Residential Income
For Sale
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4128 WRIGHT ST, Anchorage, AK 99508
For sale residential income multifamily property listed under other multifamily categories.
Property Size2,876 SF
Price / SF$253.48
Days on Market55
Property Features for 4128 WRIGHT ST
General Information
Standard status
Active
Size
2,876 SF
Property subtype
Multifamily
Building Details
Year Built
1962
Stories
2
Units
2
Listing Agency:
Chambers Real Estate Services - Intelligence
Listed By:
Jerrett Chambers · License #223988
(907) 565-5665
Source:
Crexi
Added: Jul 18
Changed: Sep 7
Last Checked: Sep 9 at 7:30AM
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 Chambers Real Estate Services - Intelligence
Investment Insights
Based on property information with market context.
This offering is categorized as a residential income multifamily property, also described under other multifamily properties. The asset is presented as “Residential,” and is being offered for sale.
The property is located at 4128 WRIGHT ST in Anchorage, AK, with a stated property size of 2,876. Additional details regarding unit count, layout, condition, and specific building features are not provided in the available information.
Interested parties should review the available materials and due diligence documentation to confirm the property’s configuration and operating details prior to making an investment decision.
The property is located at 4128 WRIGHT ST in Anchorage, AK, with a stated property size of 2,876. Additional details regarding unit count, layout, condition, and specific building features are not provided in the available information.
Interested parties should review the available materials and due diligence documentation to confirm the property’s configuration and operating details prior to making an investment decision.
Key Highlights
- Year built: 1962
- Property type: residential income multifamily
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,967
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$739,340
$739.3K
Cap Rate 7%
$528,100
$528.1K
Cap Rate 9%
$410,744
$410.7K
Market Conditions
NOI Build-Up for 2,876 SF
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.
Gross rent
$70.7K $24.60/SF
− Vacancy
−$3.5K −$1.23/SF
EGI
$67.2K $23.37/SF
− OpEx
−$30.2K −$10.52/SF
NOI
$37.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$739,340
Cap Rate 7%
$528,100
Cap Rate 9%
$410,744
Alternative Uses
Best Use
Apartment 5plus
$528.1K
$462.1K – $616.1K
NOI $36,967 @ 7.0% cap · market cap 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$781.0K
$683.3K – $911.1K
NOI $54,667 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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
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Frequently Asked Questions
What type of property is this?
Multifamily property - For sale residential income multifamily property listed under other multifamily categories.
Where is this multifamily property located?
The property is located at 4128 WRIGHT ST Anchorage, AK.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: Year built: 1962; Property type: residential income multifamily
