Townhouse-Style
For Sale
$485,000
3130 W 62nd Ave, Anchorage, AK 99502
Fully occupied two-unit property with private laundry, porches, storage, and tenant-paid gas and electric.
Property Size2,496 SF
Price / SF$194.31
Days on Market15
Property Features for 3130 W 62nd Ave
General Information
Standard status
Active
Size
2,496 SF
Total Parking Spaces
2
Property subtype
Residential Income
Occupancy
100%
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$7,472
Building Details
Tenancy
Multi
Abandoned
No
Listing Agency:
Buyers Real Estate, LLC
(907) 561-2227
Listed By:
Ayla L King
(907) 561-2227
Source:
Exprealty
Added: Jul 23
Changed: Aug 2
Last Checked: Aug 2 at 5:40AM
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
Investment Insights
Based on property information with market context.
This 2,496-square-foot duplex consists of two townhouse-style residences, each offering three bedrooms, one bathroom, a private washer and dryer, a porch, ample storage, and one carport space. The south-facing property sits within a fenced yard and includes an additional storage unit west of the building. Unit B received a full remodel within the last three years, while Unit A has had the same occupant for 24 years and requires TLC. The roof was replaced in 2020, and a leak reported in spring 2026 was inspected and repaired by a licensed roofer. Mansard-style siding needs repair or replacement, and the driveway is gravel.
The duplex is professionally managed and fully occupied under month-to-month leases. Utilities are divided, with tenants responsible for gas and electric; water is billed at a flat rate. A pre-sale inspection was completed in May '26, several health, life, and safety items have been addressed, and the exterior was painted in July '26. Reports and receipts are available for buyer review.
The duplex is professionally managed and fully occupied under month-to-month leases. Utilities are divided, with tenants responsible for gas and electric; water is billed at a flat rate. A pre-sale inspection was completed in May '26, several health, life, and safety items have been addressed, and the exterior was painted in July '26. Reports and receipts are available for buyer review.
Key Highlights
- 2,496 SF townhouse‑style duplex with two 3‑bed/1‑bath residences
- Each unit includes 1 carport space, private WD, private porch, and storage
- Fully occupied and professionally managed with month‑to‑month leases
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,655
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$733,100
$733.1K
Cap Rate 7%
$523,643
$523.6K
Cap Rate 9%
$407,278
$407.3K
Market Conditions
NOI Build-Up for 2,496 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$55.4K $22.20/SF
− Vacancy
−$3.0K −$1.22/SF
EGI
$52.4K $20.98/SF
− OpEx
−$15.7K −$6.29/SF
NOI
$36.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$733,100
Cap Rate 7%
$523,643
Cap Rate 9%
$407,278
Alternative Uses
Best Use
Multifamily LT 5
$523.6K
$458.2K – $610.9K
NOI $36,655 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$458.3K
$401.0K – $534.7K
NOI $32,082 @ 7.0% cap · market cap 6.61%
Theoretical Best
Specialty Retail
$677.8K
$593.1K – $790.7K
NOI $47,444 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Demographics for 99502, AK
24,183
Population
9,931
Households
2.4
Avg Household Size
37
Median Age
37%
College-Educated
96%
High-School Grad
17.6 sq mi
ZIP Area
1,374
Density / Sq Mi
$118,494
Median Household Income
$56,190
Median Earnings
$1,661
Median Rent
$408,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied two-unit property with private laundry, porches, storage, and tenant-paid gas and electric.
Where is this duplex located?
The property is located at 3130 W 62nd Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 2,496 SF townhouse‑style duplex with two 3‑bed/1‑bath residences; Each unit includes 1 carport space, private WD, private porch, and storage; Fully occupied and professionally managed with month‑to‑month leases
