Four-Unit
For Sale
$844,900
510 San Juan Cir, Anchorage, AK 99504
Each home offers three bedrooms and two bathrooms within a spacious residential layout.
Property Size4,500 SF
Price / SF$187.76
Days on Market82
Property Features for 510 San Juan Cir
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Listing Agency:
EXP Realty, LLC
(817) 296-4757
Listed By:
Jeduthun C Carpenter · License #110384
(817) 296-4757
Source:
Exprealty
Added: Jun 11
Changed: Aug 28
Last Checked: Aug 30 at 8:36PM
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.
This four-unit residential property contains 4,500 square feet and was built in 1986. Each residence includes three bedrooms and two bathrooms, creating a consistent configuration across the building. The quadplex format provides four separate living units within one multifamily asset.
The property is located at 510 San Juan Cir in Anchorage, Alaska. Its established construction date and four-unit layout provide a straightforward physical profile for evaluating the property as a residential income asset.
The property is located at 510 San Juan Cir in Anchorage, Alaska. Its established construction date and four-unit layout provide a straightforward physical profile for evaluating the property as a residential income asset.
Key Highlights
- Four‑unit quadplex configuration
- 4,500 square feet of total property size
- Each unit includes 3 bedrooms and 2 bathrooms
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
$66,084
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
7.82%
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%
$1,321,680
$1.3M
Cap Rate 7%
$944,057
$944.1K
Cap Rate 9%
$734,267
$734.3K
Market Conditions
NOI Build-Up for 4,500 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
$99.9K $22.20/SF
− Vacancy
−$5.5K −$1.22/SF
EGI
$94.4K $20.98/SF
− OpEx
−$28.3K −$6.29/SF
NOI
$66.1K $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%
$1,321,680
Cap Rate 7%
$944,057
Cap Rate 9%
$734,267
Alternative Uses
Best Use
Multifamily LT 5
$944.1K
$826.1K – $1.10M
NOI $66,084 @ 7.0% cap · market cap 7.82%
Second Best
Apartment 5plus
$826.3K
$723.0K – $964.0K
NOI $57,841 @ 7.0% cap · market cap 6.85%
Theoretical Best
Specialty Retail
$1.22M
$1.07M – $1.43M
NOI $85,536 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Demographics for 99504, AK
42,375
Population
17,720
Households
2.4
Avg Household Size
34
Median Age
31%
College-Educated
91%
High-School Grad
36.8 sq mi
ZIP Area
1,151
Density / Sq Mi
$83,338
Median Household Income
$46,883
Median Earnings
$1,529
Median Rent
$309,200
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?
Quadplex - Each home offers three bedrooms and two bathrooms within a spacious residential layout.
Where is this quadplex located?
The property is located at 510 San Juan Cir Anchorage, AK.
What is the asking price?
The asking price for this property is $844,900.
What are key features of this property?
This property features: Four‑unit quadplex configuration; 4,500 square feet of total property size; Each unit includes 3 bedrooms and 2 bathrooms
