2026 Amber is a boutique multifamily apartment community located in the heart of Philadelphia's Fishtown neighborhood. Fishtown is one of Philadelphia's most desirable residential submarkets, known for its strong rental demand, walkability, vibrant retail corridor, and continued residential and commercial investment.
2026 Amber consists of nine apartments featuring an efficient unit mix of 100% one-bedroom apartments. The Property offers an average unit size of ~634 square feet, appealing to a broad renter demographic seeking convenient access to Fishtown’s neighborhood amenities and access to Center City Philadelphia. The Property is currently 100% occupied with average in-place rents of approximately $1,434 per month.
Based on the current rent roll and pro forma, the Property offers meaningful upside through mark-to-market rent increases. Current ownership has identified projected rents of ~$1,506 per month, representing an opportunity for new ownership to increase net operating income as leases turn over. The Property also benefits from utility reimbursements and ancillary income streams such as pet fees, trash reimbursements, etc., that further support cash flow growth.
Residents benefit from immediate access to Frankford Avenue's collection of restaurants, coffee shops, boutiques, and entertainment venues, and convenient access to SEPTA's Elevated Market-Frankford Line, Interstate 95, Northern Liberties, Old City, and Center City Philadelphia. The neighborhood continues to attract both residents and businesses, supporting long-term rental demand and continued growth throughout the submarket.
2026 Amber presents investors with the opportunity to acquire a stabilized multifamily asset in one of Philadelphia's strongest rental markets. The combination of strong in-place occupancy, rental upside through mark-to-market increases, and Fishtown's continued growth makes the Property a compelling investment opportunity.