Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    610 Wood Riv Rd Dillingham, AK 99576

    Sponsored
    For Sale
    $1,395,000

    MULTI_FAMILY - Dillingham, AK

    Property size:
    6,784 SF
    Lot size:
    0.93 Acres
    Days on Market:
    11
    Last Refresh:
    Jan 26 at 7:06 am

    Property Features for 610 Wood Riv Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    UNK - Unknown
    Rooms
    Bedroom 8, Bedroom 10, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 14, Bathroom 6, Bathroom 2, Bedroom 3, Bedroom 6, Bedroom 12, Bedroom 7, Bedroom 13, Bathroom 8, Bedroom 9, Bathroom 9, Bathroom 5, Bedroom 5, Bedroom 1, Bathroom 7, Bedroom 11, Bathroom 4, Bedroom 4
    Bedrooms
    14
    Bathrooms
    9
    APN
    000144 and 000145
    Size
    6,784 SF
    Lot size
    0.93 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Oil

    Building Details

    Year built
    1985
    Number of units
    8
    Flooring type
    Vinyl
    Roof type
    Metal

    We can help!

    Listing Contact
    J. Michael James

    Dwell Realty LLC (907) 646-3600

    Listing agent J. Michael James (907) 646-3600 License #15758

    Listing date Jan 16, 2026

    MLS# 24-3960 Listing URL

    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.

    Learn more

    Overview

    Renovated Multifamily Property in Dillingham

    This multifamily property in Dillingham, Alaska, features a fully renovated interior as of winter/spring 2024. The property is currently vacant and ready for occupancy. It includes one 3-bedroom unit, four 2-bedroom units, and three 1-bedroom units. Each unit is equipped with a washer and dryer, new kitchens with appliances, new bathrooms, new LVP flooring, and new vinyl windows. The property is suited for housing teachers, medical staff, or summer workers. Additionally, there is a detached storage building for tenants, offering 96 square feet of space for each unit. The lot size is 0.93 acres, and the property size is 6,784 square feet.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Dillingham
    County
    Dillingham
    State
    Alaska
    Longitude
    -158.500829
    Latitude
    59.045085

    Nearby Similar for Sale

    • $1,083,950

      Riverfront Fish Camp Complex

      Profitable fish camp with multiple structures and equipment.
      2007 Nushagak Riv, Dillingham, AK 99576
      View Details
    • $1,083,950
      5,130 SF

      Riverfront Fish Camp Complex

      12-acre riverfront fish camp with multiple structures and equipment.
      207 Nushagak Riv, Dillingham, AK 99576
      View Details
    • $300,000

      Restaurant Opportunity Near Airport

      Turn-key restaurant or Airbnb opportunity near Dillingham Airport.
      3310 Nina Way, Dillingham, AK 99576
      View Details
    • $599,900
      3,692 SF

      Dillingham Restaurant - Turnkey Opportunity

      Prime Location, Fully Equipped, High Potential
      3310 Nina Way, Dillingham, AK 99576
      View Details
    • $325,000
      2,000 SF

      Dillingham Cabin: Prime Waterfront Retreat

      Spacious cabin, half-acre lot, investment potential.
      3320 Nina Way, Dillingham, AK 99576
      View Details

    FAQs

    What type of property is this?
    Apartment building - Recently renovated multifamily property, ready for immediate occupancy in Dillingham.
    Where is this apartment building located?
    The property is located at 610 Wood Riv Rd Dillingham, AK.
    What is the asking price?
    The asking price for this property is $1,395,000.
    What are key features of this property?
    This property features: - Fully renovated in winter/spring 2024 with **new kitchens, bathrooms, LVP flooring, and vinyl windows.**; - Mix of unit sizes: (1) 3-Bedroom, (4) 2-Bedroom, (3) 1-bedroom units.; - All units include a washer/dryer.
    (907) 646-3600
    Request Owner's contact information
    610 Wood Riv Rd Dillingham, AK 99576
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    610 Wood Riv Rd
    Dillingham, AK 99576
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    610 Wood Riv Rd Dillingham, AK 99576
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    J. Michael James
    Real Estate License ID: 15758
    (907) 646-3600
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.