Newly Renovated
For Sale
$639,900
Pending
4027 E 8th Avenue, Anchorage, AK 99508
MULTI_FAMILY - Anchorage, AK
Property Size3,864 SF
Lot Size0.16 Acres
Days on Market89
Property Features for 4027 E 8th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3 - Multiple Family Resi
Bedrooms
12
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 3, Bedroom 5, Bedroom 1, Bedroom 9, Bedroom 10, Bedroom 11, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 8, Bedroom 7, Bathroom 1, Bedroom 12, Bathroom 4
Elementary school
BTV-Undiscl by LL
Middle school
BTV-Undiscl by LL
High school
BTV-Undiscl by LL
Directions
From Bragaw, East on 8th Avenue to four-plex on the left. Sign posted
Subdivision
1A - Anchorage Municipality
Standard status
Pending
APN
0050552400001
Size
3,864 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
Vanover L16 B6
Legal Description
Vanover L16 B6
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard, Radiant
Water source
Public
Amenities
laundry room
Building Details
Year built
1962
Number of units
4
Flooring type
Carpet, Vinyl
Roof type
Metal
Listing Agency:
EXP Realty, LLC
(907) 519-0095
Listed By:
Jeduthun C Carpenter · License #170537
(817) 296-4757
Added: Jun 4
Changed: Aug 11
Last Checked: Aug 31 at 4:06AM
MLS# 26-6491
Copyright © 2026 Alaska Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This newly renovated quadplex offers four spacious 3-bedroom, 1-bath units. The property totals 3,864 square feet on a 0.16-acre lot and was built in 1962. Interior finishes include vinyl and carpet flooring, and there is a laundry room that could be operated as coin op if the new owner chooses.
Heating is provided by radiant and baseboard systems fueled by natural gas. The roof is metal. Public water and public sewer are in place.
The property is described as having great proximity to base and the UMed district, supporting its appeal to tenants who want convenient access to those destinations.
Heating is provided by radiant and baseboard systems fueled by natural gas. The roof is metal. Public water and public sewer are in place.
The property is described as having great proximity to base and the UMed district, supporting its appeal to tenants who want convenient access to those destinations.
Key Highlights
- Four 3‑bedroom, 1‑bath units
- 3,864 square feet on a 0.16‑acre lot
- Metal roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,744
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,134,880
$1.1M
Cap Rate 7%
$810,629
$810.6K
Cap Rate 9%
$630,489
$630.5K
Market Conditions
NOI Build-Up for 3,864 SF
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.
Gross rent
$85.8K $22.20/SF
− Vacancy
−$4.7K −$1.22/SF
EGI
$81.1K $20.98/SF
− OpEx
−$24.3K −$6.29/SF
NOI
$56.7K $14.69/SF
Area
Anchorage, AK
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,134,880
Cap Rate 7%
$810,629
Cap Rate 9%
$630,489
Alternative Uses
Best Use
Multifamily LT 5
$810.6K
$709.3K – $945.7K
NOI $56,744 @ 7.0% cap · market cap 8.87%
Second Best
Apartment 5plus
$709.5K
$620.8K – $827.8K
NOI $49,666 @ 7.0% cap · market cap 7.76%
Theoretical Best
Specialty Retail
$1.05M
$918.1K – $1.22M
NOI $73,447 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Demographics for 99508, AK
34,394
Population
14,219
Households
2.4
Avg Household Size
34
Median Age
28%
College-Educated
91%
High-School Grad
7.1 sq mi
ZIP Area
4,844
Density / Sq Mi
$72,751
Median Household Income
$40,937
Median Earnings
$1,353
Median Rent
$309,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four 3-bedroom, 1-bath units under R3 multiple family zoning with public water and public sewer.
Where is this quadplex located?
The property is located at 4027 E 8th Avenue Anchorage, AK.
What is the asking price?
The asking price for this property is $639,900.
What are key features of this property?
This property features: Four 3‑bedroom, 1‑bath units; 3,864 square feet on a 0.16‑acre lot; Metal roof
