Three-Level Furnished Apartment
3104 Eide St, Anchorage, AK 99503
For Sale
$1,525,000
Furnished accommodations include one-bedroom units and rooming-house rooms with shared bathrooms.
Property Size7,560 SF
Price / SF$201.72
Days on Market159
Property Features for 3104 Eide St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Furnished
Taxes and HOA fees
Annual Taxes
Amenities
laundry room
Building Details
Buildings
Stories
Listing Agency:
Real Broker Alaska
(855) 450-0442
Listed By:
Rene' C Kennicott
(907) 229-8993
Source:
Exprealty
Added: Jun 8
Changed: Nov 12
Last Checked: Nov 12 at 12:51PM
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 Real Broker Alaska
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Investment Insights
Based on property information with market context.
This three-level apartment building contains 7,560 square feet and combines conventional apartment units with rooming-house accommodations. The upper floors include 10 furnished one-bedroom units, while the lower level provides five furnished bedrooms, common bathrooms, a utility room, and laundry facilities. The property is also furnished throughout and includes off-street parking plus a designated area for snow storage.
Licensed and certified as a rooming or boarding house, the building permits daily rentals and can function in a hotel or hostel format. The lower level meets assisted living home standards, adding another documented operating configuration. Located at 3104 Eide St in Anchorage, the property offers multiple furnished accommodation formats within one building.
Licensed and certified as a rooming or boarding house, the building permits daily rentals and can function in a hotel or hostel format. The lower level meets assisted living home standards, adding another documented operating configuration. Located at 3104 Eide St in Anchorage, the property offers multiple furnished accommodation formats within one building.
Key Highlights
- 7,560‑square‑foot, three‑level apartment building
- 10 furnished one‑bedroom units on the upper levels
- Lower level includes 5 bedrooms, common bathrooms, utility room, and laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,172
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,943,440
$1.9M
Cap Rate 7%
$1,388,171
$1.4M
Cap Rate 9%
$1,079,689
$1.1M
Market Conditions
NOI Build-Up for 7,560 SF
Gross rent
$186.0K $24.60/SF
− Vacancy
−$9.3K −$1.23/SF
EGI
$176.7K $23.37/SF
− OpEx
−$79.5K −$10.52/SF
NOI
$97.2K $12.85/SF
Area
Anchorage, AK
Vacancy
5.00%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,943,440
Cap Rate 7%
$1,388,171
Cap Rate 9%
$1,079,689
Alternative Uses
Best Use
Apartment 5plus
$1.39M
$1.21M – $1.62M
NOI $97,172 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.05M
$1.80M – $2.40M
NOI $143,700 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
10
Residential units
Location Intelligence
Demographics for 99503, AK
13,550
Population
7,411
Households
1.8
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
20.7 sq mi
ZIP Area
655
Density / Sq Mi
$76,888
Median Household Income
$46,734
Median Earnings
$1,185
Median Rent
$316,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Furnished accommodations include one-bedroom units and rooming-house rooms with shared bathrooms.
Where is this apartment building located?
The property is located at 3104 Eide St Anchorage, AK.
What is the asking price?
The asking price for this property is $1,525,000.
What are key features of this property?
This property features: 7,560‑square‑foot, three‑level apartment building; 10 furnished one‑bedroom units on the upper levels; Lower level includes 5 bedrooms, common bathrooms, utility room, and laundry room
