Updated Duplex with Mountain
For Sale
$670,000
460 Vista Glen Ct, Anchorage, AK 99501
Renovated kitchens, baths, windows, and core building systems create a substantially refreshed residential income property.
Property Size2,400 SF
Price / SF$279.17
Days on Market96
Property Features for 460 Vista Glen Ct
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
city & mountain views
deck
Building Details
Year Built
1961
Buildings
1
Listing Agency:
Real Broker Alaska
Listed By:
Kevin B Cross · License #17358
(907) 529-2289
Source:
Sellingalaskaco
Added: Jul 12
Changed: Oct 8
Last Checked: Oct 7 at 4:46PM
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 Real Broker Alaska
Investment Insights
Based on property information with market context.
Built in 1961, this duplex has undergone extensive improvements since 2016. The work includes refreshed kitchens and bathrooms, contemporary flooring, new paint, newer windows, a newer roof, an updated boiler, a replacement deck, and newer appliances. The property is south-facing and includes a detached double garage.
Located in downtown Anchorage, the duplex offers views toward the city and surrounding mountains. Its two-unit configuration, upgraded interiors, and collection of major property improvements provide a clearly defined residential income asset with both updated living spaces and useful detached storage or parking capacity.
Located in downtown Anchorage, the duplex offers views toward the city and surrounding mountains. Its two-unit configuration, upgraded interiors, and collection of major property improvements provide a clearly defined residential income asset with both updated living spaces and useful detached storage or parking capacity.
Key Highlights
- Duplex built in 1961
- Extensively improved since 2016
- Updated kitchens and bathrooms with modern flooring and fresh paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,245
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,900
$704.9K
Cap Rate 7%
$503,500
$503.5K
Cap Rate 9%
$391,611
$391.6K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$53.3K $22.20/SF
− Vacancy
−$2.9K −$1.22/SF
EGI
$50.3K $20.98/SF
− OpEx
−$15.1K −$6.29/SF
NOI
$35.2K $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%
$704,900
Cap Rate 7%
$503,500
Cap Rate 9%
$391,611
Alternative Uses
Best Use
Multifamily LT 5
$503.5K
$440.6K – $587.4K
NOI $35,245 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$440.7K
$385.6K – $514.1K
NOI $30,848 @ 7.0% cap · market cap 4.60%
Theoretical Best
Specialty Retail
$651.7K
$570.2K – $760.3K
NOI $45,619 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
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
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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?
Duplex - Renovated kitchens, baths, windows, and core building systems create a substantially refreshed residential income property.
Where is this duplex located?
The property is located at 460 Vista Glen Ct Anchorage, AK.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: Duplex built in 1961; Extensively improved since 2016; Updated kitchens and bathrooms with modern flooring and fresh paint
