Duplex with Rooftop
3207 Greenland Dr, Anchorage, AK 99517
For Sale
$567,000
Two distinct living units have separate entrances, with Unit B also offering access to a patio above the garage.
Property Size3,006 SF
Price / SF$188.62
Days on Market16
Property Features for 3207 Greenland Dr
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Road Access
Additional Details
Multifamily Units
Amenities
rooftop patio
gym area
Building Details
Year Built
Listing Agency:
Keller Williams Realty Alaska Group of Eagle River
Listed By:
Erica Thynes · License AK #18211
(907) 982-9676
Source:
Seehomesinalaska
Added: Oct 29
Changed: Nov 12
Last Checked: Nov 8 at 4:37AM
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 Keller Williams Realty Alaska Group of Eagle River
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Investment Insights
Based on property information with market context.
Configured as a duplex, the 3,006-square-foot property contains two units with independent entrances. Unit A includes living and family rooms, a kitchen, dining area, flex room, half bath and laundry, plus three upstairs bedrooms and a full bath. Unit B has one bedroom, a kitchen adjoining its living area, a bathroom and laundry room. Its stairs lead to a rooftop patio above the garage.
The garage has been converted to gym space and includes a bathroom. An unfinished basement with tall ceilings can be reached from inside or through an exterior bulkhead door; it also has a bathroom and laundry hookups.
The garage has been converted to gym space and includes a bathroom. An unfinished basement with tall ceilings can be reached from inside or through an exterior bulkhead door; it also has a bathroom and laundry hookups.
Key Highlights
- 3,006‑square‑foot duplex with separate entrances for both units
- Unit A has three upstairs bedrooms, a flex room, living room, family room and dining area
- Unit B includes one bedroom and stair access to a rooftop patio above the garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,144
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,880
$882.9K
Cap Rate 7%
$630,629
$630.6K
Cap Rate 9%
$490,489
$490.5K
Market Conditions
NOI Build-Up for 3,006 SF
Gross rent
$66.7K $22.20/SF
− Vacancy
−$3.7K −$1.22/SF
EGI
$63.1K $20.98/SF
− OpEx
−$18.9K −$6.29/SF
NOI
$44.1K $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%
$882,880
Cap Rate 7%
$630,629
Cap Rate 9%
$490,489
Alternative Uses
Best Use
Multifamily LT 5
$630.6K
$551.8K – $735.7K
NOI $44,144 @ 7.0% cap · market cap 7.79%
Second Best
Apartment 5plus
$552.0K
$483.0K – $644.0K
NOI $38,638 @ 7.0% cap · market cap 6.81%
Theoretical Best
Specialty Retail
$816.3K
$714.2K – $952.3K
NOI $57,138 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
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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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?
Duplex - Two distinct living units have separate entrances, with Unit B also offering access to a patio above the garage.
Where is this duplex located?
The property is located at 3207 Greenland Dr Anchorage, AK.
What is the asking price?
The asking price for this property is $567,000.
What are key features of this property?
This property features: 3,006‑square‑foot duplex with separate entrances for both units; Unit A has three upstairs bedrooms, a flex room, living room, family room and dining area; Unit B includes one bedroom and stair access to a rooftop patio above the garage
