Triplex with Private
For Sale
$640,000
Pending
1210 Valley St, Anchorage, AK 99504
Three residential units feature private garages, in-unit laundry, fireplaces, and varied bedroom configurations.
Property Size3,422 SF
Days on Market230
Property Features for 1210 Valley St
General Information
Standard status
Pending
Size
3,422 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x owner's unit (2BA), 1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
3
Amenities
washer/dryer
fireplace
private garage
Building Details
Year Built
1984
Listing Agency:
LPT Realty
(877) 366-2213
Listed By:
Nate Baer
Source:
Viewanchoragehouses
Added: Jan 12
Changed: Aug 28
Last Checked: Aug 29 at 10:32AM
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.
Located at 1210 Valley St in Anchorage, this 1984-built triplex includes an upstairs owner’s unit with two full bathrooms and a walk-in closet. The lower level contains one two-bedroom, one-bath unit and one three-bedroom, one-bath unit, creating a varied residential configuration within the property.
Each unit includes a washer and dryer, fireplace, and private garage. The property is situated near military bases, shopping, and schools, offering convenient access to everyday services and nearby employment centers. The separate garage arrangement adds dedicated parking and storage for each residence.
Each unit includes a washer and dryer, fireplace, and private garage. The property is situated near military bases, shopping, and schools, offering convenient access to everyday services and nearby employment centers. The separate garage arrangement adds dedicated parking and storage for each residence.
Key Highlights
- Three‑unit property with an upstairs owner’s residence and two lower‑level apartments
- Upstairs unit includes two full bathrooms and a walk‑in closet
- Lower units include 2 bedrooms and 1 bath, plus 3 bedrooms and 1 bath
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
$50,253
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
7.85%
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%
$1,005,060
$1.0M
Cap Rate 7%
$717,900
$717.9K
Cap Rate 9%
$558,367
$558.4K
Market Conditions
NOI Build-Up for 3,422 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
$76.0K $22.20/SF
− Vacancy
−$4.2K −$1.22/SF
EGI
$71.8K $20.98/SF
− OpEx
−$21.5K −$6.29/SF
NOI
$50.3K $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%
$1,005,060
Cap Rate 7%
$717,900
Cap Rate 9%
$558,367
Alternative Uses
Best Use
Multifamily LT 5
$717.9K
$628.2K – $837.6K
NOI $50,253 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$628.4K
$549.8K – $733.1K
NOI $43,985 @ 7.0% cap · market cap 6.87%
Theoretical Best
Specialty Retail
$929.2K
$813.1K – $1.08M
NOI $65,045 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Demographics for 99504, AK
42,375
Population
17,720
Households
2.4
Avg Household Size
34
Median Age
31%
College-Educated
91%
High-School Grad
36.8 sq mi
ZIP Area
1,151
Density / Sq Mi
$83,338
Median Household Income
$46,883
Median Earnings
$1,529
Median Rent
$309,200
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?
Triplex - Three residential units feature private garages, in-unit laundry, fireplaces, and varied bedroom configurations.
Where is this triplex located?
The property is located at 1210 Valley St Anchorage, AK.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Three‑unit property with an upstairs owner’s residence and two lower‑level apartments; Upstairs unit includes two full bathrooms and a walk‑in closet; Lower units include 2 bedrooms and 1 bath, plus 3 bedrooms and 1 bath
