Duplex with Attached
2787 S Althea Street, Wasilla, AK 99654
For Sale
New
$540,000
Pending
Both residences have separate entries, washer and dryer sets, and individual gas meters.
Property Size2,054 SF
Lot Size5.00 Acres
Days on Market5
Property Features for 2787 S Althea Street
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Utilities to Site
Amenities
washer/dryer
garage
fenced back yard
Laminate
3
4
Bluff,Level,Gentle Sloping
5
8
888-572-8920
Previous Appraisal
Attached,Heated Garage
Dirt,Paved
Block
Dedicated Road
2054
1
Building Details
Building Size
Year Built
Listing Agency:
(907) 312-2438
Listed By:
Ryan Cardoza
Source:
Svrealtyak
Added: Nov 10
Changed: Nov 13
Last Checked: Nov 13 at 2:31AM
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 Ryan Cardoza
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Set on 5 acres at 2787 S Althea Street in Wasilla, this duplex was built in 1976. The property includes an attached, heated garage serving the owners’ unit and a fenced backyard. A metal roof and views are also noted.
Each residence has its own entrance and washer and dryer. Gas service is metered separately for the units, while electric service is shared.
Each residence has its own entrance and washer and dryer. Gas service is metered separately for the units, while electric service is shared.
Key Highlights
- 5‑acre duplex property in Wasilla
- Separate entrance for each residence
- Washer and dryer in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,187
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$543,740
$543.7K
Cap Rate 7%
$388,386
$388.4K
Cap Rate 9%
$302,078
$302.1K
Market Conditions
NOI Build-Up for 2,054 SF
Gross rent
$40.7K $19.80/SF
− Vacancy
−$1.8K −$0.89/SF
EGI
$38.8K $18.91/SF
− OpEx
−$11.7K −$5.67/SF
NOI
$27.2K $13.24/SF
Area
Matanuska-Susitna County, AK
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$543,740
Cap Rate 7%
$388,386
Cap Rate 9%
$302,078
Alternative Uses
Best Use
Multifamily LT 5
$388.4K
$339.8K – $453.1K
NOI $27,187 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$345.2K
$302.0K – $402.7K
NOI $24,161 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$566.2K
$495.4K – $660.6K
NOI $39,634 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Demographics for 99654, AK
40,726
Population
17,006
Households
2.4
Avg Household Size
35
Median Age
24%
College-Educated
95%
High-School Grad
113.6 sq mi
ZIP Area
359
Density / Sq Mi
$93,739
Median Household Income
$53,748
Median Earnings
$1,233
Median Rent
$342,200
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
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have separate entries, washer and dryer sets, and individual gas meters.
Where is this duplex located?
The property is located at 2787 S Althea Street Wasilla, AK.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: 5‑acre duplex property in Wasilla; Separate entrance for each residence; Washer and dryer in each unit
