Duplex with In-Unit
For Sale
$585,000
1633 Northwestern Ave, Anchorage, AK 99508
Two residential units offer open layouts, private laundry, and attached one-car garages.
Property Size2,302 SF
Price / SF$254.13
Days on Market65
Property Features for 1633 Northwestern Ave
General Information
Standard status
Active
Size
2,302 SF
Property subtype
Multi-Family
Building Details
Year Built
1969
Listing Agency:
Real Broker Alaska
Listed By:
Yvan C Corbin
(855) 450-0442
Source:
Seehomesinalaska
Added: Aug 12
Changed: Oct 10
Last Checked: Oct 12 at 8:09PM
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 Real Broker Alaska
Investment Insights
Based on property information with market context.
Built in 1969, this 2,302-square-foot duplex contains two residential units with practical layouts and well-maintained interiors. Each unit includes an open-concept living area, 3 bedrooms, 1 full bathroom, in-unit laundry, and a 1-car garage. The configuration supports both owner occupancy with rental income from the second unit and continued use as a fully income-producing property.
The property is located near the university, shopping, hospitals, and everyday amenities. The owners report a rental history with no difficulty renting either unit, providing documented operating context for prospective buyers evaluating the duplex as a residential income property.
The property is located near the university, shopping, hospitals, and everyday amenities. The owners report a rental history with no difficulty renting either unit, providing documented operating context for prospective buyers evaluating the duplex as a residential income property.
Key Highlights
- 2,302‑square‑foot duplex built in 1969
- Each unit includes 3 bedrooms and 1 full bathroom
- Open‑concept living areas in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,806
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$676,120
$676.1K
Cap Rate 7%
$482,943
$482.9K
Cap Rate 9%
$375,622
$375.6K
Market Conditions
NOI Build-Up for 2,302 SF
Gross rent
$51.1K $22.20/SF
− Vacancy
−$2.8K −$1.22/SF
EGI
$48.3K $20.98/SF
− OpEx
−$14.5K −$6.29/SF
NOI
$33.8K $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%
$676,120
Cap Rate 7%
$482,943
Cap Rate 9%
$375,622
Alternative Uses
Best Use
Multifamily LT 5
$482.9K
$422.6K – $563.4K
NOI $33,806 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$422.7K
$369.9K – $493.2K
NOI $29,589 @ 7.0% cap · market cap 5.06%
Theoretical Best
Specialty Retail
$625.1K
$547.0K – $729.3K
NOI $43,756 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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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
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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?
Duplex - Two residential units offer open layouts, private laundry, and attached one-car garages.
Where is this duplex located?
The property is located at 1633 Northwestern Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 2,302‑square‑foot duplex built in 1969; Each unit includes 3 bedrooms and 1 full bathroom; Open‑concept living areas in both units
