Updated Three-Unit
For Sale
$895,000
521 N St, Anchorage, AK 99501
Three residences with varied layouts, partial ocean views, and access to parks, restaurants, downtown, and local attractions.
Property Size3,224 SF
Lot Size0.16 Acres
Price / SF$277.61
Days on Market49
Property Features for 521 N St
General Information
Standard status
Active
Size
3,224 SF
Total Parking Spaces
3
Lot size
0.16 Acres
Property subtype
Multi-Family
Zoning
R3
Units
Unit Mix
1 x 4BR/2BA, 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Building Details
Year Built
1961
Buildings
1
Listing Agency:
Jack White Real Estate
Listed By:
Carla Stephan, Gabe Stephan
Source:
Sellingalaskaco
Added: Aug 28
Changed: Oct 6
Last Checked: Oct 7 at 3:29PM
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 Jack White Real Estate
Investment Insights
Based on property information with market context.
This three-unit property in Anchorage’s Bootleggers Cove area provides 3,224 square feet of residential space in a configuration that includes a 4-bedroom/2-bath unit, a 2-bedroom/1-bath unit, and a 1-bedroom/1-bath unit. The improvements were updated within the last six years, and the property includes three off-street parking spaces.
Set on a 7,158-square-foot R3-zoned lot, the property was built in 1961 and offers partial ocean views. Its position between Cook Inlet and downtown places parks, restaurants, downtown destinations, and tourist attractions within walkable reach. The three-unit layout supports a range of residential and rental arrangements, including owner occupancy, long-term leasing, and short-term rental use as stated in the property information.
Set on a 7,158-square-foot R3-zoned lot, the property was built in 1961 and offers partial ocean views. Its position between Cook Inlet and downtown places parks, restaurants, downtown destinations, and tourist attractions within walkable reach. The three-unit layout supports a range of residential and rental arrangements, including owner occupancy, long-term leasing, and short-term rental use as stated in the property information.
Key Highlights
- 3,224‑square‑foot triplex with three residential units
- Unit mix: 4BR/2BA, 2BR/1BA, and 1BR/1BA
- Updated within the last 6 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,345
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
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
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 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 5.29%
Second Best
Apartment 5plus
$592.0K
$518.0K – $690.7K
NOI $41,440 @ 7.0% cap · market cap 4.63%
Theoretical Best
Specialty Retail
$875.5K
$766.0K – $1.02M
NOI $61,282 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Demographics for 99501, AK
18,590
Population
8,906
Households
2.1
Avg Household Size
38
Median Age
40%
College-Educated
92%
High-School Grad
6.7 sq mi
ZIP Area
2,775
Density / Sq Mi
$69,591
Median Household Income
$43,542
Median Earnings
$1,181
Median Rent
$378,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residences with varied layouts, partial ocean views, and access to parks, restaurants, downtown, and local attractions.
Where is this triplex located?
The property is located at 521 N St Anchorage, AK.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 3,224‑square‑foot triplex with three residential units; Unit mix: 4BR/2BA, 2BR/1BA, and 1BR/1BA; Updated within the last 6 years
