Updated Four-Unit Apartment
New
For Sale
$730,000
168 Dean Pl, Anchorage, AK 99504
The unit mix includes three two-bedroom residences and one three-bedroom residence.
Property Size3,672 SF
Price / SF$198.80
Days on Market5
Property Features for 168 Dean Pl
General Information
Standard status
Active
Size
3,672 SF
Property subtype
Multi-Family
Units
Unit Mix
3 x 2BR, 1 x 3BR
Multifamily Units
4
Building Details
Year Built
1979
Buildings
1
Listing Agency:
RealtySimple
Listed By:
Daniel Potts · License #18270
(907) 322-3267
Source:
Sellingalaskaco
Added: Oct 4
Changed: Oct 6
Last Checked: Oct 7 at 1:36PM
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.
Built in 1979, this 3,672-square-foot four-unit property contains three two-bedroom apartments and one three-bedroom apartment. Interior work includes refreshed kitchens, paint, flooring, doors, and trim, along with a replacement front deck and walkway.
Building systems and site improvements include triple-pane vinyl windows, a newer boiler, foundation re-leveling, waterproofing, added insulation, and sump pump upgrades.
Building systems and site improvements include triple-pane vinyl windows, a newer boiler, foundation re-leveling, waterproofing, added insulation, and sump pump upgrades.
Key Highlights
- Four apartments: three two‑bedroom units and one three‑bedroom unit
- 3,672 square feet; built in 1979
- Triple‑pane vinyl windows and a newer boiler
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,924
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,078,480
$1.1M
Cap Rate 7%
$770,343
$770.3K
Cap Rate 9%
$599,156
$599.2K
Market Conditions
NOI Build-Up for 3,672 SF
Gross rent
$81.5K $22.20/SF
− Vacancy
−$4.5K −$1.22/SF
EGI
$77.0K $20.98/SF
− OpEx
−$23.1K −$6.29/SF
NOI
$53.9K $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%
$1,078,480
Cap Rate 7%
$770,343
Cap Rate 9%
$599,156
Alternative Uses
Best Use
Multifamily LT 5
$770.3K
$674.1K – $898.7K
NOI $53,924 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$674.3K
$590.0K – $786.6K
NOI $47,198 @ 7.0% cap · market cap 6.47%
Theoretical Best
Specialty Retail
$997.1K
$872.5K – $1.16M
NOI $69,797 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Demographics for 99504, AK
42,375
Population
17,720
Households
2.4
Avg Household Size
34
Median Age
31%
College-Educated
91%
High-School Grad
36.8 sq mi
ZIP Area
1,151
Density / Sq Mi
$83,338
Median Household Income
$46,883
Median Earnings
$1,529
Median Rent
$309,200
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
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Frequently Asked Questions
What type of property is this?
Quadplex - The unit mix includes three two-bedroom residences and one three-bedroom residence.
Where is this quadplex located?
The property is located at 168 Dean Pl Anchorage, AK.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Four apartments: three two‑bedroom units and one three‑bedroom unit; 3,672 square feet; built in 1979; Triple‑pane vinyl windows and a newer boiler
