Fourplex Apartment
For Sale
$560,000
641 N Bragaw St, Anchorage, AK 99508
Four-unit residential property in Mountain View with an established rental history.
Property Size3,456 SF
Price / SF$162.04
Days on Market26
Property Features for 641 N Bragaw St
General Information
Standard status
Active
Size
3,456 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
4
Listing Agency:
Real Broker Alaska
(907) 350-7077
Listed By:
Justin L McGhee
(907) 350-7077
Source:
Exprealty
Added: Jul 29
Changed: Aug 20
Last Checked: Aug 23 at 7:41AM
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 fourplex contains 3,456 square feet of residential space and is located at 641 N Bragaw St in Anchorage, Alaska. The property is configured as a four-unit residential income asset.
The property information describes consistent rental income and a history of reliable tenancy. Its Mountain View location places the building within an established Anchorage residential setting.
The property information describes consistent rental income and a history of reliable tenancy. Its Mountain View location places the building within an established Anchorage residential setting.
Key Highlights
- Fourplex configuration with 4 residential units
- 3,456 square feet of property size
- Located at 641 N Bragaw St in Anchorage, AK
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
$50,752
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
9.06%
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%
$1,015,040
$1.0M
Cap Rate 7%
$725,029
$725.0K
Cap Rate 9%
$563,911
$563.9K
Market Conditions
NOI Build-Up for 3,456 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
$76.7K $22.20/SF
− Vacancy
−$4.2K −$1.22/SF
EGI
$72.5K $20.98/SF
− OpEx
−$21.8K −$6.29/SF
NOI
$50.8K $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 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%
$1,015,040
Cap Rate 7%
$725,029
Cap Rate 9%
$563,911
Alternative Uses
Best Use
Multifamily LT 5
$725.0K
$634.4K – $845.9K
NOI $50,752 @ 7.0% cap · market cap 9.06%
Second Best
Apartment 5plus
$634.6K
$555.3K – $740.4K
NOI $44,422 @ 7.0% cap · market cap 7.93%
Theoretical Best
Specialty Retail
$938.5K
$821.2K – $1.09M
NOI $65,692 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential property in Mountain View with an established rental history.
Where is this quadplex located?
The property is located at 641 N Bragaw St Anchorage, AK.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Fourplex configuration with 4 residential units; 3,456 square feet of property size; Located at 641 N Bragaw St in Anchorage, AK
