Accessible Duplex With
For Sale
$429,000
1415 Demeure Pl, Anchorage, AK 99508
Two-bedroom units offer distinct bathroom layouts, accessible entry features, fenced outdoor space, and multiple storage areas.
Property Size2,394 SF
Price / SF$179.20
Days on Market13
Property Features for 1415 Demeure Pl
General Information
Standard status
Active
Size
2,394 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,495
Listing Agency:
RMG Real Estate
(907) 717-4426
Listed By:
John M Wakefield · License #18876
(907) 717-4426
Source:
Exprealty
Added: Jul 31
Changed: Aug 8
Last Checked: Aug 11 at 11:30AM
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 RMG Real Estate
Investment Insights
Based on property information with market context.
This duplex contains 2,394 square feet and is configured with two separate two-bedroom units. The lower unit has two bathrooms, while the upper unit includes one bathroom. Accessibility features include a ramp at the front entry leading to a large deck. Both units are supported by practical storage improvements, including a large attached storage area excluded from the stated square footage and a separate storage shed.
The property also includes a flat, fenced yard. Shopping, hospitals, and the bases are located nearby, providing convenient access to everyday services and area destinations.
The property also includes a flat, fenced yard. Shopping, hospitals, and the bases are located nearby, providing convenient access to everyday services and area destinations.
Key Highlights
- Two 2‑bedroom units within a 2,394‑square‑foot duplex
- Lower unit has 2 bathrooms; upper unit has 1 bathroom
- Front‑entry ramp and large deck provide handicap accessible features
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
$35,157
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
8.20%
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%
$703,140
$703.1K
Cap Rate 7%
$502,243
$502.2K
Cap Rate 9%
$390,633
$390.6K
Market Conditions
NOI Build-Up for 2,394 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
$53.1K $22.20/SF
− Vacancy
−$2.9K −$1.22/SF
EGI
$50.2K $20.98/SF
− OpEx
−$15.1K −$6.29/SF
NOI
$35.2K $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%
$703,140
Cap Rate 7%
$502,243
Cap Rate 9%
$390,633
Alternative Uses
Best Use
Multifamily LT 5
$502.2K
$439.5K – $586.0K
NOI $35,157 @ 7.0% cap · market cap 8.20%
Second Best
Apartment 5plus
$439.6K
$384.6K – $512.9K
NOI $30,771 @ 7.0% cap · market cap 7.17%
Theoretical Best
Specialty Retail
$650.1K
$568.8K – $758.4K
NOI $45,505 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units offer distinct bathroom layouts, accessible entry features, fenced outdoor space, and multiple storage areas.
Where is this duplex located?
The property is located at 1415 Demeure Pl Anchorage, AK.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Two 2‑bedroom units within a 2,394‑square‑foot duplex; Lower unit has 2 bathrooms; upper unit has 1 bathroom; Front‑entry ramp and large deck provide handicap accessible features
