Four-Unit Multifamily
340 E 45th Ave, Anchorage, AK 99503
For Sale
$710,000
Residents have access to a spacious backyard and coin-operated laundry on site.
Property Size3,696 SF
Price / SF$192.10
Days on Market40
Property Features for 340 E 45th Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
coin-op laundry
large backyard
Listing Agency:
Keller Williams Realty Alaska Group
(907) 865-6500
Listed By:
Krystal Holmes
(907) 351-9644
Source:
Exprealty
Added: Oct 2
Changed: Nov 8
Last Checked: Nov 8 at 6:51AM
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
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Investment Insights
Based on property information with market context.
This four-unit multifamily property contains 3,696 square feet and includes coin-operated laundry and a large backyard for resident use. The laundry equipment also provides an additional income source.
The property is at 340 E 45th Ave in Anchorage, Alaska, in a central area described as Midtown. It has been professionally managed, with a history of straightforward leasing and low tenant turnover.
The property is at 340 E 45th Ave in Anchorage, Alaska, in a central area described as Midtown. It has been professionally managed, with a history of straightforward leasing and low tenant turnover.
Key Highlights
- Four rental units
- 3,696 square feet
- On‑site coin‑operated laundry provides additional income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,277
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,085,540
$1.1M
Cap Rate 7%
$775,386
$775.4K
Cap Rate 9%
$603,078
$603.1K
Market Conditions
NOI Build-Up for 3,696 SF
Gross rent
$82.1K $22.20/SF
− Vacancy
−$4.5K −$1.22/SF
EGI
$77.5K $20.98/SF
− OpEx
−$23.3K −$6.29/SF
NOI
$54.3K $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%
$1,085,540
Cap Rate 7%
$775,386
Cap Rate 9%
$603,078
Alternative Uses
Best Use
Multifamily LT 5
$775.4K
$678.5K – $904.6K
NOI $54,277 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$678.7K
$593.8K – $791.8K
NOI $47,507 @ 7.0% cap · market cap 6.69%
Theoretical Best
Specialty Retail
$1.00M
$878.2K – $1.17M
NOI $70,254 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
4
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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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 - Residents have access to a spacious backyard and coin-operated laundry on site.
Where is this quadplex located?
The property is located at 340 E 45th Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Four rental units; 3,696 square feet; On‑site coin‑operated laundry provides additional income
