Side-by-Side Duplex with Updated
For Sale
$574,995
Pending
6327 High Pl, Anchorage, AK 99502
Two attached residences offer refreshed finishes, newer windows, tenant and guest parking, and flexible owner-occupant or rental use.
Property Size3,078 SF
Lot Size0.50 Acres
Days on Market19
Property Features for 6327 High Pl
General Information
Standard status
Pending
Size
3,078 SF
Lot size
0.50 Acres
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Building Details
Buildings
1
Listing Agency:
Real Broker Alaska
(907) 227-9107
Listed By:
Melanee D Pattie
(907) 227-9107
Source:
Exprealty
Added: Aug 6
Changed: Aug 21
Last Checked: Aug 23 at 6:02AM
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
Investment Insights
Based on property information with market context.
This 3,078 SF side-by-side duplex provides two separate residential units on a half-acre lot. The primary unit includes updated kitchen cabinetry, countertops, and bathroom finishes, while both residences have newer windows. A newer roof and high-efficiency boiler add to the property’s recent improvements. Vaulted bedrooms with cedar ceilings bring distinctive character to the interiors.
The lot provides parking for tenants and guests and supports flexible use as an income property or an owner-occupied residence with rental income from the second unit. The property is located at 6327 High Pl in Anchorage, AK.
The lot provides parking for tenants and guests and supports flexible use as an income property or an owner-occupied residence with rental income from the second unit. The property is located at 6327 High Pl in Anchorage, AK.
Key Highlights
- 3,078 SF side‑by‑side duplex
- Half‑acre lot with parking for tenants and guests
- Primary unit has updated kitchen cabinets, countertops, and bathroom finishes
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
$45,201
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
7.86%
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%
$904,020
$904.0K
Cap Rate 7%
$645,729
$645.7K
Cap Rate 9%
$502,233
$502.2K
Market Conditions
NOI Build-Up for 3,078 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
$68.3K $22.20/SF
− Vacancy
−$3.8K −$1.22/SF
EGI
$64.6K $20.98/SF
− OpEx
−$19.4K −$6.29/SF
NOI
$45.2K $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 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%
$904,020
Cap Rate 7%
$645,729
Cap Rate 9%
$502,233
Alternative Uses
Best Use
Multifamily LT 5
$645.7K
$565.0K – $753.4K
NOI $45,201 @ 7.0% cap · market cap 7.86%
Second Best
Apartment 5plus
$565.2K
$494.5K – $659.4K
NOI $39,563 @ 7.0% cap · market cap 6.88%
Theoretical Best
Specialty Retail
$835.8K
$731.3K – $975.1K
NOI $58,507 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Demographics for 99502, AK
24,183
Population
9,931
Households
2.4
Avg Household Size
37
Median Age
37%
College-Educated
96%
High-School Grad
17.6 sq mi
ZIP Area
1,374
Density / Sq Mi
$118,494
Median Household Income
$56,190
Median Earnings
$1,661
Median Rent
$408,000
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?
Duplex - Two attached residences offer refreshed finishes, newer windows, tenant and guest parking, and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 6327 High Pl Anchorage, AK.
What is the asking price?
The asking price for this property is $574,995.
What are key features of this property?
This property features: 3,078 SF side‑by‑side duplex; Half‑acre lot with parking for tenants and guests; Primary unit has updated kitchen cabinets, countertops, and bathroom finishes
