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Fully Rented Six-Unit Apartment Building

216 N Flower St, Anchorage, AK 99508

For Sale
$599,000
Pending

Each apartment includes laundry, with shared gas-boiler heating and separately metered electric service.

Property Size5,948 SF
Days on Market146

Property Features for 216 N Flower St

General Information

Standard status Pending
Size 5,948 SF
Property subtype Multi-Family
Occupancy 100%

Site & Location

Neighborhood Mountain View

Units

Unit Mix 6 x 2BR
Multifamily Units 6

Amenities

washer/dryer in unit

Building Details

Year Built 1983
Listing Agency: Herrington and Company, LLC
Listed By: Savanna Wiita · License AK #124031
Source: Seehomesinalaska
Added: Jun 22 Changed: Nov 11 Last Checked: Nov 10 at 11:53AM

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 Herrington and Company, LLC

Rey
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Investment Insights

Based on property information with market context.

This 5,948-square-foot apartment building contains six two-bedroom units and is fully rented. Each apartment includes a washer and dryer, while the property uses a common gas boiler for heating. Electric service is separately metered for every unit.

Located at 216 N Flower St in Anchorage, the property is offered with the option to acquire another six-plex at 133 N. Flower St across the street. The additional property may provide a way to assemble two nearby multifamily assets under common ownership.

Key Highlights

  • Fully rented six‑plex with six 2‑bedroom units
  • 5,948 SF apartment building
  • Washer and dryer included in each unit

Property Analytics

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Lease Details

6
Residential units
100%
Occupancy

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Each apartment includes laundry, with shared gas-boiler heating and separately metered electric service.
Where is this apartment building located?
The property is located at 216 N Flower St Anchorage, AK.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Fully rented six‑plex with six 2‑bedroom units; 5,948 SF apartment building; Washer and dryer included in each unit
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