Duplex With Updated
For Sale
$449,900
7007 Mink Ave, Anchorage, AK 99504
Two-unit residential property with refreshed mechanical systems and varied bedroom configurations.
Property Size2,548 SF
Price / SF$176.57
Days on Market48
Property Features for 7007 Mink Ave
General Information
Standard status
Active
Size
2,548 SF
Property subtype
Multi-Family
Building Details
Year Built
1966
Listing Agency:
Real Broker Alaska
Listed By:
Gary Cox · License #18039
(907) 727-4279
Source:
Griggrealty
Added: Aug 22
Changed: Oct 5
Last Checked: Oct 7 at 4:19PM
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 duplex contains two residential units within a 2,548-square-foot property built in 1966. One unit offers three bedrooms, one and a half baths, and a one-car garage. The second unit includes three bedrooms, one and a half baths, and additional bedroom space created from a converted garage. Minor TLC is needed before occupancy.
Recent property updates include a newer roof, newer Anderson windows, updated boilers, and updated water heaters. The property is located at 7007 Mink Ave in Anchorage, Alaska, with the 99504 ZIP code.
Recent property updates include a newer roof, newer Anderson windows, updated boilers, and updated water heaters. The property is located at 7007 Mink Ave in Anchorage, Alaska, with the 99504 ZIP code.
Key Highlights
- 2,548‑square‑foot duplex built in 1966
- Two units, each with 3 bedrooms and 1.5 baths
- One unit includes a 1‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,418
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$748,360
$748.4K
Cap Rate 7%
$534,543
$534.5K
Cap Rate 9%
$415,756
$415.8K
Market Conditions
NOI Build-Up for 2,548 SF
Gross rent
$56.6K $22.20/SF
− Vacancy
−$3.1K −$1.22/SF
EGI
$53.5K $20.98/SF
− OpEx
−$16.0K −$6.29/SF
NOI
$37.4K $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%
$748,360
Cap Rate 7%
$534,543
Cap Rate 9%
$415,756
Alternative Uses
Best Use
Multifamily LT 5
$534.5K
$467.7K – $623.6K
NOI $37,418 @ 7.0% cap · market cap 8.32%
Second Best
Apartment 5plus
$467.9K
$409.4K – $545.9K
NOI $32,751 @ 7.0% cap · market cap 7.28%
Theoretical Best
Specialty Retail
$691.9K
$605.4K – $807.2K
NOI $48,432 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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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 residential property with refreshed mechanical systems and varied bedroom configurations.
Where is this duplex located?
The property is located at 7007 Mink Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 2,548‑square‑foot duplex built in 1966; Two units, each with 3 bedrooms and 1.5 baths; One unit includes a 1‑car garage
