Updated Up-Down
New
For Sale
$599,000
4625 Taft Street, Anchorage, AK 99517
Two-level duplex with refreshed interiors, separate outdoor areas, and parking amenities for both residences.
Property Size2,112 SF
Days on Market3
Property Features for 4625 Taft Street
General Information
Standard status
Active
Size
2,112 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
deck
fenced yard
Building Details
Building Size
2,112 SF
Year Built
1968
Buildings
1
Listing Agency:
FSBO System Alaska LLC
(907) 707-9713
Listed By:
Julie Marshall · License #157148
Source:
Keiradrehergroup.kw
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 30 at 1:19PM
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 FSBO System Alaska LLC
Investment Insights
Based on property information with market context.
Built in 1968, this up-and-down duplex has undergone extensive interior and mechanical updates. Improvements include new flooring, trim, doors, paint, kitchens, bathrooms, and appliances, along with a recently installed boiler system, hot water heater, and baseboard heater covers. The lower residence has an established tenant, while the upper unit is move-in ready and accessed from the rear near the carport.
Outdoor features include a raised deck above the carport, a separate driveway serving the garage, and fenced front and rear yards. The layout provides distinct parking areas and yard space for each residence, with additional room for Alaska recreational vehicles.
Outdoor features include a raised deck above the carport, a separate driveway serving the garage, and fenced front and rear yards. The layout provides distinct parking areas and yard space for each residence, with additional room for Alaska recreational vehicles.
Key Highlights
- Up‑and‑down duplex built in 1968
- Extensive updates to flooring, trim, doors, paint, kitchens, bathrooms, and appliances
- New boiler system, hot water heater, and baseboard heater covers
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
$31,015
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
5.18%
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%
$620,300
$620.3K
Cap Rate 7%
$443,071
$443.1K
Cap Rate 9%
$344,611
$344.6K
Market Conditions
NOI Build-Up for 2,112 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
$46.9K $22.20/SF
− Vacancy
−$2.6K −$1.22/SF
EGI
$44.3K $20.98/SF
− OpEx
−$13.3K −$6.29/SF
NOI
$31.0K $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%
$620,300
Cap Rate 7%
$443,071
Cap Rate 9%
$344,611
Alternative Uses
Best Use
Multifamily LT 5
$443.1K
$387.7K – $516.9K
NOI $31,015 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$387.8K
$339.3K – $452.5K
NOI $27,147 @ 7.0% cap · market cap 4.53%
Theoretical Best
Specialty Retail
$573.5K
$501.8K – $669.1K
NOI $40,145 @ 7.0% cap · market cap 6.70%
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 99517, AK
16,307
Population
7,718
Households
2.1
Avg Household Size
39
Median Age
40%
College-Educated
95%
High-School Grad
3.2 sq mi
ZIP Area
5,096
Density / Sq Mi
$99,307
Median Household Income
$57,466
Median Earnings
$1,364
Median Rent
$365,300
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-level duplex with refreshed interiors, separate outdoor areas, and parking amenities for both residences.
Where is this duplex located?
The property is located at 4625 Taft Street Anchorage, AK.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Up‑and‑down duplex built in 1968; Extensive updates to flooring, trim, doors, paint, kitchens, bathrooms, and appliances; New boiler system, hot water heater, and baseboard heater covers
