Residential Income
For Sale
$450,000
4101 Cope St, Anchorage, AK 99503
Residential income property offered for sale in Anchorage.
Property Size2,496 SF
Price / SF$180.29
Days on Market58
Property Features for 4101 Cope St
General Information
Standard status
Active
Size
2,496 SF
Property subtype
Multi-Family
Building Details
Year Built
1969
Listing Agency:
Herrington and Company, LLC
Listed By:
Tina B Steenmeyer
(907) 263-9333
Source:
Kachemakgrouprealestate
Added: Aug 20
Changed: Oct 10
Last Checked: Oct 7 at 4:38PM
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 Herrington and Company, LLC
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Investment Insights
Based on property information with market context.
This 2,496-square-foot residential income property is located at 4101 Cope St in Anchorage, Alaska. The asset is offered for sale and may suit an owner-occupant or investment-oriented buyer, as described in the listing information.
Key Highlights
- 2,496 square feet of residential income property
- Located at 4101 Cope St, Anchorage, AK
- Offered for sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,082
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,640
$641.6K
Cap Rate 7%
$458,314
$458.3K
Cap Rate 9%
$356,467
$356.5K
Market Conditions
NOI Build-Up for 2,496 SF
Gross rent
$61.4K $24.60/SF
− Vacancy
−$3.1K −$1.23/SF
EGI
$58.3K $23.37/SF
− OpEx
−$26.2K −$10.52/SF
NOI
$32.1K $12.85/SF
Area
Anchorage, AK
Vacancy
5.00%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,640
Cap Rate 7%
$458,314
Cap Rate 9%
$356,467
Alternative Uses
Best Use
Apartment 5plus
$458.3K
$401.0K – $534.7K
NOI $32,082 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$677.8K
$593.1K – $790.7K
NOI $47,444 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Demographics for 99503, AK
13,550
Population
7,411
Households
1.8
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
20.7 sq mi
ZIP Area
655
Density / Sq Mi
$76,888
Median Household Income
$46,734
Median Earnings
$1,185
Median Rent
$316,700
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
Frequently Asked Questions
What type of property is this?
Residential income property - Residential income property offered for sale in Anchorage.
Where is this residential income property located?
The property is located at 4101 Cope St Anchorage, AK.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,496 square feet of residential income property; Located at 4101 Cope St, Anchorage, AK; Offered for sale
