Updated Fourplex with Shared
For Sale
$599,000
624 N Bliss St, Anchorage, AK 99508
Four residential units include a three-bedroom layout, with communal laundry on the first floor.
Property Size4,102 SF
Price / SF$146.03
Days on Market10
Property Features for 624 N Bliss St
General Information
Standard status
Active
Size
4,102 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Mountain View
Additional Details
Multifamily Units
4
Amenities
common laundry
Building Details
Buildings
1
Listing Agency:
Real Broker Alaska
(855) 450-0442
Listed By:
Sean Sullivan
(907) 887-1045
Source:
Exprealty
Added: Oct 16
Changed: Oct 23
Last Checked: Oct 24 at 6:15PM
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 Real Broker Alaska
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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 fourplex contains 4,102 square feet across four residential units, including one three-bedroom unit. Recent improvements include new kitchens, bathrooms and flooring, along with replacement windows and a roof. A shared laundry area is located on the first floor.
Community Gardens and Lions Park are nearby. The mix includes a three-bedroom residence alongside the other units.
Community Gardens and Lions Park are nearby. The mix includes a three-bedroom residence alongside the other units.
Key Highlights
- Fourplex with 4,102 square feet
- One unit has three bedrooms
- Updated kitchens, bathrooms and flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,725
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,054,500
$1.1M
Cap Rate 7%
$753,214
$753.2K
Cap Rate 9%
$585,833
$585.8K
Market Conditions
NOI Build-Up for 4,102 SF
Gross rent
$100.9K $24.60/SF
− Vacancy
−$5.0K −$1.23/SF
EGI
$95.9K $23.37/SF
− OpEx
−$43.1K −$10.52/SF
NOI
$52.7K $12.85/SF
Area
Anchorage, AK
Vacancy
5.00%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,054,500
Cap Rate 7%
$753,214
Cap Rate 9%
$585,833
Alternative Uses
Best Use
Multifamily LT 5
$860.6K
$753.0K – $1.00M
NOI $60,239 @ 7.0% cap · market cap 10.06%
Second Best
Apartment 5plus
$753.2K
$659.1K – $878.8K
NOI $52,725 @ 7.0% cap · market cap 8.80%
Theoretical Best
Specialty Retail
$1.11M
$974.6K – $1.30M
NOI $77,971 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Demographics for 99508, AK
34,394
Population
14,219
Households
2.4
Avg Household Size
34
Median Age
28%
College-Educated
91%
High-School Grad
7.1 sq mi
ZIP Area
4,844
Density / Sq Mi
$72,751
Median Household Income
$40,937
Median Earnings
$1,353
Median Rent
$309,400
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?
Quadplex - Four residential units include a three-bedroom layout, with communal laundry on the first floor.
Where is this quadplex located?
The property is located at 624 N Bliss St Anchorage, AK.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Fourplex with 4,102 square feet; One unit has three bedrooms; Updated kitchens, bathrooms and flooring
