Side-by-Side Townhouse
For Sale
$775,000
2382 E 64th Ave, Anchorage, AK 99507
Two townhouse-style units combine private outdoor space, attached garages, and modern interior finishes.
Property Size3,036 SF
Price / SF$255.27
Days on Market12
Property Features for 2382 E 64th Ave
General Information
Standard status
Active
Size
3,036 SF
Total Parking Spaces
4
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$10,372
Amenities
vaulted ceilings
tall kitchen cabinetry
stainless steel appliances
natural gas fireplace
fully fenced backyard
large back deck
Building Details
Year Built
2015
Buildings
1
Listing Agency:
RMG Real Estate Valley Office
(907) 280-7242
Listed By:
Jay Bruzas · License #19000
(907) 280-7242
Source:
Exprealty
Added: Jul 31
Changed: Aug 8
Last Checked: Aug 10 at 7:11AM
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 RMG Real Estate Valley Office
Investment Insights
Based on property information with market context.
Constructed in 2015, this 3,036-square-foot duplex is arranged as two side-by-side townhouse-style residences. Each unit includes three bedrooms, 2.5 bathrooms, an attached two-car garage, vaulted ceilings, tall kitchen cabinetry, stainless steel appliances, and a natural gas fireplace. The layout provides the scale and functionality associated with a single-family home while maintaining a two-unit configuration.
Both residences offer access to a fully fenced backyard with a large deck, providing private exterior space for outdoor use and entertaining. The property is located at 2382 E 64th Ave in Anchorage, Alaska.
Both residences offer access to a fully fenced backyard with a large deck, providing private exterior space for outdoor use and entertaining. The property is located at 2382 E 64th Ave in Anchorage, Alaska.
Key Highlights
- 3,036 SF duplex built in 2015
- Two side‑by‑side townhouse‑style units
- Each unit has 3 bedrooms and 2.5 bathrooms
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
$44,585
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
5.75%
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%
$891,700
$891.7K
Cap Rate 7%
$636,929
$636.9K
Cap Rate 9%
$495,389
$495.4K
Market Conditions
NOI Build-Up for 3,036 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
$67.4K $22.20/SF
− Vacancy
−$3.7K −$1.22/SF
EGI
$63.7K $20.98/SF
− OpEx
−$19.1K −$6.29/SF
NOI
$44.6K $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 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%
$891,700
Cap Rate 7%
$636,929
Cap Rate 9%
$495,389
Alternative Uses
Best Use
Multifamily LT 5
$636.9K
$557.3K – $743.1K
NOI $44,585 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$557.5K
$487.8K – $650.4K
NOI $39,023 @ 7.0% cap · market cap 5.04%
Theoretical Best
Specialty Retail
$824.4K
$721.4K – $961.8K
NOI $57,708 @ 7.0% cap · market cap 7.45%
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 99507, AK
38,199
Population
14,552
Households
2.6
Avg Household Size
36
Median Age
38%
College-Educated
95%
High-School Grad
47.3 sq mi
ZIP Area
808
Density / Sq Mi
$107,347
Median Household Income
$55,197
Median Earnings
$1,546
Median Rent
$371,200
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 - Two townhouse-style units combine private outdoor space, attached garages, and modern interior finishes.
Where is this duplex located?
The property is located at 2382 E 64th Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 3,036 SF duplex built in 2015; Two side‑by‑side townhouse‑style units; Each unit has 3 bedrooms and 2.5 bathrooms
