Four-Unit Quadplex with
For Sale
$725,000
Pending
1111 E Klatt Rd, Anchorage, AK 99515
Four two-bedroom units offer private storage, in-unit laundry, and access to extensive parking areas.
Property Size3,480 SF
Days on Market60
Property Features for 1111 E Klatt Rd
General Information
Standard status
Pending
Size
3,480 SF
Property subtype
Residential Income
Additional Details
Road Access
Yes
Amenities
in-unit washer/dryer
storage shed
balconies
Listing Agency:
Executive Properties, LLC
(907) 748-6654
Listed By:
Bob Donaldson
(907) 748-6654
Source:
Exprealty
Added: Jun 8
Changed: Aug 2
Last Checked: Aug 2 at 4:03AM
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 Executive Properties, LLC
Investment Insights
Based on property information with market context.
This 3,480-square-foot quadplex contains four two-bedroom, one-bath units. Each residence includes in-unit washer and dryer hookups, a carport, and an individual storage shed, with an additional fifth shed reserved for owner use. Two units feature balconies. The property also includes front and rear parking areas with room for an RV. Fireplaces are present in each unit but have been covered with sheetrock.
The property is located at 1111 E Klatt Rd in Anchorage, with two access points from E Klatt and a paved alley north of Klatt. Restaurants and Huffman Park are within walking distance, while Lowe’s is a short drive away. The site occupies a large, tree-lined lot on a lightly developed street.
The property is located at 1111 E Klatt Rd in Anchorage, with two access points from E Klatt and a paved alley north of Klatt. Restaurants and Huffman Park are within walking distance, while Lowe’s is a short drive away. The site occupies a large, tree-lined lot on a lightly developed street.
Key Highlights
- Four‑unit quadplex with four 2‑bedroom, 1‑bath units
- 3,480‑square‑foot property with front and rear parking areas
- Each unit includes in‑unit washer and dryer hookups, a carport, and an individual storage shed
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
$51,105
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
7.05%
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%
$1,022,100
$1.0M
Cap Rate 7%
$730,071
$730.1K
Cap Rate 9%
$567,833
$567.8K
Market Conditions
NOI Build-Up for 3,480 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
$77.3K $22.20/SF
− Vacancy
−$4.2K −$1.22/SF
EGI
$73.0K $20.98/SF
− OpEx
−$21.9K −$6.29/SF
NOI
$51.1K $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%
$1,022,100
Cap Rate 7%
$730,071
Cap Rate 9%
$567,833
Alternative Uses
Best Use
Multifamily LT 5
$730.1K
$638.8K – $851.8K
NOI $51,105 @ 7.0% cap · market cap 7.05%
Second Best
Apartment 5plus
$639.0K
$559.1K – $745.5K
NOI $44,730 @ 7.0% cap · market cap 6.17%
Theoretical Best
Specialty Retail
$945.0K
$826.9K – $1.10M
NOI $66,148 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Demographics for 99515, AK
22,532
Population
8,137
Households
2.8
Avg Household Size
37
Median Age
41%
College-Educated
95%
High-School Grad
10.6 sq mi
ZIP Area
2,126
Density / Sq Mi
$112,445
Median Household Income
$55,657
Median Earnings
$1,716
Median Rent
$400,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom units offer private storage, in-unit laundry, and access to extensive parking areas.
Where is this quadplex located?
The property is located at 1111 E Klatt Rd Anchorage, AK.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Four‑unit quadplex with four 2‑bedroom, 1‑bath units; 3,480‑square‑foot property with front and rear parking areas; Each unit includes in‑unit washer and dryer hookups, a carport, and an individual storage shed
