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Updated Triplex with Garage

432 W 10th Ave, Anchorage, AK 99501

For Sale
$895,000

Three residential units include an owner-occupied unit, an accessory dwelling unit, and a mother-in-law unit.

Property Size2,808 SF
Price / SF$318.73
Days on Market53

Property Features for 432 W 10th Ave

General Information

Standard status Active
Size 2,808 SF
Total Parking Spaces 2
Property subtype Residential

Site & Location

Neighborhood South Addition

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $10,222

Amenities

fireplaces
chef's kitchen
sunroom
washer/dryer
Listing Agency: Jack White Real Estate
Listed By: Jamie Harvey · License #16305
Source: Exprealty
Added: Sep 18 Changed: Nov 8 Last Checked: Nov 8 at 9:46AM

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 Jack White Real Estate

Rey
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Investment Insights

Based on property information with market context.

This 2,808-square-foot triplex is arranged as an owner’s unit, an accessory dwelling unit, and a mother-in-law unit. Interior features include three fireplaces, a kitchen with cherry cabinetry and granite counters, and a primary suite with its own washer and dryer. The property also has an oversized two-car garage accessed from the alley.

Improvements made over time include window replacements, kitchen and bathroom updates, tile work, a washer-and-dryer installation, and garage and gutter work. The dishwasher was replaced in 2025.

Key Highlights

  • Three‑unit configuration: owner’s unit, ADU, and mother‑in‑law unit
  • 2,808‑square‑foot triplex
  • Oversized two‑car garage with alley access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$41,236
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$824,720 $824.7K
Cap Rate 7%
$589,086 $589.1K
Cap Rate 9%
$458,178 $458.2K
Market Conditions
NOI Build-Up for 2,808 SF
Gross rent
$62.3K $22.20/SF
− Vacancy
−$3.4K −$1.22/SF
EGI
$58.9K $20.98/SF
− OpEx
−$17.7K −$6.29/SF
NOI
$41.2K $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%
$824,720
Cap Rate 7%
$589,086
Cap Rate 9%
$458,178

Alternative Uses

Best Use
Multifamily LT 5
$589.1K
$515.5K – $687.3K (±1% cap)
NOI $41,236 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$515.6K
$451.2K – $601.6K (±1% cap)
NOI $36,093 @ 7.0% cap · market cap 4.03%
Theoretical Best
Specialty Retail
$762.5K
$667.2K – $889.6K (±1% cap)
NOI $53,374 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

3
Residential units

Location Intelligence

Demographics for 99501, AK

18,590
Population
8,906
Households
2.1
Avg Household Size
38
Median Age
40%
College-Educated
92%
High-School Grad
6.7 sq mi
ZIP Area
2,775
Density / Sq Mi
$69,591
Median Household Income
$43,542
Median Earnings
$1,181
Median Rent
$378,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three residential units include an owner-occupied unit, an accessory dwelling unit, and a mother-in-law unit.
Where is this triplex located?
The property is located at 432 W 10th Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Three‑unit configuration: owner’s unit, ADU, and mother‑in‑law unit; 2,808‑square‑foot triplex; Oversized two‑car garage with alley access
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