Renovated Duplex with Expanded
For Sale
$710,000
4619 E 9th Avenue, Anchorage, AK 99508
MULTI_FAMILY - Anchorage, AK
Property Size3,224 SF
Lot Size0.16 Acres
Price / SF$220.22
Days on Market54
Property Features for 4619 E 9th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2D - Two Family Resident
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bedroom 4, Bedroom 7, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 6, Bathroom 2
Lot features
Level
View
Territorial
Elementary school
Wonder Park
Middle school
Clark
High school
Bartlett
Directions
15th to Pine, N on Pine, L on 9th Ave.
Subdivision
1A - Anchorage Municipality
Standard status
Active
APN
0050516200001
Size
3,224 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Lawrence L7 B12A
Tax Annual Amount
6608
Legal Description
Lawrence L7 B12A
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas
Water source
Public
Amenities
deck
wood-burning fireplace
washer and dryer
landscaped yard
storage
Building Details
Year built
1970
Number of units
2
Flooring type
Carpet, Vinyl
Roof type
Asphalt, Shingle
Listing Agency:
EXP Realty, LLC
(907) 519-0095
Listed By:
Olga Persinger · License #157082
(907) 310-0641
Added: Jun 30
Changed: Aug 18
Last Checked: Aug 22 at 1:06AM
MLS# 26-7965
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.
Extensively renovated duplex at 4619 E. 9th Avenue, set on a 0.16-acre lot with 3,224 square feet of living space. Built in 1970, the property underwent extensive upgrades about two years ago, including new waterproof, scratch-resistant flooring, fresh interior paint, new doors, updated appliances, and newly installed washers and dryers. Two bathrooms were fully renovated, and one of the lower-level kitchens was remodeled. Exterior improvements include expanded parking (space for up to 7 vehicles), additional side parking for an RV or more vehicles, new fencing on both sides, new exterior stairs, a spacious deck, a landscaped backyard, a new concrete walkway, and additional storage beneath the exterior stairs.
The flexible floor plan includes 3 kitchens, 3 full bathrooms, and an additional toilet in the laundry room, with interior connecting doors that allow different configurations. A bonus room can support a home office, recreation, media, fitness, or hobby use, and a wood-burning fireplace anchors the living area.
The property is directly across from Russian Jack Springs Park, with nearby access to trails, sports fields, and open green space. The home is currently set up as an active Airbnb. Updates also include a new roof installed in 2020 with a 20-year warranty. Zoning is R2D - Two Family Resident, with public water and public sewer.
The flexible floor plan includes 3 kitchens, 3 full bathrooms, and an additional toilet in the laundry room, with interior connecting doors that allow different configurations. A bonus room can support a home office, recreation, media, fitness, or hobby use, and a wood-burning fireplace anchors the living area.
The property is directly across from Russian Jack Springs Park, with nearby access to trails, sports fields, and open green space. The home is currently set up as an active Airbnb. Updates also include a new roof installed in 2020 with a 20-year warranty. Zoning is R2D - Two Family Resident, with public water and public sewer.
Key Highlights
- Expanded parking for up to 7 vehicles plus additional side parking for an RV or more vehicles
- Extensively renovated about two years ago with updated flooring, paint, doors, appliances, and new washers and dryers
- Roof installed in 2020 with a 20‑year warranty
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
$47,345
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
6.67%
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%
$946,900
$946.9K
Cap Rate 7%
$676,357
$676.4K
Cap Rate 9%
$526,056
$526.1K
Market Conditions
NOI Build-Up for 3,224 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
$71.6K $22.20/SF
− Vacancy
−$3.9K −$1.22/SF
EGI
$67.6K $20.98/SF
− OpEx
−$20.3K −$6.29/SF
NOI
$47.3K $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 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%
$946,900
Cap Rate 7%
$676,357
Cap Rate 9%
$526,056
Alternative Uses
Best Use
Multifamily LT 5
$676.4K
$591.8K – $789.1K
NOI $47,345 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$592.0K
$518.0K – $690.7K
NOI $41,440 @ 7.0% cap · market cap 5.84%
Theoretical Best
Specialty Retail
$875.5K
$766.0K – $1.02M
NOI $61,282 @ 7.0% cap · market cap 8.63%
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
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Frequently Asked Questions
What type of property is this?
Duplex - Extensively renovated duplex with a flexible layout, updated systems, and ample off-street parking directly across from Russian Jack Springs Park.
Where is this duplex located?
The property is located at 4619 E 9th Avenue Anchorage, AK.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Expanded parking for up to 7 vehicles plus additional side parking for an RV or more vehicles; Extensively renovated about two years ago with updated flooring, paint, doors, appliances, and new washers and dryers; Roof installed in 2020 with a 20‑year warranty
