5-Unit Ranch Apartment
375 N Valley Way, Palmer, AK 99645
For Sale
$499,900
Single-story multifamily property with on-site laundry and one-bedroom, one-bath units.
Property Size3,200 SF
Price / SF$156.22
Days on Market93
Property Features for 375 N Valley Way
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
laundry on site
Building Details
Year Built
Construction
Listing Agency:
Real Estate Brokers of Alaska
Listed By:
Jake Fiorelli · License AK #122283
(907) 310-5600
Source:
Kachemakgrouprealestate
Added: Aug 10
Changed: Oct 26
Last Checked: Oct 7 at 4:17PM
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 Estate Brokers of Alaska
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Investment Insights
Based on property information with market context.
This 3,200-square-foot apartment property contains five one-bedroom, one-bath units in a single-story ranch-style building. On-site laundry serves the residents, adding a practical shared amenity to the configuration.
The property is located in Palmer near the river trail and within walking distance of downtown shops, restaurants, and parks. Its unit layout and established multifamily format provide a straightforward apartment-building profile in a walkable setting.
The property is located in Palmer near the river trail and within walking distance of downtown shops, restaurants, and parks. Its unit layout and established multifamily format provide a straightforward apartment-building profile in a walkable setting.
Key Highlights
- Five one‑bedroom, one‑bath apartment units
- 3,200‑square‑foot ranch‑style apartment building
- On‑site laundry facility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,641
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$752,820
$752.8K
Cap Rate 7%
$537,729
$537.7K
Cap Rate 9%
$418,233
$418.2K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$72.2K $22.56/SF
− Vacancy
−$3.8K −$1.17/SF
EGI
$68.4K $21.39/SF
− OpEx
−$30.8K −$9.62/SF
NOI
$37.6K $11.76/SF
Area
Matanuska-Susitna County, AK
Vacancy
5.20%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$752,820
Cap Rate 7%
$537,729
Cap Rate 9%
$418,233
Alternative Uses
Best Use
Apartment 5plus
$537.7K
$470.5K – $627.4K
NOI $37,641 @ 7.0% cap · market cap 7.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$882.1K
$771.8K – $1.03M
NOI $61,747 @ 7.0% cap · market cap 12.35%
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
5
Residential units
Location Intelligence
Demographics for 99645, AK
28,818
Population
12,021
Households
2.4
Avg Household Size
37
Median Age
31%
College-Educated
95%
High-School Grad
586.2 sq mi
ZIP Area
49
Density / Sq Mi
$97,069
Median Household Income
$51,710
Median Earnings
$1,309
Median Rent
$338,400
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?
Apartment building - Single-story multifamily property with on-site laundry and one-bedroom, one-bath units.
Where is this apartment building located?
The property is located at 375 N Valley Way Palmer, AK.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Five one‑bedroom, one‑bath apartment units; 3,200‑square‑foot ranch‑style apartment building; On‑site laundry facility
