Duplex with Lower-Level
2407 E 50th Avenue, Anchorage, AK 99507
For Sale
$389,900
Pending
Each residence has its own laundry area.
Property Size1,295 SF
Days on Market13
Property Features for 2407 E 50th Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
laundry in units
storage area
Building Details
Building Size
Year Built
Listing Agency:
Buyers Real Estate, LLC
Listed By:
Michael K Linn
(907) 223-9748
Source:
Keiradrehergroup.kw
Added: Nov 1
Changed: Nov 12
Last Checked: Nov 12 at 4:18AM
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 Buyers Real Estate, LLC
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Investment Insights
Based on property information with market context.
This 1,295-square-foot duplex has two residences: an upper unit with 2 bedrooms and 1 bathroom, and a lower unit with 1 bedroom and 1 bathroom. A bonus room in the upper residence offers space that could function as a third bedroom. Both units include laundry, and additional storage is located beneath the building.
Key Highlights
- 1,295‑square‑foot duplex
- Upper residence has 2 bedrooms, 1 bathroom, and a bonus room with potential for a third bedroom
- Lower residence offers 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,017
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,340
$380.3K
Cap Rate 7%
$271,671
$271.7K
Cap Rate 9%
$211,300
$211.3K
Market Conditions
NOI Build-Up for 1,295 SF
Gross rent
$28.7K $22.20/SF
− Vacancy
−$1.6K −$1.22/SF
EGI
$27.2K $20.98/SF
− OpEx
−$8.2K −$6.29/SF
NOI
$19.0K $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%
$380,340
Cap Rate 7%
$271,671
Cap Rate 9%
$211,300
Alternative Uses
Best Use
Multifamily LT 5
$271.7K
$237.7K – $317.0K
NOI $19,017 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$237.8K
$208.1K – $277.4K
NOI $16,645 @ 7.0% cap · market cap 4.27%
Theoretical Best
Specialty Retail
$351.6K
$307.7K – $410.3K
NOI $24,615 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own laundry area.
Where is this duplex located?
The property is located at 2407 E 50th Avenue Anchorage, AK.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: 1,295‑square‑foot duplex; Upper residence has 2 bedrooms, 1 bathroom, and a bonus room with potential for a third bedroom; Lower residence offers 1 bedroom and 1 bathroom
