Duplex with Two
For Sale
$365,000
4208 McPhee Ave, Anchorage, AK 99508
Ranch-style residence currently configured for single-family use and refreshed with new interior paint.
Property Size2,132 SF
Price / SF$171.20
Days on Market59
Property Features for 4208 McPhee Ave
General Information
Standard status
Active
Size
2,132 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Mountain View
Building Details
Year Built
1969
Construction
Ranch-style
Listing Agency:
Herrington and Company, LLC
Listed By:
Paul Lambert
(907) 263-9333
Source:
Kristancole
Added: Aug 28
Changed: Oct 8
Last Checked: Oct 7 at 1:48PM
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.
Located at 4208 McPhee Ave in Anchorage, this 2,132-square-foot ranch-style property was built in 1969 and is currently arranged as a single-family home. The interior includes two kitchens, providing a layout that retains duplex-oriented functionality while serving its present residential configuration.
Fresh interior paint updates the living spaces. The property can be converted back to duplex use, offering a flexible configuration for an owner seeking either a single residence or a return to its original duplex format.
Fresh interior paint updates the living spaces. The property can be converted back to duplex use, offering a flexible configuration for an owner seeking either a single residence or a return to its original duplex format.
Key Highlights
- 2,132‑square‑foot ranch‑style property
- Currently configured as a single‑family home
- Two kitchens remain in the layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,309
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,180
$626.2K
Cap Rate 7%
$447,271
$447.3K
Cap Rate 9%
$347,878
$347.9K
Market Conditions
NOI Build-Up for 2,132 SF
Gross rent
$47.3K $22.20/SF
− Vacancy
−$2.6K −$1.22/SF
EGI
$44.7K $20.98/SF
− OpEx
−$13.4K −$6.29/SF
NOI
$31.3K $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%
$626,180
Cap Rate 7%
$447,271
Cap Rate 9%
$347,878
Alternative Uses
Best Use
Multifamily LT 5
$447.3K
$391.4K – $521.8K
NOI $31,309 @ 7.0% cap · market cap 8.58%
Second Best
Apartment 5plus
$391.5K
$342.6K – $456.7K
NOI $27,404 @ 7.0% cap · market cap 7.51%
Theoretical Best
Specialty Retail
$578.9K
$506.6K – $675.4K
NOI $40,525 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Ranch-style residence currently configured for single-family use and refreshed with new interior paint.
Where is this duplex located?
The property is located at 4208 McPhee Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 2,132‑square‑foot ranch‑style property; Currently configured as a single‑family home; Two kitchens remain in the layout
