Duplex with Separate
For Sale
$640,000
Pending
2506 W 34th Avenue, Anchorage, AK 99517
Two separately metered units support flexible owner-occupant and rental arrangements.
Property Size3,760 SF
Days on Market48
Property Features for 2506 W 34th Avenue
General Information
Standard status
Pending
Size
3,760 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Spenard
Units
Unit Mix
1 x 4BR/3BA, 1 x 1BR/2BA
Multifamily Units
2
Amenities
decks
storage
attached garage
backyard
Building Details
Building Size
3,760 SF
Year Built
1972
Buildings
1
Listing Agency:
KW Regal North Commercial
Listed By:
Joseph E Lumpkin · License #17281
(907) 244-6703
Source:
Keiradrehergroup.kw
Added: Sep 8
Changed: Oct 1
Last Checked: Oct 24 at 1:48PM
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 KW Regal North Commercial
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Investment Insights
Based on property information with market context.
Built in 1972, this duplex includes a four-bedroom, three-bath main residence and an approximately 1,486-square-foot lower-level unit. The secondary unit provides one bedroom, two full baths, a full kitchen, and private laundry, creating distinct living spaces within the property. Expansive decks, substantial storage, an oversized attached garage, and a large backyard add to the physical features. Recent improvements include upstairs carpeting, appliances, a newer furnace, and new water heaters.
The property adjoins Fish Creek Trail and offers separately metered units. Its configuration supports living in one residence while renting the other, with long- or short-term rental use identified as potential operating options.
The property adjoins Fish Creek Trail and offers separately metered units. Its configuration supports living in one residence while renting the other, with long- or short-term rental use identified as potential operating options.
Key Highlights
- Main unit offers 4 bedrooms and 3 full baths
- Approximately 1,486 SF lower‑level unit with 1 bedroom and 2 full baths
- Lower unit includes a full kitchen and private laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,217
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,104,340
$1.1M
Cap Rate 7%
$788,814
$788.8K
Cap Rate 9%
$613,522
$613.5K
Market Conditions
NOI Build-Up for 3,760 SF
Gross rent
$83.5K $22.20/SF
− Vacancy
−$4.6K −$1.22/SF
EGI
$78.9K $20.98/SF
− OpEx
−$23.7K −$6.29/SF
NOI
$55.2K $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%
$1,104,340
Cap Rate 7%
$788,814
Cap Rate 9%
$613,522
Alternative Uses
Best Use
Multifamily LT 5
$788.8K
$690.2K – $920.3K
NOI $55,217 @ 7.0% cap · market cap 8.63%
Second Best
Apartment 5plus
$690.4K
$604.1K – $805.5K
NOI $48,329 @ 7.0% cap · market cap 7.55%
Theoretical Best
Specialty Retail
$1.02M
$893.4K – $1.19M
NOI $71,470 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Demographics for 99517, AK
16,307
Population
7,718
Households
2.1
Avg Household Size
39
Median Age
40%
College-Educated
95%
High-School Grad
3.2 sq mi
ZIP Area
5,096
Density / Sq Mi
$99,307
Median Household Income
$57,466
Median Earnings
$1,364
Median Rent
$365,300
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 - Two separately metered units support flexible owner-occupant and rental arrangements.
Where is this duplex located?
The property is located at 2506 W 34th Avenue Anchorage, AK.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Main unit offers 4 bedrooms and 3 full baths; Approximately 1,486 SF lower‑level unit with 1 bedroom and 2 full baths; Lower unit includes a full kitchen and private laundry
