Ranch-Style Triplex with
For Sale
$599,900
Pending
5131 Hatcher Cir, Anchorage, AK 99508
Ranch-style multifamily property with three separately configured units and outdoor space serving two residences.
Property Size2,744 SF
Days on Market13
Property Features for 5131 Hatcher Cir
General Information
Standard status
Pending
Size
2,744 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BD/1BA, 1 x 2BD/1BA, 1 x 1BD/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,220
Amenities
storage shed
yard space
Building Details
Construction
ranch-style
Listing Agency:
Realty ONE Group Aurora
(907) 529-8623
Listed By:
Amy Raiche · License #156181
(907) 529-8623
Source:
Exprealty
Added: Jul 30
Changed: Aug 10
Last Checked: Aug 11 at 12:44PM
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 Realty ONE Group Aurora
Investment Insights
Based on property information with market context.
This ranch-style triplex contains three residential units totaling 2,744 square feet. The configuration includes one three-bedroom, one-bath unit, one two-bedroom, one-bath unit, and one one-bedroom, one-bath unit. Each residence has its own storage shed, while two units include dedicated yard areas.
The property is located at 5131 Hatcher Cir in Anchorage, AK. Long-term tenants currently occupy the units and have expressed interest in remaining, providing established occupancy for the existing configuration.
The property is located at 5131 Hatcher Cir in Anchorage, AK. Long-term tenants currently occupy the units and have expressed interest in remaining, providing established occupancy for the existing configuration.
Key Highlights
- Three‑unit ranch‑style property totaling 2,744 square feet
- Unit mix includes 3BD/1BA, 2BD/1BA, and 1BD/1BA residences
- Each unit includes a storage shed
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
$40,296
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
6.72%
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%
$805,920
$805.9K
Cap Rate 7%
$575,657
$575.7K
Cap Rate 9%
$447,733
$447.7K
Market Conditions
NOI Build-Up for 2,744 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
$60.9K $22.20/SF
− Vacancy
−$3.4K −$1.22/SF
EGI
$57.6K $20.98/SF
− OpEx
−$17.3K −$6.29/SF
NOI
$40.3K $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%
$805,920
Cap Rate 7%
$575,657
Cap Rate 9%
$447,733
Alternative Uses
Best Use
Multifamily LT 5
$575.7K
$503.7K – $671.6K
NOI $40,296 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$503.9K
$440.9K – $587.8K
NOI $35,270 @ 7.0% cap · market cap 5.88%
Theoretical Best
Specialty Retail
$745.1K
$652.0K – $869.3K
NOI $52,158 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
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?
Triplex - Ranch-style multifamily property with three separately configured units and outdoor space serving two residences.
Where is this triplex located?
The property is located at 5131 Hatcher Cir Anchorage, AK.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Three‑unit ranch‑style property totaling 2,744 square feet; Unit mix includes 3BD/1BA, 2BD/1BA, and 1BD/1BA residences; Each unit includes a storage shed
