Renovated Duplex with Rear
For Sale
$520,000
621 E 73rd Avenue, Anchorage, AK 99518
Both residences offer three bedrooms and one bathroom, with shared outdoor storage and a tree-shaded deck.
Property Size2,400 SF
Days on Market9
Property Features for 621 E 73rd Avenue
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Amenities
back deck
storage shed
Building Details
Building Size
2,400 SF
Year Built
1979
Listing Agency:
Jack White Real Estate
Listed By:
Elena Cedano · License #16308
(907) 273-7319
Source:
Keiradrehergroup.kw
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 12 at 4:43PM
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 duplex, built in 1979, has been renovated with new carpet and fresh paint. Each of its two units contains three bedrooms and one bathroom, providing a matching layout across the property. A rear deck, mature trees, and two storage sheds add outdoor and storage features.
The property is at 621 E 73rd Avenue in Anchorage, with shopping, banks, gas stations, and public transportation nearby.
The property is at 621 E 73rd Avenue in Anchorage, with shopping, banks, gas stations, and public transportation nearby.
Key Highlights
- Two units, each with three bedrooms and one bathroom
- Renovated with new carpet and fresh paint
- Built in 1979
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,245
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,900
$704.9K
Cap Rate 7%
$503,500
$503.5K
Cap Rate 9%
$391,611
$391.6K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$53.3K $22.20/SF
− Vacancy
−$2.9K −$1.22/SF
EGI
$50.3K $20.98/SF
− OpEx
−$15.1K −$6.29/SF
NOI
$35.2K $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 Rate 5%
$704,900
Cap Rate 7%
$503,500
Cap Rate 9%
$391,611
Alternative Uses
Best Use
Multifamily LT 5
$503.5K
$440.6K – $587.4K
NOI $35,245 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$440.7K
$385.6K – $514.1K
NOI $30,848 @ 7.0% cap · market cap 5.93%
Theoretical Best
Specialty Retail
$651.7K
$570.2K – $760.3K
NOI $45,619 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Demographics for 99518, AK
9,861
Population
4,568
Households
2.2
Avg Household Size
36
Median Age
32%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
2,595
Density / Sq Mi
$91,077
Median Household Income
$49,761
Median Earnings
$1,661
Median Rent
$297,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Duplex - Both residences offer three bedrooms and one bathroom, with shared outdoor storage and a tree-shaded deck.
Where is this duplex located?
The property is located at 621 E 73rd Avenue Anchorage, AK.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Two units, each with three bedrooms and one bathroom; Renovated with new carpet and fresh paint; Built in 1979
