Four-Unit Multifamily Property with Private-Entry
For Sale
$589,000
Pending
1409 Juneau Street, Anchorage, AK 99501
A three-bedroom residence with dedicated access anchors a four-unit property with shared laundry and outdoor storage.
Property Size2,659 SF
Days on Market8
Property Features for 1409 Juneau Street
General Information
Standard status
Pending
Size
2,659 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR, 2 x efficiency
Multifamily Units
4
Amenities
shared laundry
fenced yard
storage shed
gardening area
Building Details
Building Size
2,659 SF
Year Built
1974
Buildings
1
Listing Agency:
RealtySimple
Listed By:
Daniel Potts · License #18270
(907) 322-3267
Source:
Keiradrehergroup.kw
Added: Oct 8
Changed: Oct 11
Last Checked: Oct 14 at 7:55PM
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 1974 four-unit multifamily property includes a remodeled three-bedroom, two-bath residence with its own entrance, upgraded insulation, and plumbing in place for a private laundry area. The remaining units comprise one one-bedroom apartment and two efficiencies, each with a private bath. Shared laundry serves the property, and exterior features include a fenced yard, storage shed, and gardening area.
The property is located on Juneau Street in Anchorage, with access to downtown and JBER. The larger residence has a 4 Star Plus energy rating and a layout that separates it from the other units. The existing unit mix and shared facilities provide a clear overview of the property's configuration.
The property is located on Juneau Street in Anchorage, with access to downtown and JBER. The larger residence has a 4 Star Plus energy rating and a layout that separates it from the other units. The existing unit mix and shared facilities provide a clear overview of the property's configuration.
Key Highlights
- Four units: one three‑bedroom, two‑bath residence, one one‑bedroom unit, and two efficiency units
- Three‑bedroom residence has a private entrance and 4 Star Plus energy rating
- Upgraded insulation and plumbing for a private laundry area in the larger residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,048
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$780,960
$781.0K
Cap Rate 7%
$557,829
$557.8K
Cap Rate 9%
$433,867
$433.9K
Market Conditions
NOI Build-Up for 2,659 SF
Gross rent
$59.0K $22.20/SF
− Vacancy
−$3.2K −$1.22/SF
EGI
$55.8K $20.98/SF
− OpEx
−$16.7K −$6.29/SF
NOI
$39.0K $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%
$780,960
Cap Rate 7%
$557,829
Cap Rate 9%
$433,867
Alternative Uses
Best Use
Multifamily LT 5
$557.8K
$488.1K – $650.8K
NOI $39,048 @ 7.0% cap · market cap 6.63%
Second Best
Apartment 5plus
$488.2K
$427.2K – $569.6K
NOI $34,177 @ 7.0% cap · market cap 5.80%
Theoretical Best
Specialty Retail
$722.0K
$631.8K – $842.4K
NOI $50,542 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
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
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 - A three-bedroom residence with dedicated access anchors a four-unit property with shared laundry and outdoor storage.
Where is this quadplex located?
The property is located at 1409 Juneau Street Anchorage, AK.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Four units: one three‑bedroom, two‑bath residence, one one‑bedroom unit, and two efficiency units; Three‑bedroom residence has a private entrance and 4 Star Plus energy rating; Upgraded insulation and plumbing for a private laundry area in the larger residence
