Two-Unit Ranch-Style
5606 Sheltie Ave, Anchorage, AK 99504
For Sale
$499,900
Pending
Two-bedroom residences include private baths, carports, and updated features in one unit.
Property Size2,026 SF
Days on Market36
Property Features for 5606 Sheltie Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Construction
Listing Agency:
Keller Williams Realty Alaska Group
(907) 865-6500
Listed By:
Gordon Sloane
(907) 244-3381
Source:
Exprealty
Added: Oct 6
Changed: Nov 9
Last Checked: Nov 8 at 7:23AM
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 Keller Williams Realty Alaska Group
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Investment Insights
Based on property information with market context.
This ranch-style duplex contains two 2-bedroom, 1-bath units, each with a 1-car carport. One residence has been remodeled with an updated kitchen, newer stove, refrigerator and dishwasher, LVP flooring, fresh paint, and an updated bath. Vinyl windows are installed throughout the property.
The building measures 2,026 square feet and sits on a large corner lot in an established neighborhood. Boilers and tankless water heaters were installed around 2013, and the roof was replaced in 2018.
The building measures 2,026 square feet and sits on a large corner lot in an established neighborhood. Boilers and tankless water heaters were installed around 2013, and the roof was replaced in 2018.
Key Highlights
- Two 2‑bedroom, 1‑bath units, each with a 1‑car carport
- One unit features a remodeled kitchen, newer stove, refrigerator and dishwasher, LVP flooring, paint, and updated bath
- Vinyl windows installed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,752
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,040
$595.0K
Cap Rate 7%
$425,029
$425.0K
Cap Rate 9%
$330,578
$330.6K
Market Conditions
NOI Build-Up for 2,026 SF
Gross rent
$45.0K $22.20/SF
− Vacancy
−$2.5K −$1.22/SF
EGI
$42.5K $20.98/SF
− OpEx
−$12.8K −$6.29/SF
NOI
$29.8K $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%
$595,040
Cap Rate 7%
$425,029
Cap Rate 9%
$330,578
Alternative Uses
Best Use
Multifamily LT 5
$425.0K
$371.9K – $495.9K
NOI $29,752 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$372.0K
$325.5K – $434.0K
NOI $26,041 @ 7.0% cap · market cap 5.21%
Theoretical Best
Specialty Retail
$550.1K
$481.4K – $641.8K
NOI $38,510 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom residences include private baths, carports, and updated features in one unit.
Where is this duplex located?
The property is located at 5606 Sheltie Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units, each with a 1‑car carport; One unit features a remodeled kitchen, newer stove, refrigerator and dishwasher, LVP flooring, paint, and updated bath; Vinyl windows installed
