Duplex with Fenced
For Sale
$440,000
5016 E 24th Ave, Anchorage, AK 99508
Two-level duplex with upgraded finishes, storage sheds, and gated rear access for RVs or occasional equipment.
Property Size2,080 SF
Price / SF$211.54
Days on Market35
Property Features for 5016 E 24th Ave
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Multi-Family
Building Details
Year Built
1970
Listing Agency:
Berkshire Hathaway HomeServices Alaska Realty
Listed By:
Mark Tuovinen · License #145187
(907) 240-7081
Source:
Bktanchorage
Added: Sep 4
Changed: Sep 13
Last Checked: Oct 7 at 1:00PM
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 Berkshire Hathaway HomeServices Alaska Realty
Investment Insights
Based on property information with market context.
This 2,080-square-foot duplex includes a one-bedroom upper unit and a three-bedroom lower unit. The upper residence has an open living area with LVP flooring, a custom kitchen with granite countertops, and an en-suite bedroom featuring a jetted tub, circular glass block shower, custom tile work, large closet, and mixed engineered hardwood and marble tile flooring. The lower unit includes newer cabinets, plumbing, and appliances, along with slate flooring in the main living area and hallway and Kahrs engineered hardwood in the bedrooms.
Outside, the mostly fenced, level backyard includes two storage sheds and a vehicle gate along the west side of the property. The gate provides rear access for RVs or other occasional-use items. Minor repairs, touch-ups, and maintenance are ongoing, and the property is offered as-is.
Outside, the mostly fenced, level backyard includes two storage sheds and a vehicle gate along the west side of the property. The gate provides rear access for RVs or other occasional-use items. Minor repairs, touch-ups, and maintenance are ongoing, and the property is offered as-is.
Key Highlights
- 2,080‑square‑foot duplex with separate one‑bedroom and 3 bd. units
- Upper unit features granite kitchen countertops and a detailed en‑suite bathroom
- Lower unit includes newer cabinets, plumbing, and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,545
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,900
$610.9K
Cap Rate 7%
$436,357
$436.4K
Cap Rate 9%
$339,389
$339.4K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$46.2K $22.20/SF
− Vacancy
−$2.5K −$1.22/SF
EGI
$43.6K $20.98/SF
− OpEx
−$13.1K −$6.29/SF
NOI
$30.5K $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%
$610,900
Cap Rate 7%
$436,357
Cap Rate 9%
$339,389
Alternative Uses
Best Use
Multifamily LT 5
$436.4K
$381.8K – $509.1K
NOI $30,545 @ 7.0% cap · market cap 6.94%
Second Best
Apartment 5plus
$381.9K
$334.2K – $445.6K
NOI $26,735 @ 7.0% cap · market cap 6.08%
Theoretical Best
Specialty Retail
$564.8K
$494.2K – $659.0K
NOI $39,537 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Demographics for 99508, AK
34,394
Population
14,219
Households
2.4
Avg Household Size
34
Median Age
28%
College-Educated
91%
High-School Grad
7.1 sq mi
ZIP Area
4,844
Density / Sq Mi
$72,751
Median Household Income
$40,937
Median Earnings
$1,353
Median Rent
$309,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Two-level duplex with upgraded finishes, storage sheds, and gated rear access for RVs or occasional equipment.
Where is this duplex located?
The property is located at 5016 E 24th Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: 2,080‑square‑foot duplex with separate one‑bedroom and 3 bd. units; Upper unit features granite kitchen countertops and a detailed en‑suite bathroom; Lower unit includes newer cabinets, plumbing, and appliances
