4-Unit Multifamily
2706 Collie Hill Way, Anchorage, AK 99504
For Sale
$1,019,000
Multi-Family, Anchorage, AK
Property Size6,048 SF
Lot Size0.28 Acres
Price / SF$168.49
Days on Market66
Property Features for 2706 Collie Hill Way
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Half bathrooms
Rooms
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Building Details
Year built
Number of units
Listing Agency:
Berkshire Hathaway HomeServices Alaska Realty
Listed By:
Anita Bates · License AK #3788
(907) 646-3600
Added: Sep 10
Changed: Nov 13
Last Checked: Nov 14 at 12:06AM
MLS# 26-11742
Copyright © 2026 Alaska Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The four-unit property contains 6,048 square feet and was built in 1981. The 0.28-acre parcel is zoned R2M - Multi Family Reside and served by public sewer.
One unit is scheduled to become available on December 1, 2026. Two tenancies are month-to-month, and tenants pay their own electric service.
One unit is scheduled to become available on December 1, 2026. Two tenancies are month-to-month, and tenants pay their own electric service.
Key Highlights
- Four‑unit multifamily property
- 6,048 square feet of building area
- 0.28‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,817
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,776,340
$1.8M
Cap Rate 7%
$1,268,814
$1.3M
Cap Rate 9%
$986,856
$986.9K
Market Conditions
NOI Build-Up for 6,048 SF
Gross rent
$134.3K $22.20/SF
− Vacancy
−$7.4K −$1.22/SF
EGI
$126.9K $20.98/SF
− OpEx
−$38.1K −$6.29/SF
NOI
$88.8K $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%
$1,776,340
Cap Rate 7%
$1,268,814
Cap Rate 9%
$986,856
Alternative Uses
Best Use
Multifamily LT 5
$1.27M
$1.11M – $1.48M
NOI $88,817 @ 7.0% cap · market cap 8.72%
Second Best
Apartment 5plus
$1.11M
$971.7K – $1.30M
NOI $77,738 @ 7.0% cap · market cap 7.63%
Theoretical Best
Specialty Retail
$1.64M
$1.44M – $1.92M
NOI $114,960 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Demographics for 99504, AK
42,375
Population
17,720
Households
2.4
Avg Household Size
34
Median Age
31%
College-Educated
91%
High-School Grad
36.8 sq mi
ZIP Area
1,151
Density / Sq Mi
$83,338
Median Household Income
$46,883
Median Earnings
$1,529
Median Rent
$309,200
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
Frequently Asked Questions
What type of property is this?
Quadplex - One residence is scheduled to become available on December 1, 2026.
Where is this quadplex located?
The property is located at 2706 Collie Hill Way Anchorage, AK.
What is the asking price?
The asking price for this property is $1,019,000.
What are key features of this property?
This property features: Four‑unit multifamily property; 6,048 square feet of building area; 0.28‑acre parcel
