Ranch Duplex with Twin
For Sale
$334,000
1102 W 29th Pl, Anchorage, AK 99503
Two-unit ranch property currently operating as an assisted living facility with potential for conversion to a five-bedroom residence.
Property Size1,650 SF
Price / SF$202.42
Days on Market69
Property Features for 1102 W 29th Pl
General Information
Standard status
Active
Size
1,650 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1953
Construction
ranch
Listing Agency:
LPT Realty
Listed By:
Nate Baer
(877) 366-2213
Source:
Griggrealty
Added: Aug 8
Changed: Oct 8
Last Checked: Oct 13 at 12:45AM
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 LPT Realty
Investment Insights
Based on property information with market context.
This ranch-style duplex contains 1,650 of property area and is configured with two separate sides and twin garages. The existing layout also supports conversion into a five-bedroom home, providing an alternative residential configuration.
The property is currently operating as an assisted living facility and was built in 1953. It is located at 1102 W 29th Pl in Anchorage, Alaska, within the 99503 ZIP code.
The property is currently operating as an assisted living facility and was built in 1953. It is located at 1102 W 29th Pl in Anchorage, Alaska, within the 99503 ZIP code.
Key Highlights
- Two‑unit ranch‑style property with twin garages
- Currently operating as an assisted living facility
- Potential conversion to a 5‑bedroom home
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,231
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,620
$484.6K
Cap Rate 7%
$346,157
$346.2K
Cap Rate 9%
$269,233
$269.2K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$36.6K $22.20/SF
− Vacancy
−$2.0K −$1.22/SF
EGI
$34.6K $20.98/SF
− OpEx
−$10.4K −$6.29/SF
NOI
$24.2K $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 Rate 5%
$484,620
Cap Rate 7%
$346,157
Cap Rate 9%
$269,233
Alternative Uses
Best Use
Multifamily LT 5
$346.2K
$302.9K – $403.9K
NOI $24,231 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$303.0K
$265.1K – $353.5K
NOI $21,208 @ 7.0% cap · market cap 6.35%
Theoretical Best
Specialty Retail
$448.0K
$392.0K – $522.7K
NOI $31,363 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Demographics for 99503, AK
13,550
Population
7,411
Households
1.8
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
20.7 sq mi
ZIP Area
655
Density / Sq Mi
$76,888
Median Household Income
$46,734
Median Earnings
$1,185
Median Rent
$316,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit ranch property currently operating as an assisted living facility with potential for conversion to a five-bedroom residence.
Where is this duplex located?
The property is located at 1102 W 29th Pl Anchorage, AK.
What is the asking price?
The asking price for this property is $334,000.
What are key features of this property?
This property features: Two‑unit ranch‑style property with twin garages; Currently operating as an assisted living facility; Potential conversion to a 5‑bedroom home
