Vacant
624 Karluk Street, Anchorage, AK 99501
For Sale
$475,000
The property is zoned B3 - General Business and sits near shops, cafés, restaurants, and parks.
Property Size2,687 SF
Price / SF$176.78
Days on Market8
Property Features for 624 Karluk Street
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Living Alaska Style Real Estate
Listed By:
Elise E Buchholz · License #104544
(907) 242-0442
Source:
Alaskabuiltrealestate
Added: Nov 2
Changed: Nov 7
Last Checked: Nov 8 at 1:51PM
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 Living Alaska Style Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This vacant triplex was built in 1951 and contains 2,687 square feet. The property is zoned B3 - General Business.
Shops, cafés, restaurants, and parks are nearby in Anchorage. The red building was formerly the city’s first fire department.
Shops, cafés, restaurants, and parks are nearby in Anchorage. The red building was formerly the city’s first fire department.
Key Highlights
- 2,687 square feet
- Built in 1951
- Vacant triplex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,459
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,180
$789.2K
Cap Rate 7%
$563,700
$563.7K
Cap Rate 9%
$438,433
$438.4K
Market Conditions
NOI Build-Up for 2,687 SF
Gross rent
$59.7K $22.20/SF
− Vacancy
−$3.3K −$1.22/SF
EGI
$56.4K $20.98/SF
− OpEx
−$16.9K −$6.29/SF
NOI
$39.5K $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%
$789,180
Cap Rate 7%
$563,700
Cap Rate 9%
$438,433
Alternative Uses
Best Use
Multifamily LT 5
$563.7K
$493.2K – $657.7K
NOI $39,459 @ 7.0% cap · market cap 8.31%
Second Best
Apartment 5plus
$493.4K
$431.7K – $575.6K
NOI $34,537 @ 7.0% cap · market cap 7.27%
Theoretical Best
Specialty Retail
$729.6K
$638.4K – $851.2K
NOI $51,074 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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
Frequently Asked Questions
What type of property is this?
Triplex - The property is zoned B3 - General Business and sits near shops, cafés, restaurants, and parks.
Where is this triplex located?
The property is located at 624 Karluk Street Anchorage, AK.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2,687 square feet; Built in 1951; Vacant triplex
