Fenced Corner-Lot
For Sale
$415,000
4447 E 6th Avenue, Anchorage, AK 99508
Multi-Family, Anchorage, AK
Property Size2,292 SF
Lot Size0.19 Acres
Price / SF$181.06
Days on Market53
Property Features for 4447 E 6th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2D - Two Family Resident
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 3, Dining Room
Lot features
Level
View
Mountains
Elementary school
Williwaw
Middle school
Clark
High school
Bartlett
Directions
From DeBarr Rd to Pine St, then left on E 6th Ave. Corner lot at E 6th Ave and Lane St.
Subdivision
1A - Anchorage Municipality
Standard status
Active
APN
0050440100001
Size
2,292 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Lawrence (1948) L22A B2
Tax Annual Amount
4263
Legal Description
Lawrence (1948) L22A B2
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard
Water source
Public
Amenities
laundry
Building Details
Year built
1965
Number of units
2
Flooring type
Carpet, Linoleum
Building materials
Wood Frame
Roof type
Asphalt, Shingle
Listing Agency:
EXP Realty, LLC
(907) 519-0095
Listed By:
Blue Charoensook · License #156179
(907) 802-6144
Added: Jul 9
Changed: Aug 25
Last Checked: Aug 30 at 12:06PM
MLS# 26-8496
Copyright © 2026 Alaska Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,292-square-foot duplex contains two fully separate units, each with its own entrance, parking, and laundry. The upper residence offers 3 bedrooms and 2 bathrooms, while the lower unit includes 1 bedroom and 1 bathroom. Built in 1965 with wood-frame construction, the property features carpet and linoleum flooring, natural gas and baseboard heating, and an asphalt shingle roof replaced in 2024.
Set on a 0.19-acre fenced corner lot, the property includes RV or additional parking. Public water and public sewer serve the building. R2D - Two Family Resident zoning supports its duplex configuration, and the property is located approximately 5 minutes from JBER's Boniface Gate in Anchorage.
Set on a 0.19-acre fenced corner lot, the property includes RV or additional parking. Public water and public sewer serve the building. R2D - Two Family Resident zoning supports its duplex configuration, and the property is located approximately 5 minutes from JBER's Boniface Gate in Anchorage.
Key Highlights
- 2,292 square feet with two fully separate units
- Upper unit: 3 bedrooms and 2 bathrooms
- Lower unit: 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
8.11%
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 8.11%
Second Best
Apartment 5plus
$420.9K
$368.3K – $491.0K
NOI $29,460 @ 7.0% cap · market cap 7.10%
Theoretical Best
Specialty Retail
$622.4K
$544.6K – $726.1K
NOI $43,566 @ 7.0% cap · market cap 10.50%
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 - Two separately accessed units offer individual parking and laundry areas.
Where is this duplex located?
The property is located at 4447 E 6th Avenue Anchorage, AK.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 2,292 square feet with two fully separate units; Upper unit: 3 bedrooms and 2 bathrooms; Lower unit: 1 bedroom and 1 bathroom
