Mixed-Use Income
2557 Amber Street Philadelphia, PA 19125
For Sale
$775,000
Three-story mixed-use building with renovated commercial space and two leased loft-style apartments.
Property Size3,609 SF
Price / SF$214.74
Days on Market136
Property Features for 2557 Amber Street
General Information
- Standard status
- Active
- Size
- 3,609 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1875
Listing Agency:
BHHS Fox & Roach The Harper at Rittenhouse Square
(215) 790-5501
Listed By:
Marc A. Hammarberg · License #AB067991
(215) 790-5501
Source:
Compass
Added: Mar 11
Changed: Jul 23
Last Checked: Jul 23 at 6:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS Fox & Roach The Harper at Rittenhouse Square
Investment Insights
Based on property information with market context.
2557 Amber Street is a mixed-use, multi-story income property featuring first-floor commercial space and two full-floor loft-style apartments on the 2nd and 3rd levels. The first-floor commercial facade and space were fully renovated in 2019, including commercial windows and doors, new water and electrical service, an ADA-compliant entrance ramp, a customer bathroom, and new HVAC, kitchen, and retail-area improvements. Casa Borinqueña Restaurant operates in the space under a NNN lease that extends through 2030, with a tenant option to renew through 2035. The lease includes 3% yearly increases.
The second and third floors each include hardwood floors, in-unit laundry, central air, modern kitchens and baths, and large windows. Both residential units are currently leased through September 2026 (Unit 2) and December 2026 (Unit 3).
The building is described as having a large 28’ x 75’ footprint and is identified with CMX2 mixed-use zoning in the listing remarks.
The second and third floors each include hardwood floors, in-unit laundry, central air, modern kitchens and baths, and large windows. Both residential units are currently leased through September 2026 (Unit 2) and December 2026 (Unit 3).
The building is described as having a large 28’ x 75’ footprint and is identified with CMX2 mixed-use zoning in the listing remarks.
Key Highlights
- Mixed‑use CMX2‑zoned building on Amber Street with first‑floor commercial space plus two full‑floor loft‑style apartments (2nd and 3rd).
- 2019 renovation: commercial facade and first‑floor space updated with new commercial windows/doors, new water and electrical service, ADA‑compliant entry ramp, and customer bathroom.
- Newer systems and finishes include new HVAC and a new kitchen and retail area in the renovated commercial space.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.1k | $25.80 |
| − Vacancy | −$5.1k | −$1.42 |
| EGI | $88.0k | $24.38 |
| − OpEx | −$26.4k | −$7.31 |
| NOI | $61.6k | $17.06 |
3,609 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$879.8K
$769.8K – $1.03M
NOI $61,587 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$811.0K
$709.6K – $946.1K
NOI $56,768 @ 7.0% cap · market cap 7.32%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hello Donuts + Coffee
Bakery
FAQs
What type of property is this?
Duplex - Three-story mixed-use building with renovated commercial space and two leased loft-style apartments.
Where is this duplex located?
The property is located at 2557 Amber Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Mixed‑use CMX2‑zoned building on Amber Street with first‑floor commercial space plus two full‑floor loft‑style apartments (2nd and 3rd).; 2019 renovation: commercial facade and first‑floor space updated with new commercial windows/doors, new water and electrical service, ADA‑compliant entry ramp, and customer bathroom.; Newer systems and finishes include new HVAC and a new kitchen and retail area in the renovated commercial space.
