Four-Unit Multifamily
4110 Macinnes St, Anchorage, AK 99508
For Sale
$390,700
Pending
The property combines two lower-level residences, two upstairs apartments, and a detached garage or outbuilding.
Property Size2,388 SF
Days on Market25
Property Features for 4110 Macinnes St
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Listing Agency:
Benson Realty, LLC
(907) 561-2111
Listed By:
Casey A Campbell-Boyer
(907) 562-0968
Source:
Exprealty
Added: Oct 17
Changed: Nov 8
Last Checked: Nov 10 at 10:24AM
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 Benson Realty, LLC
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Investment Insights
Based on property information with market context.
This 2,388-square-foot multifamily property contains four units: a two-bedroom residence and an efficiency on the lower level, plus two one-bedroom apartments upstairs. Three units are vacant, including both lower-level units and one upstairs apartment. A detached outbuilding or garage is also on the property.
The building is described as needing repairs, with electrical work identified as an issue. The sale is limited to cash buyers.
The building is described as needing repairs, with electrical work identified as an issue. The sale is limited to cash buyers.
Key Highlights
- 2,388‑square‑foot building with four residential units
- Lower level has a two‑bedroom unit and an efficiency
- Two upstairs apartments, each with one bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,068
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,360
$701.4K
Cap Rate 7%
$500,971
$501.0K
Cap Rate 9%
$389,644
$389.6K
Market Conditions
NOI Build-Up for 2,388 SF
Gross rent
$53.0K $22.20/SF
− Vacancy
−$2.9K −$1.22/SF
EGI
$50.1K $20.98/SF
− OpEx
−$15.0K −$6.29/SF
NOI
$35.1K $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 Rate 5%
$701,360
Cap Rate 7%
$500,971
Cap Rate 9%
$389,644
Alternative Uses
Best Use
Multifamily LT 5
$501.0K
$438.4K – $584.5K
NOI $35,068 @ 7.0% cap · market cap 8.98%
Second Best
Apartment 5plus
$438.5K
$383.7K – $511.6K
NOI $30,694 @ 7.0% cap · market cap 7.86%
Theoretical Best
Specialty Retail
$648.4K
$567.4K – $756.5K
NOI $45,391 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
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
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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?
Quadplex - The property combines two lower-level residences, two upstairs apartments, and a detached garage or outbuilding.
Where is this quadplex located?
The property is located at 4110 Macinnes St Anchorage, AK.
What is the asking price?
The asking price for this property is $390,700.
What are key features of this property?
This property features: 2,388‑square‑foot building with four residential units; Lower level has a two‑bedroom unit and an efficiency; Two upstairs apartments, each with one bedroom
