Mixed-Use Property with
101 E Swanson Avenue, Wasilla, AK 99654
For Sale
$749,000
A rented fourplex and an occupied shop share a downtown Wasilla parcel.
Property Size3,735 SF
Lot Size0.77 Acres
Price / SF$200.54
Days on Market9
Property Features for 101 E Swanson Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Mixed-Use Components
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Elite Real Estate Group
Listed By:
Emilie Cullison · License AK #140527
(907) 355-4265
Source:
Alaskabuiltrealestate
Added: Nov 1
Changed: Nov 7
Last Checked: Nov 9 at 1:34PM
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 Elite Real Estate Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two buildings on a 0.77-acre parcel combine residential and shop space. The 1,935-square-foot fourplex contains two studio apartments and two one-bedroom apartments, all currently rented. A separate 1,800-square-foot shop is occupied by a small business. The property was built in 1965.
Updates to the residential building include a replacement heating system installed in 2024 and new windows in some units. The listing identifies the zoning as RMKS - See Remarks (re: all MSB); zoning should be verified with the City of Wasilla.
Updates to the residential building include a replacement heating system installed in 2024 and new windows in some units. The listing identifies the zoning as RMKS - See Remarks (re: all MSB); zoning should be verified with the City of Wasilla.
Key Highlights
- 0.77‑acre mixed‑use parcel in downtown Wasilla
- 1,935‑square‑foot fourplex with two studios and two one‑bedroom apartments
- All fourplex units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,438
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$988,760
$988.8K
Cap Rate 7%
$706,257
$706.3K
Cap Rate 9%
$549,311
$549.3K
Market Conditions
NOI Build-Up for 3,735 SF
Gross rent
$74.0K $19.80/SF
− Vacancy
−$3.3K −$0.89/SF
EGI
$70.6K $18.91/SF
− OpEx
−$21.2K −$5.67/SF
NOI
$49.4K $13.24/SF
Area
Matanuska-Susitna County, AK
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$988,760
Cap Rate 7%
$706,257
Cap Rate 9%
$549,311
Alternative Uses
Best Use
Multifamily LT 5
$706.3K
$618.0K – $824.0K
NOI $49,438 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$627.6K
$549.2K – $732.2K
NOI $43,934 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$1.03M
$900.9K – $1.20M
NOI $72,071 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Demographics for 99654, AK
40,726
Population
17,006
Households
2.4
Avg Household Size
35
Median Age
24%
College-Educated
95%
High-School Grad
113.6 sq mi
ZIP Area
359
Density / Sq Mi
$93,739
Median Household Income
$53,748
Median Earnings
$1,233
Median Rent
$342,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A rented fourplex and an occupied shop share a downtown Wasilla parcel.
Where is this mixed-use property located?
The property is located at 101 E Swanson Avenue Wasilla, AK.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 0.77‑acre mixed‑use parcel in downtown Wasilla; 1,935‑square‑foot fourplex with two studios and two one‑bedroom apartments; All fourplex units are currently rented
