Side-by-Side Duplex with
For Sale
$579,000
914 Boyd St, Anchorage, AK 99501
Single-level units include private garages, in-unit laundry, and fenced outdoor areas.
Property Size1,968 SF
Price / SF$294.21
Days on Market11
Property Features for 914 Boyd St
General Information
Standard status
Active
Size
1,968 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
in-unit laundry
fenced yards
Building Details
Year Built
1972
Buildings
1
Stories
1
Construction
ranch-style
Listing Agency:
RealtySimple
(907) 322-3267
Listed By:
Daniel Potts · License #18270
Source:
Sellingalaskaco
Added: Aug 20
Changed: Aug 29
Last Checked: Aug 29 at 5:38PM
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 RealtySimple
Investment Insights
Based on property information with market context.
This 1,968-square-foot duplex, built in 1972, is arranged as two side-by-side ranch-style units with single-level layouts. Each residence includes 2 bedrooms, 1 bathroom, an attached 1-car garage, in-unit laundry, and separate kitchen and living areas. Both units also have fenced yards for private outdoor space.
The property is located at 914 Boyd St in Anchorage, within walking distance of multiple parks. Downtown and JBER are accessible from the property, adding practical connectivity for residents and daily transportation needs.
The property is located at 914 Boyd St in Anchorage, within walking distance of multiple parks. Downtown and JBER are accessible from the property, adding practical connectivity for residents and daily transportation needs.
Key Highlights
- Two side‑by‑side units, each with 2 bedrooms and 1 bathroom
- 1,968 SF duplex built in 1972
- Attached 1‑car garage provided for each unit
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
$28,901
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
4.99%
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%
$578,020
$578.0K
Cap Rate 7%
$412,871
$412.9K
Cap Rate 9%
$321,122
$321.1K
Market Conditions
NOI Build-Up for 1,968 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
$43.7K $22.20/SF
− Vacancy
−$2.4K −$1.22/SF
EGI
$41.3K $20.98/SF
− OpEx
−$12.4K −$6.29/SF
NOI
$28.9K $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%
$578,020
Cap Rate 7%
$412,871
Cap Rate 9%
$321,122
Alternative Uses
Best Use
Multifamily LT 5
$412.9K
$361.3K – $481.7K
NOI $28,901 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$361.4K
$316.2K – $421.6K
NOI $25,296 @ 7.0% cap · market cap 4.37%
Theoretical Best
Specialty Retail
$534.4K
$467.6K – $623.5K
NOI $37,408 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Demographics for 99501, AK
18,590
Population
8,906
Households
2.1
Avg Household Size
38
Median Age
40%
College-Educated
92%
High-School Grad
6.7 sq mi
ZIP Area
2,775
Density / Sq Mi
$69,591
Median Household Income
$43,542
Median Earnings
$1,181
Median Rent
$378,700
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?
Duplex - Single-level units include private garages, in-unit laundry, and fenced outdoor areas.
Where is this duplex located?
The property is located at 914 Boyd St Anchorage, AK.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with 2 bedrooms and 1 bathroom; 1,968 SF duplex built in 1972; Attached 1‑car garage provided for each unit
