Four-Unit Multifamily
For Sale
$590,000
4004 E 8th Ave, Anchorage, AK 99508
Four-unit residential property with a two-level layout, parking, and alley access.
Property Size3,568 SF
Price / SF$165.36
Days on Market53
Property Features for 4004 E 8th Ave
General Information
Standard status
Active
Size
3,568 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR, 2 x 2BR
Multifamily Units
4
Building Details
Year Built
1977
Listing Agency:
Realty ONE Group Aurora
Listed By:
Ileana Batista
(907) 865-6500
Source:
Sellingalaskaco
Added: Aug 24
Changed: Sep 15
Last Checked: Oct 7 at 1:57PM
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 Realty ONE Group Aurora
Investment Insights
Based on property information with market context.
This 3,568-square-foot multifamily property was built in 1977 and contains four residential units arranged across two levels. The upper floor includes two three-bedroom units, while the lower floor has two two-bedroom units, providing a defined mix of larger and smaller residences.
The property is located near JBER and includes parking spaces with access from the alley. The four-unit configuration and established construction provide a straightforward multifamily format for residential occupancy.
The property is located near JBER and includes parking spaces with access from the alley. The four-unit configuration and established construction provide a straightforward multifamily format for residential occupancy.
Key Highlights
- Four‑unit multifamily property totaling 3,568 square feet
- Two 3 beds units upstairs and two 2 beds units downstairs
- Built in 1977
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,397
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,047,940
$1.0M
Cap Rate 7%
$748,529
$748.5K
Cap Rate 9%
$582,189
$582.2K
Market Conditions
NOI Build-Up for 3,568 SF
Gross rent
$79.2K $22.20/SF
− Vacancy
−$4.4K −$1.22/SF
EGI
$74.9K $20.98/SF
− OpEx
−$22.5K −$6.29/SF
NOI
$52.4K $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%
$1,047,940
Cap Rate 7%
$748,529
Cap Rate 9%
$582,189
Alternative Uses
Best Use
Multifamily LT 5
$748.5K
$655.0K – $873.3K
NOI $52,397 @ 7.0% cap · market cap 8.88%
Second Best
Apartment 5plus
$655.2K
$573.3K – $764.4K
NOI $45,861 @ 7.0% cap · market cap 7.77%
Theoretical Best
Specialty Retail
$968.9K
$847.8K – $1.13M
NOI $67,821 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Quadplex - Four-unit residential property with a two-level layout, parking, and alley access.
Where is this quadplex located?
The property is located at 4004 E 8th Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Four‑unit multifamily property totaling 3,568 square feet; Two 3 beds units upstairs and two 2 beds units downstairs; Built in 1977
