Duplex with Separate
For Sale
$425,000
4447 E 6th Ave, Anchorage, AK 99508
Fenced corner-lot property offers independent entrances, dedicated parking, and laundry for both residences.
Property Size2,292 SF
Price / SF$185.43
Days on Market84
Property Features for 4447 E 6th Ave
General Information
Standard status
Active
Size
2,292 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
laundry
RV/extra parking
Building Details
Year Built
1965
Listing Agency:
EXP Realty, LLC
(907) 802-6144
Listed By:
Blue Charoensook · License #156179
Source:
Viewanchoragehouses
Added: Jun 8
Changed: Aug 29
Last Checked: Aug 29 at 3:47PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
Built in 1965, this 2,292-square-foot duplex contains two fully independent residences, each with its own entrance, parking, and laundry. The upper unit includes 3 bedrooms and 2 bathrooms, while the lower unit provides 1 bedroom and 1 bathroom. The property sits on a fenced corner lot and includes RV or additional parking, along with mountain views.
Located at 4447 E 6th Ave in Anchorage, the duplex is approximately 5 minutes from JBER’s Boniface Gate. A 2024 roof replacement adds a recent improvement, and the property is identified as eligible for VA, FHA, and AHFC financing.
Located at 4447 E 6th Ave in Anchorage, the duplex is approximately 5 minutes from JBER’s Boniface Gate. A 2024 roof replacement adds a recent improvement, and the property is identified as eligible for VA, FHA, and AHFC financing.
Key Highlights
- Two‑unit duplex totaling 2,292 SF
- Upper residence has 3 bedrooms and 2 bathrooms
- Lower residence includes 1 bedroom and 1 bathroom
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
$33,659
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
7.92%
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%
$673,180
$673.2K
Cap Rate 7%
$480,843
$480.8K
Cap Rate 9%
$373,989
$374.0K
Market Conditions
NOI Build-Up for 2,292 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
$50.9K $22.20/SF
− Vacancy
−$2.8K −$1.22/SF
EGI
$48.1K $20.98/SF
− OpEx
−$14.4K −$6.29/SF
NOI
$33.7K $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 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%
$673,180
Cap Rate 7%
$480,843
Cap Rate 9%
$373,989
Alternative Uses
Best Use
Multifamily LT 5
$480.8K
$420.7K – $561.0K
NOI $33,659 @ 7.0% cap · market cap 7.92%
Second Best
Apartment 5plus
$420.9K
$368.3K – $491.0K
NOI $29,460 @ 7.0% cap · market cap 6.93%
Theoretical Best
Specialty Retail
$622.4K
$544.6K – $726.1K
NOI $43,566 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fenced corner-lot property offers independent entrances, dedicated parking, and laundry for both residences.
Where is this duplex located?
The property is located at 4447 E 6th Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,292 SF; Upper residence has 3 bedrooms and 2 bathrooms; Lower residence includes 1 bedroom and 1 bathroom
