Four-Unit Quadplex with Heated
For Sale
$920,000
1681 Elcadore Dr, Anchorage, AK 99507
Four residences offer dedicated parking and private laundry facilities.
Property Size3,968 SF
Price / SF$231.85
Days on Market53
Property Features for 1681 Elcadore Dr
General Information
Standard status
Active
Size
3,968 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1.75BA, 2 x 2BR/1BA
Multifamily Units
4
Amenities
in-unit washer and dryer
heated garage
private rear decks
upper balconies
Building Details
Year Built
1985
Listing Agency:
RE/MAX Dynamic Properties
Listed By:
Elisabeth Wilson
(907) 280-7789
Source:
Sellingalaskaco
Added: Aug 17
Changed: Sep 10
Last Checked: Oct 7 at 1:06PM
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 RE/MAX Dynamic Properties
Investment Insights
Based on property information with market context.
This 3,968-square-foot quadplex contains four two-bedroom residences, with two units configured with 1.75 bathrooms and two offering one bathroom. Each unit has its own heated garage, in-unit washer and dryer, and a functional living arrangement. Outdoor amenities include private rear decks for the 1.75-bath residences and two upper balconies for each one-bath residence.
Located at 1681 Elcadore Dr in Anchorage, the property is positioned in South Anchorage near shopping, restaurants, parks, trails, and schools. The combination of four similarly sized bedroom configurations, individual garages, laundry equipment, and unit-specific outdoor areas supports both rental and owner-occupant use.
Located at 1681 Elcadore Dr in Anchorage, the property is positioned in South Anchorage near shopping, restaurants, parks, trails, and schools. The combination of four similarly sized bedroom configurations, individual garages, laundry equipment, and unit-specific outdoor areas supports both rental and owner-occupant use.
Key Highlights
- 3,968 SF quadplex with four 2‑bedroom units
- Unit mix includes two 1.75‑bath residences and two 1‑bath residences
- Each unit includes its own heated garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,271
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,165,420
$1.2M
Cap Rate 7%
$832,443
$832.4K
Cap Rate 9%
$647,456
$647.5K
Market Conditions
NOI Build-Up for 3,968 SF
Gross rent
$88.1K $22.20/SF
− Vacancy
−$4.8K −$1.22/SF
EGI
$83.2K $20.98/SF
− OpEx
−$25.0K −$6.29/SF
NOI
$58.3K $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 Rate 5%
$1,165,420
Cap Rate 7%
$832,443
Cap Rate 9%
$647,456
Alternative Uses
Best Use
Multifamily LT 5
$832.4K
$728.4K – $971.2K
NOI $58,271 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$728.6K
$637.5K – $850.1K
NOI $51,003 @ 7.0% cap · market cap 5.54%
Theoretical Best
Specialty Retail
$1.08M
$942.8K – $1.26M
NOI $75,424 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Demographics for 99507, AK
38,199
Population
14,552
Households
2.6
Avg Household Size
36
Median Age
38%
College-Educated
95%
High-School Grad
47.3 sq mi
ZIP Area
808
Density / Sq Mi
$107,347
Median Household Income
$55,197
Median Earnings
$1,546
Median Rent
$371,200
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?
Quadplex - Four residences offer dedicated parking and private laundry facilities.
Where is this quadplex located?
The property is located at 1681 Elcadore Dr Anchorage, AK.
What is the asking price?
The asking price for this property is $920,000.
What are key features of this property?
This property features: 3,968 SF quadplex with four 2‑bedroom units; Unit mix includes two 1.75‑bath residences and two 1‑bath residences; Each unit includes its own heated garage
