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 Market89
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
(817) 296-4757
Listed By:
Jeduthun C Carpenter · License #170537
(817) 296-4757
Source:
Exprealty
Added: Jun 4
Changed: Aug 29
Last Checked: Aug 18 at 9:03AM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,744
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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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
