Remodeled
3828 Randolph St, Anchorage, AK 99508
For Sale
$419,000
Pending
One unit has been renovated, and each side includes two bedrooms and one bathroom.
Property Size1,850 SF
Days on Market35
Property Features for 3828 Randolph St
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
fenced yard
Building Details
Year Built
Buildings
Construction
Listing Agency:
Keller Williams Realty Alaska Group of Eagle River
Listed By:
Gary A Becker · License AK #19001
(907) 952-3012
Source:
Viewanchoragehouses
Added: Oct 7
Changed: Nov 8
Last Checked: Nov 8 at 5:08AM
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.
This ranch-style duplex contains 1,850 square feet and is arranged as two units, each with two bedrooms and one bathroom. One unit has been remodeled throughout. The property also includes a fenced yard and off-street parking.
The duplex is on Randolph Street in Anchorage’s UMED district. The property has a history of rental activity.
The duplex is on Randolph Street in Anchorage’s UMED district. The property has a history of rental activity.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,850‑square‑foot ranch‑style duplex
- One unit remodeled throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,168
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$543,360
$543.4K
Cap Rate 7%
$388,114
$388.1K
Cap Rate 9%
$301,867
$301.9K
Market Conditions
NOI Build-Up for 1,850 SF
Gross rent
$41.1K $22.20/SF
− Vacancy
−$2.3K −$1.22/SF
EGI
$38.8K $20.98/SF
− OpEx
−$11.6K −$6.29/SF
NOI
$27.2K $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%
$543,360
Cap Rate 7%
$388,114
Cap Rate 9%
$301,867
Alternative Uses
Best Use
Multifamily LT 5
$388.1K
$339.6K – $452.8K
NOI $27,168 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$339.7K
$297.2K – $396.3K
NOI $23,779 @ 7.0% cap · market cap 5.68%
Theoretical Best
Specialty Retail
$502.4K
$439.6K – $586.1K
NOI $35,165 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Demographics for 99508, AK
34,394
Population
14,219
Households
2.4
Avg Household Size
34
Median Age
28%
College-Educated
91%
High-School Grad
7.1 sq mi
ZIP Area
4,844
Density / Sq Mi
$72,751
Median Household Income
$40,937
Median Earnings
$1,353
Median Rent
$309,400
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?
Duplex - One unit has been renovated, and each side includes two bedrooms and one bathroom.
Where is this duplex located?
The property is located at 3828 Randolph St Anchorage, AK.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,850‑square‑foot ranch‑style duplex; One unit remodeled throughout
