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Multifamily Property Near Trail
For Sale
$399,900

2213 Eagle St, Anchorage, AK 99503

Built in 1959, the property benefits from city-water service, nearby public transportation, and direct access to Chester Park Trail.

Property Size2,340 SF
Lot Size0.26 Acres
Price / SF$170.90
Days on Market102

Property Features for 2213 Eagle St

General Information

Standard status Active
Size 2,340 SF
Lot size 0.26 Acres
Property subtype Multi-Family

Site & Location

Public Transit Yes
Utilities to Site Yes

Building Details

Year Built 1959
Listing Agency: Real Broker Alaska
Listed By: Bernard T Powell · License #17228
Source: Kristancole
Added: Jul 10 Changed: Oct 5 Last Checked: Oct 16 at 10:50AM

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

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Investment Insights

Based on property information with market context.

This multifamily property at 2213 Eagle Street in Anchorage sits on an 11,200-square-foot lot and was built in 1959. The property was upgraded to city water a few months ago.

Chester Park Trail is immediately accessible from the property, while public transportation is located nearby. The combination of an established multifamily asset, trail access, transit proximity, and city-water service defines the primary physical and location features.

Key Highlights

  • 11,200‑square‑foot lot
  • Built in 1959
  • Chester Park Trail immediately accessible from the property

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$30,077
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$601,540 $601.5K
Cap Rate 7%
$429,671 $429.7K
Cap Rate 9%
$334,189 $334.2K
Market Conditions
NOI Build-Up for 2,340 SF
Gross rent
$57.6K $24.60/SF
− Vacancy
−$2.9K −$1.23/SF
EGI
$54.7K $23.37/SF
− OpEx
−$24.6K −$10.52/SF
NOI
$30.1K $12.85/SF
Area
Anchorage, AK
Vacancy
5.00%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$601,540
Cap Rate 7%
$429,671
Cap Rate 9%
$334,189

Alternative Uses

Best Use
Apartment 5plus
$429.7K
$376.0K – $501.3K (±1% cap)
NOI $30,077 @ 7.0% cap · market cap 7.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$635.4K
$556.0K – $741.3K (±1% cap)
NOI $44,479 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Multifamily properties

Lease Details

Yes
Utilities to site

Location Intelligence

Demographics for 99503, AK

13,550
Population
7,411
Households
1.8
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
20.7 sq mi
ZIP Area
655
Density / Sq Mi
$76,888
Median Household Income
$46,734
Median Earnings
$1,185
Median Rent
$316,700
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

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

Frequently Asked Questions

What type of property is this?
Multifamily property - Built in 1959, the property benefits from city-water service, nearby public transportation, and direct access to Chester Park Trail.
Where is this multifamily property located?
The property is located at 2213 Eagle St Anchorage, AK.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 11,200‑square‑foot lot; Built in 1959; Chester Park Trail immediately accessible from the property
More about this property
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