Log Duplex with Attached
New
For Sale
$639,900
17340 Monte Rd, Eagle River, AK 99577
Income-producing residential property with a main home, separate apartment entrance, private laundry, and outdoor living areas.
Property Size2,500 SF
Price / SF$255.96
Days on Market3
Property Features for 17340 Monte Rd
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Multi-Family
Units
Unit Mix
3BR/2BA, 1BR/1BA
Multifamily Units
2
Amenities
covered front porch
large sun-soaked rear deck
established yard
two sheds
private entrance
laundry
Building Details
Year Built
1979
Buildings
1
Construction
log home
Listing Agency:
Keller Williams Realty Alaska Group of Wasilla
Listed By:
Cora Carleson · License #14430
(907) 864-6500
Source:
Seehomesinalaska
Added: Sep 1
Changed: Sep 3
Last Checked: Sep 3 at 2:18AM
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 Keller Williams Realty Alaska Group of Wasilla
Investment Insights
Based on property information with market context.
This duplex property combines a 3-bedroom, 2-bath log home with an attached 1-bedroom, 1-bath apartment/ADU. The secondary unit has its own entrance and laundry, creating a distinct living arrangement within the approximately 2,500-square-foot property. The main residence includes a single-car garage, a covered front porch, and a rear deck, while the grounds feature mature trees, an established yard, and two sheds.
Set on over an acre at 17340 Monte Rd in Eagle River, the property offers winter views toward Denali and Susitna. It is close to town and near Jitters coffee shop. Built in 1979, the property provides a residential income configuration with substantial outdoor space and separate apartment access.
Set on over an acre at 17340 Monte Rd in Eagle River, the property offers winter views toward Denali and Susitna. It is close to town and near Jitters coffee shop. Built in 1979, the property provides a residential income configuration with substantial outdoor space and separate apartment access.
Key Highlights
- 3‑bedroom, 2‑bath log home with attached 1‑bedroom, 1‑bath apartment/ADU
- Apartment/ADU includes a private entrance and laundry
- Set on over an acre with mature trees and an established yard
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
$27,111
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
4.24%
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%
$542,220
$542.2K
Cap Rate 7%
$387,300
$387.3K
Cap Rate 9%
$301,233
$301.2K
Market Conditions
NOI Build-Up for 2,500 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
$40.5K $16.20/SF
− Vacancy
−$1.8K −$0.71/SF
EGI
$38.7K $15.49/SF
− OpEx
−$11.6K −$4.65/SF
NOI
$27.1K $10.84/SF
Area
Anchorage County, AK
Vacancy
4.37%
Lease Rate
$16.20 /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%
$542,220
Cap Rate 7%
$387,300
Cap Rate 9%
$301,233
Alternative Uses
Best Use
Multifamily LT 5
$387.3K
$338.9K – $451.9K
NOI $27,111 @ 7.0% cap · market cap 4.24%
Second Best
Apartment 5plus
$357.5K
$312.9K – $417.1K
NOI $25,028 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$654.7K
$572.9K – $763.8K
NOI $45,830 @ 7.0% cap · market cap 7.16%
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 99577, AK
26,947
Population
10,854
Households
2.5
Avg Household Size
35
Median Age
46%
College-Educated
96%
High-School Grad
287.2 sq mi
ZIP Area
94
Density / Sq Mi
$135,011
Median Household Income
$62,137
Median Earnings
$1,709
Median Rent
$413,400
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 - Income-producing residential property with a main home, separate apartment entrance, private laundry, and outdoor living areas.
Where is this duplex located?
The property is located at 17340 Monte Rd Eagle River, AK.
What is the asking price?
The asking price for this property is $639,900.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath log home with attached 1‑bedroom, 1‑bath apartment/ADU; Apartment/ADU includes a private entrance and laundry; Set on over an acre with mature trees and an established yard
