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    Renovated Four-Unit Apartment Building Title is generated by Realmo AI

    4027 E 8th Avenue, Anchorage, AK 99508

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    For Sale
    $645,000

    MULTI_FAMILY - Anchorage, AK

    Property size:
    3,864 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $166/SF
    Added:
    Jun 4, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 13 at 4:06 am

    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
    Bedroom 11, Bathroom 3, Bedroom 6, Bedroom 7, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 9, Bedroom 12, Bathroom 4, Bedroom 8, Bedroom 5, Bedroom 10, Bedroom 1
    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
    Radiant, Natural Gas, Baseboard
    Water source
    Public

    Building Details

    Year built
    1962
    Number of units
    4
    Flooring type
    Vinyl, Carpet
    Roof type
    Metal

    We can help!

    Listing Contact
    Jeduthun C Carpenter

    Listing agent Jeduthun C Carpenter License #170537

    Listing office EXP Realty, LLC 3705 Arctic Blvd #292, Anchorage, AK

    Listing date Jun 4, 2026

    MLS# 26-6491 Listing URL

    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.

    HighLights

    • 4plex featuring four 3‑bedroom, 1‑bath units
    • Laundry room on‑site, with potential to operate as coin‑op
    • Year built 1962
    • Natural gas heating with baseboard and radiant heat
    • Metal roof
    • Public water and public sewer

    Overview

    This newly renovated four-plex provides four spacious 3-bedroom, 1-bath units arranged as a single residential income property. The building also includes a laundry room that could be operated as coin-op by a new owner, depending on how the space is managed. Overall, the configuration is designed for tenants who want well-sized layouts with shared on-site laundry.

    The property is located at 4027 E 8th Avenue in Anchorage, AK 99508. Public remarks indicate the building has strong convenience to the base and the UMed district, which may be a helpful consideration for tenants who prefer shorter commutes. With a compact lot size of 0.16 acres, the asset is configured as a focused multifamily holding.

    For buyers seeking a residential income property, this four-unit building offers an uncomplicated structure: four distinct, similarly sized units, plus shared laundry functionality. The mix of multiple 3-bedroom/1-bath homes can appeal to households needing extra space, while the on-site laundry room supports resident day-to-day needs without requiring off-site facilities. As with any multifamily acquisition, prospective buyers can evaluate unit-by-unit conditions and the laundry room’s operating setup as part of their underwriting.

    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 (±1% cap)
    NOI $56,744 @ 7.0% cap · market cap 8.80%
    Second Best
    Apartment 5plus
    $709.5K
    $620.8K – $827.8K (±1% cap)
    NOI $49,666 @ 7.0% cap · market cap 7.70%
    Theoretical Best
    Specialty Retail
    $1.05M
    $918.1K – $1.22M (±1% cap)
    NOI $73,447 @ 7.0% cap · market cap 11.39%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Soaring-Lake Imports Department Store

    Map

    City
    Anchorage
    County
    Anchorage
    State
    Alaska
    Longitude
    -149.805359
    Latitude
    61.21523

    FAQs

    What type of property is this?
    Quadplex - Four spacious 3-bedroom, 1-bath units with on-site laundry space, offering a straightforward residential income setup.
    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 $645,000.
    What are key features of this property?
    This property features: 4plex featuring four 3‑bedroom, 1‑bath units; Laundry room on‑site, with potential to operate as coin‑op; Year built 1962
    More about this property
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