Side-by-Side Duplex with Heated
New
For Sale
$749,000
Pending
3622 W 41st Avenue, Anchorage, AK 99517
Multi-Family, Anchorage, AK
Property Size3,224 SF
Lot Size0.40 Acres
Days on Market7
Property Features for 3622 W 41st Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2A - Two Family Resident
Bedrooms
6
Bathrooms
5
Full bathrooms
4
Half bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 4, Bedroom 5, Bedroom 1, Bedroom 6, Bathroom 5, Bathroom 6, Bathroom 2, Bathroom 3
Elementary school
Lake Hood
Middle school
Romig
High school
West Anchorage
Directions
Follow Spenard until it becomes Lakeshore and turn right onto Wisconsin, left onto W 40th, right on Beechcraft, and left onto W 41st. It is the 2nd house on the right.
Subdivision
1A - Anchorage Municipality
Standard status
Pending
APN
0101830800001
Size
3,224 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Description
Aero Acres L5 B6
Legal Description
Aero Acres L5 B6
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Amenities
fireplace
deck
cathedral ceilings
heated garage
Building Details
Year built
1985
Number of units
2
Listing Agency:
Berkshire Hathaway HomeServices Alaska Realty
(907) 646-3600
Listed By:
Connie Yoshimura · License #4562
(907) 646-3670
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 8 at 3:06AM
MLS# 26-12763
Copyright © 2026 Alaska Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,224-square-foot duplex, built in 1985, contains two side-by-side residences with three bedrooms and 2.5 bathrooms apiece. Both units have cathedral ceilings, fireplaces, south-facing living areas and decks, and oversized heated garages. The 0.4-acre site is zoned R2A – Two Family Resident. Updates in the owner’s unit include oak flooring, solid-surface kitchen counters, custom closet systems, and a built-in office. Its garage features extensive cabinetry, shelving, and a workbench; both garages have space for laundry and overhead storage.
The property is less than 10 minutes from the airport, downtown, midtown, shopping, restaurants, local parks, Coastal Trail, and Kincaid Park. Public water and sewer serve the property.
The rental unit has a history of long-term occupancy, including two tenants who each remained for more than 10 years. It has been vacant since June 1 while the owner prepared the property for sale.
The property is less than 10 minutes from the airport, downtown, midtown, shopping, restaurants, local parks, Coastal Trail, and Kincaid Park. Public water and sewer serve the property.
The rental unit has a history of long-term occupancy, including two tenants who each remained for more than 10 years. It has been vacant since June 1 while the owner prepared the property for sale.
Key Highlights
- Two side‑by‑side units, each with 3 bedrooms and 2.5 bathrooms
- 3,224 square feet on a 0.4‑acre lot
- Built in 1985; zoned R2A - Two Family Resident
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,345
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$946,900
$946.9K
Cap Rate 7%
$676,357
$676.4K
Cap Rate 9%
$526,056
$526.1K
Market Conditions
NOI Build-Up for 3,224 SF
Gross rent
$71.6K $22.20/SF
− Vacancy
−$3.9K −$1.22/SF
EGI
$67.6K $20.98/SF
− OpEx
−$20.3K −$6.29/SF
NOI
$47.3K $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%
$946,900
Cap Rate 7%
$676,357
Cap Rate 9%
$526,056
Alternative Uses
Best Use
Multifamily LT 5
$676.4K
$591.8K – $789.1K
NOI $47,345 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$592.0K
$518.0K – $690.7K
NOI $41,440 @ 7.0% cap · market cap 5.53%
Theoretical Best
Specialty Retail
$875.5K
$766.0K – $1.02M
NOI $61,282 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
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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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences combine updated owner-unit finishes, substantial storage, and separate heated garages.
Where is this duplex located?
The property is located at 3622 W 41st Avenue Anchorage, AK.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with 3 bedrooms and 2.5 bathrooms; 3,224 square feet on a 0.4‑acre lot; Built in 1985; zoned R2A - Two Family Resident
