Renovated Fourplex with Laundry
For Sale
$639,900
4027 E 8th Avenue, Anchorage, AK 99508
MULTI_FAMILY - Anchorage, AK
Property Size3,864 SF
Lot Size0.16 Acres
Price / SF$165.61
Days on Market57
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
Full 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
Elementary school
BTV-Undiscl by LL
Middle school
BTV-Undiscl by LL
High school
BTV-Undiscl by LL
Directions
From Bragaw, East on 8th Avenue to four-plex on the left. Sign posted
Subdivision
1A - Anchorage Municipality
Standard status
Active
APN
0050552400001
Size
3,864 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
Vanover L16 B6
Legal 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
Changed: Jul 12
Last Checked: Jul 30 at 4:06PM
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
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 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 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
