Duplex With Heated
New
For Sale
$609,000
14231 Sunview Drive, Anchorage, AK 99515
Multi-Family, Anchorage, AK
Property Size2,562 SF
Lot Size0.36 Acres
Price / SF$237.70
Days on Market1
Property Features for 14231 Sunview Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2A - Two Family Resident
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Rooms
Dining Room, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 5
Parking features
Tuck Under, Heated
Elementary school
Rabbit Creek
Middle school
Goldenview
High school
South Anchorage
Directions
Old Seward Highway past Dearmoun Road. Turn left onto Sunview Drive. Property is on the left; sign posted.
Subdivision
1A - Anchorage Municipality
Standard status
Active
APN
0182014200001
Size
2,562 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Description
Sunset Hills L31 BB
Legal Description
Sunset Hills L31 BB
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas, Forced Air
Water source
Well
Amenities
deck
shed
fenced area
raspberry bushes
Building Details
Year built
1972
Number of units
2
Listing Agency:
Berkshire Hathaway HomeServices Alaska Realty
(907) 646-3600
Listed By:
Tamara J Garner · License #155781
(907) 341-7022
Added: Sep 4
Last Checked: Sep 4 at 2:06PM
MLS# 26-11427
Copyright © 2026 Alaska Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,562-square-foot duplex at 14231 Sunview Drive contains two separate living units. The upper residence includes 2 bedrooms, 2 bathrooms, a family room, attached garage, and oversized deck. The lower residence has 3 bedrooms, 1 full bathroom, a separate entrance, and access to the carport. Built in 1972, the property has natural gas forced-air heating, heated tuck-under parking, a well, and septic service.
The 15,500-square-foot lot, or 0.36 acres, includes established raspberry bushes, a large shed, and a fenced area suitable for a dog run or gardening. Recent property updates include a new furnace and hot water heater installed in January 2026. COSA approval and the well/water inspection are complete. The property is located in South Anchorage within the 99515 postal area and is zoned R2A - Two Family Resident.
The 15,500-square-foot lot, or 0.36 acres, includes established raspberry bushes, a large shed, and a fenced area suitable for a dog run or gardening. Recent property updates include a new furnace and hot water heater installed in January 2026. COSA approval and the well/water inspection are complete. The property is located in South Anchorage within the 99515 postal area and is zoned R2A - Two Family Resident.
Key Highlights
- Two separate units totaling 2,562 SF
- Upper unit: 2 bedrooms, 2 bathrooms, family room, attached garage, and oversized deck
- Lower unit: 3 bedrooms, 1 full bathroom, separate entrance, and carport access
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
$37,624
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
6.18%
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%
$752,480
$752.5K
Cap Rate 7%
$537,486
$537.5K
Cap Rate 9%
$418,044
$418.0K
Market Conditions
NOI Build-Up for 2,562 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
$56.9K $22.20/SF
− Vacancy
−$3.1K −$1.22/SF
EGI
$53.7K $20.98/SF
− OpEx
−$16.1K −$6.29/SF
NOI
$37.6K $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%
$752,480
Cap Rate 7%
$537,486
Cap Rate 9%
$418,044
Alternative Uses
Best Use
Multifamily LT 5
$537.5K
$470.3K – $627.1K
NOI $37,624 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$470.4K
$411.6K – $548.9K
NOI $32,931 @ 7.0% cap · market cap 5.41%
Theoretical Best
Specialty Retail
$695.7K
$608.7K – $811.6K
NOI $48,698 @ 7.0% cap · market cap 8.00%
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 99515, AK
22,532
Population
8,137
Households
2.8
Avg Household Size
37
Median Age
41%
College-Educated
95%
High-School Grad
10.6 sq mi
ZIP Area
2,126
Density / Sq Mi
$112,445
Median Household Income
$55,657
Median Earnings
$1,716
Median Rent
$400,500
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 - Two-unit property in South Anchorage with separate entrances, outdoor space, and R2A - Two Family Resident zoning.
Where is this duplex located?
The property is located at 14231 Sunview Drive Anchorage, AK.
What is the asking price?
The asking price for this property is $609,000.
What are key features of this property?
This property features: Two separate units totaling 2,562 SF; Upper unit: 2 bedrooms, 2 bathrooms, family room, attached garage, and oversized deck; Lower unit: 3 bedrooms, 1 full bathroom, separate entrance, and carport access
