Renovated Fourplex with Laundry
4027 E 8th Avenue Anchorage, AK 99508
4027 E 8th Avenue, Anchorage, AK, 99508
$639,900
For Sale
$639,900
MULTI_FAMILY - Anchorage, AK
Property Size3,864 SF
Lot Size0.16 Acres
Price / SF$165.61
Days on Market48
Property Features for 4027 E 8th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3 - Multiple Family Resi
- Bedrooms
- 12
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bedroom 2, Bedroom 3, Bedroom 7, Bedroom 1, Bathroom 1, Bedroom 12, Bedroom 8, Bedroom 6, Bedroom 11, Bedroom 4, Bedroom 9, Bathroom 2, Bathroom 3, Bedroom 10, Bedroom 5
- Standard status
- Active
- APN
- 0050552400001
- Size
- 3,864 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Description
- Vanover L16 B6
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Baseboard, Radiant
- Water source
- Public
Building Details
- Year built
- 1962
- Number of units
- 4
- Flooring type
- Vinyl, Carpet
- Roof type
- Metal
Listing agency
EXP Realty, LLC
(907) 519-0095
Listed by
Jeduthun C Carpenter · License #170537
(817) 296-4757
Added: Jun 4 Updated: Jul 12 at 4:32AM Checked: Jul 21 at 9:06AM
MLS# 26-6491
Copyright © 2026 Alaska Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This newly renovated fourplex offers four spacious residential units, each configured as 3 bedrooms and 1 bathroom. The property includes an on-site laundry room, with room for the new owner to decide how they want to operate it, including the option to convert it to coin-operated use. The building is a straightforward income-oriented setup for buyers seeking a multi-unit residential asset.
Located in Anchorage, the property is described as having great proximity to the base and the UMed district, supporting convenient day-to-day access for residents. The lot size is listed at 0.16 acres, with an overall property size of 3,864 square feet.
With four distinct units in place, the property may appeal to owners looking to purchase a small multi-family building with renovated interiors and an established residential mix. Tenants benefit from the consistent unit layouts, while the added laundry room provides an amenity that can be managed according to the buyer’s preferences.
Located in Anchorage, the property is described as having great proximity to the base and the UMed district, supporting convenient day-to-day access for residents. The lot size is listed at 0.16 acres, with an overall property size of 3,864 square feet.
With four distinct units in place, the property may appeal to owners looking to purchase a small multi-family building with renovated interiors and an established residential mix. Tenants benefit from the consistent unit layouts, while the added laundry room provides an amenity that can be managed according to the buyer’s preferences.
Key Highlights
- 4plex built in 1962 featuring four 3‑bedroom, 1‑bath units
- Metal roof
- Heating includes natural gas with baseboard and radiant heat
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.8k | $22.20 |
| − Vacancy | −$4.7k | −$1.22 |
| EGI | $81.1k | $20.98 |
| − OpEx | −$24.3k | −$6.29 |
| NOI | $56.7k | $14.69 |
3,864 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Soaring-Lake Imports
Department Store
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four renovated 3-bedroom, 1-bath units with an on-site laundry room for flexible rent-supporting setups.
Where is this quadplex located?
The property is located at 4027 E 8th Avenue 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: 4plex built in 1962 featuring four 3‑bedroom, 1‑bath units; Metal roof; Heating includes natural gas with baseboard and radiant heat
