Renovated
For Sale
$639,900
Pending
4027 E 8th Ave, Anchorage, AK 99508
Four residential units feature spacious three-bedroom, one-bath layouts and shared laundry facilities.
Property Size3,864 SF
Days on Market134
Property Features for 4027 E 8th Ave
General Information
Standard status
Pending
Size
3,864 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 3BR/1BA
Multifamily Units
4
Amenities
laundry room
Listing Agency:
EXP Realty, LLC
(907) 519-0095
Listed By:
Jeduthun C Carpenter · License #170537
(817) 296-4757
Source:
Exprealty
Added: Jun 4
Changed: Oct 1
Last Checked: Oct 13 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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
Built in 1962 and recently renovated, this 3,864-square-foot quadplex contains four residential units, each arranged with three bedrooms and one bathroom. The property also includes a dedicated laundry room, adding shared utility space for residents and potential operational flexibility.
Located at 4027 E 8th Ave in Anchorage, the property offers proximity to base facilities and the Umed district. Its four-unit configuration provides a clearly defined multifamily layout within a single building.
Located at 4027 E 8th Ave in Anchorage, the property offers proximity to base facilities and the Umed district. Its four-unit configuration provides a clearly defined multifamily layout within a single building.
Key Highlights
- Four 3‑bedroom/1‑bath units
- 3,864‑square‑foot quadplex
- Recently renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,744
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,134,880
$1.1M
Cap Rate 7%
$810,629
$810.6K
Cap Rate 9%
$630,489
$630.5K
Market Conditions
NOI Build-Up for 3,864 SF
Gross rent
$85.8K $22.20/SF
− Vacancy
−$4.7K −$1.22/SF
EGI
$81.1K $20.98/SF
− OpEx
−$24.3K −$6.29/SF
NOI
$56.7K $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%
$1,134,880
Cap Rate 7%
$810,629
Cap Rate 9%
$630,489
Alternative Uses
Best Use
Multifamily LT 5
$810.6K
$709.3K – $945.7K
NOI $56,744 @ 7.0% cap · market cap 8.87%
Second Best
Apartment 5plus
$709.5K
$620.8K – $827.8K
NOI $49,666 @ 7.0% cap · market cap 7.76%
Theoretical Best
Specialty Retail
$1.05M
$918.1K – $1.22M
NOI $73,447 @ 7.0% cap · market cap 11.48%
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 residential units feature spacious three-bedroom, one-bath layouts and shared laundry facilities.
Where is this quadplex located?
The property is located at 4027 E 8th Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $639,900.
What are key features of this property?
This property features: Four 3‑bedroom/1‑bath units; 3,864‑square‑foot quadplex; Recently renovated
