Maintained Triplex with
New
For Sale
$1,090,000
543 W 12TH Avenue, Anchorage, AK 99501
Flexible three-unit residence with private entrances, dedicated parking, and landscaped outdoor space.
Property Size3,720 SF
Days on Market4
Property Features for 543 W 12TH Avenue
General Information
Standard status
Active
Size
3,720 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 4BR/2BA, 1 x 2BR, 1 x studio
Multifamily Units
3
Amenities
greenhouse
fireplaces
deck
Building Details
Building Size
3,720 SF
Year Built
1950
Listing Agency:
FSBO System Alaska LLC
(907) 707-9713
Listed By:
Julie Marshall · License #157148
Source:
Keiradrehergroup.kw
Added: Aug 27
Changed: Aug 30
Last Checked: Aug 30 at 1:18PM
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.
This well-maintained triplex offers a four-bedroom, two-bath main residence alongside two separate apartments. The primary home includes two fireplaces, an Air Bain soaking tub, a walk-in closet with washer and dryer, an oversized two-car garage, and a dining-area deck. The 1,094-square-foot upper apartment has two bedrooms, a kitchen, utility and laundry room, private access, and dedicated driveway parking. A 726-square-foot studio apartment adds a full kitchen, utility room with washer and dryer, and a three-quarter bathroom.
The property occupies a south- and west-facing corner lot in Anchorage’s South Addition. An enclosed yard, mature hedge, large driveway, and custom 286-square-foot greenhouse expand the usable space. The residence is near the Denali Park Strip, New Sagaya City Market, the coastal trail, lagoon ice skating, downtown shops, and restaurants. Built in 1950, the property also features custom glass and metal artwork that may be included in the sale.
The property occupies a south- and west-facing corner lot in Anchorage’s South Addition. An enclosed yard, mature hedge, large driveway, and custom 286-square-foot greenhouse expand the usable space. The residence is near the Denali Park Strip, New Sagaya City Market, the coastal trail, lagoon ice skating, downtown shops, and restaurants. Built in 1950, the property also features custom glass and metal artwork that may be included in the sale.
Key Highlights
- Three‑unit configuration with a four‑bedroom main residence and two separate apartments
- 1,094‑square‑foot upper apartment with 2 bedrooms, kitchen, utility/laundry room, and private entrance
- 726‑square‑foot studio apartment with full kitchen, utility room, washer/dryer, and ¾ bathroom
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
$54,629
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
5.01%
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%
$1,092,580
$1.1M
Cap Rate 7%
$780,414
$780.4K
Cap Rate 9%
$606,989
$607.0K
Market Conditions
NOI Build-Up for 3,720 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
$82.6K $22.20/SF
− Vacancy
−$4.5K −$1.22/SF
EGI
$78.0K $20.98/SF
− OpEx
−$23.4K −$6.29/SF
NOI
$54.6K $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%
$1,092,580
Cap Rate 7%
$780,414
Cap Rate 9%
$606,989
Alternative Uses
Best Use
Multifamily LT 5
$780.4K
$682.9K – $910.5K
NOI $54,629 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$683.1K
$597.7K – $796.9K
NOI $47,815 @ 7.0% cap · market cap 4.39%
Theoretical Best
Specialty Retail
$1.01M
$883.9K – $1.18M
NOI $70,710 @ 7.0% cap · market cap 6.49%
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 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
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 - Flexible three-unit residence with private entrances, dedicated parking, and landscaped outdoor space.
Where is this triplex located?
The property is located at 543 W 12TH Avenue Anchorage, AK.
What is the asking price?
The asking price for this property is $1,090,000.
What are key features of this property?
This property features: Three‑unit configuration with a four‑bedroom main residence and two separate apartments; 1,094‑square‑foot upper apartment with 2 bedrooms, kitchen, utility/laundry room, and private entrance; 726‑square‑foot studio apartment with full kitchen, utility room, washer/dryer, and ¾ bathroom
