Bi-Level
401 E 6th Avenue, Anchorage, AK 99503
For Sale
$590,000
Both residences include washer and dryer appliances, offering in-unit laundry for occupants.
Property Size2,208 SF
Days on Market25
Property Features for 401 E 6th Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Amenities
washer/dryer
Building Details
Building Size
Year Built
Listing Agency:
Real Broker Alaska
Listed By:
Sean Sullivan
(907) 887-1045
Source:
Keiradrehergroup.kw
Added: Oct 16
Changed: Nov 8
Last Checked: Nov 8 at 2:32AM
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 Broker Alaska
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This bi-level duplex contains two residences, each equipped with a washer and dryer. The building was constructed in 1970.
The property occupies a large cul-de-sac lot in a secluded neighborhood in Anchorage. Its two-unit configuration supports separate occupancy, including living in one residence while renting the other.
The property occupies a large cul-de-sac lot in a secluded neighborhood in Anchorage. Its two-unit configuration supports separate occupancy, including living in one residence while renting the other.
Key Highlights
- Two residential units
- Washer and dryer in each unit
- Bi‑level configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,425
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,500
$648.5K
Cap Rate 7%
$463,214
$463.2K
Cap Rate 9%
$360,278
$360.3K
Market Conditions
NOI Build-Up for 2,208 SF
Gross rent
$49.0K $22.20/SF
− Vacancy
−$2.7K −$1.22/SF
EGI
$46.3K $20.98/SF
− OpEx
−$13.9K −$6.29/SF
NOI
$32.4K $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%
$648,500
Cap Rate 7%
$463,214
Cap Rate 9%
$360,278
Alternative Uses
Best Use
Multifamily LT 5
$463.2K
$405.3K – $540.4K
NOI $32,425 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$405.4K
$354.8K – $473.0K
NOI $28,381 @ 7.0% cap · market cap 4.81%
Theoretical Best
Specialty Retail
$599.6K
$524.6K – $699.5K
NOI $41,970 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include washer and dryer appliances, offering in-unit laundry for occupants.
Where is this duplex located?
The property is located at 401 E 6th Avenue 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: Two residential units; Washer and dryer in each unit; Bi‑level configuration
