Updated Quadplex with RV
For Sale
$775,000
Pending
12521 Tanada Loop, Anchorage, AK 99515
Four-unit property with a three-bedroom owner’s residence, private outdoor areas, storage, and coin-operated laundry.
Property Size3,672 SF
Days on Market146
Property Features for 12521 Tanada Loop
General Information
Standard status
Pending
Size
3,672 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Amenities
large private yard
shed
deck
individual storage units
coin-op laundry
RV parking
Building Details
Year Built
1976
Buildings
1
Listing Agency:
Real Broker Alaska
(907) 529-2289
Listed By:
Kevin B Cross · License #17358
Source:
Viewanchoragehouses
Added: Apr 7
Changed: Aug 30
Last Checked: Aug 30 at 12:06AM
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 Real Broker Alaska
Investment Insights
Based on property information with market context.
This 3,672 SF quadplex was built in 1976 and includes a three-bedroom owner’s unit. The property offers a large private yard, deck, shed, individual storage units, and a coin-operated laundry area with cabinet storage. Each unit has its own electric hot water heater and gas furnace, while lightweight concrete separates the units. Many updates were completed in 2022, with a roof replacement and most window replacements completed in 2015.
Located in South Anchorage off Huffman, the property also includes RV parking. Its combination of four residential units, dedicated storage, outdoor space, and unit-level mechanical systems provides a clearly defined multifamily configuration.
Located in South Anchorage off Huffman, the property also includes RV parking. Its combination of four residential units, dedicated storage, outdoor space, and unit-level mechanical systems provides a clearly defined multifamily configuration.
Key Highlights
- 3,672 SF quadplex built in 1976
- Three‑bedroom owner’s unit
- Many updates completed in 2022
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
$53,924
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
6.96%
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%
$1,078,480
$1.1M
Cap Rate 7%
$770,343
$770.3K
Cap Rate 9%
$599,156
$599.2K
Market Conditions
NOI Build-Up for 3,672 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
$81.5K $22.20/SF
− Vacancy
−$4.5K −$1.22/SF
EGI
$77.0K $20.98/SF
− OpEx
−$23.1K −$6.29/SF
NOI
$53.9K $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%
$1,078,480
Cap Rate 7%
$770,343
Cap Rate 9%
$599,156
Alternative Uses
Best Use
Multifamily LT 5
$770.3K
$674.1K – $898.7K
NOI $53,924 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$674.3K
$590.0K – $786.6K
NOI $47,198 @ 7.0% cap · market cap 6.09%
Theoretical Best
Specialty Retail
$997.1K
$872.5K – $1.16M
NOI $69,797 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with a three-bedroom owner’s residence, private outdoor areas, storage, and coin-operated laundry.
Where is this quadplex located?
The property is located at 12521 Tanada Loop Anchorage, AK.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 3,672 SF quadplex built in 1976; Three‑bedroom owner’s unit; Many updates completed in 2022
