Remodeled Duplex with RV
For Sale
$437,000
Pending
519 S Bragaw St, Anchorage, AK 99508
Two-unit property with separate utilities, shared laundry, storage sheds, and parking for residents and recreational vehicles.
Property Size1,920 SF
Days on Market113
Property Features for 519 S Bragaw St
General Information
Standard status
Pending
Size
1,920 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Amenities
secure building
on-site laundry
secure parking
storage sheds
RV parking
Building Details
Year Built
1965
Buildings
1
Listing Agency:
Real Estate Brokers of Alaska
(907) 227-4578
Listed By:
Sabina Clark
Source:
Viewanchoragehouses
Added: May 10
Changed: Aug 28
Last Checked: Aug 29 at 10:29AM
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 Estate Brokers of Alaska
Investment Insights
Based on property information with market context.
This duplex contains 1,920 square feet across two units, with three bedrooms upstairs and two bedrooms downstairs. The property was built in 1965 and includes separate electric meters, a shared laundry facility, two storage sheds, secure parking, and RV parking. The building is located at 519 S Bragaw St in Anchorage, near the east side Costco.
The upper unit has a remodeled layout with new doors, fresh paint, updated flooring and trim, and a new air conditioner. The lower unit features triple-pane windows, a remodeled shower completed in 2024, and stainless steel appliances. The configuration supports separate occupancy while providing shared access to laundry and on-site storage.
The upper unit has a remodeled layout with new doors, fresh paint, updated flooring and trim, and a new air conditioner. The lower unit features triple-pane windows, a remodeled shower completed in 2024, and stainless steel appliances. The configuration supports separate occupancy while providing shared access to laundry and on-site storage.
Key Highlights
- 1,920 SF duplex built in 1965
- Three bedrooms upstairs and two bedrooms downstairs
- Upstairs improvements include a remodeled layout, new doors, paint, flooring, trim, and air conditioner
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
$28,196
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
6.45%
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%
$563,920
$563.9K
Cap Rate 7%
$402,800
$402.8K
Cap Rate 9%
$313,289
$313.3K
Market Conditions
NOI Build-Up for 1,920 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
$42.6K $22.20/SF
− Vacancy
−$2.3K −$1.22/SF
EGI
$40.3K $20.98/SF
− OpEx
−$12.1K −$6.29/SF
NOI
$28.2K $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 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%
$563,920
Cap Rate 7%
$402,800
Cap Rate 9%
$313,289
Alternative Uses
Best Use
Multifamily LT 5
$402.8K
$352.5K – $469.9K
NOI $28,196 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$352.6K
$308.5K – $411.3K
NOI $24,679 @ 7.0% cap · market cap 5.65%
Theoretical Best
Specialty Retail
$521.4K
$456.2K – $608.3K
NOI $36,495 @ 7.0% cap · market cap 8.35%
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 - Two-unit property with separate utilities, shared laundry, storage sheds, and parking for residents and recreational vehicles.
Where is this duplex located?
The property is located at 519 S Bragaw St Anchorage, AK.
What is the asking price?
The asking price for this property is $437,000.
What are key features of this property?
This property features: 1,920 SF duplex built in 1965; Three bedrooms upstairs and two bedrooms downstairs; Upstairs improvements include a remodeled layout, new doors, paint, flooring, trim, and air conditioner
