Two-Unit Duplex with Fenced
For Sale
$432,000
Pending
6700 Zurich St, Anchorage, AK 99507
Each residence includes two bedrooms, one-and-a-half baths, and in-unit laundry.
Property Size2,172 SF
Days on Market57
Property Features for 6700 Zurich St
General Information
Standard status
Pending
Size
2,172 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,410
Amenities
fenced yard
patio
in-unit washer and dryer
Listing Agency:
Herrington and Company, LLC
(907) 952-5299
Listed By:
Corey Tolbert
(907) 952-5299
Source:
Exprealty
Added: Jun 16
Changed: Aug 7
Last Checked: Aug 11 at 12:09PM
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 Herrington and Company, LLC
Investment Insights
Based on property information with market context.
This duplex contains two separate residences within a 2,172-square-foot property. Each unit provides two bedrooms and one-and-a-half bathrooms, with layouts designed around practical everyday living. Both residences include their own washer and dryer, adding convenience for occupants.
Exterior features include a fenced yard and patio area shared by the property. The duplex is located at 6700 Zurich St in Anchorage, Alaska, providing a defined residential income asset with two individually configured units.
Exterior features include a fenced yard and patio area shared by the property. The duplex is located at 6700 Zurich St in Anchorage, Alaska, providing a defined residential income asset with two individually configured units.
Key Highlights
- Two‑unit duplex with 2,172 SF of total property size
- Each unit includes 2 bedrooms and 1.5 bathrooms
- In‑unit washer and dryer provided in both residences
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
$31,896
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
7.38%
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%
$637,920
$637.9K
Cap Rate 7%
$455,657
$455.7K
Cap Rate 9%
$354,400
$354.4K
Market Conditions
NOI Build-Up for 2,172 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
$48.2K $22.20/SF
− Vacancy
−$2.7K −$1.22/SF
EGI
$45.6K $20.98/SF
− OpEx
−$13.7K −$6.29/SF
NOI
$31.9K $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%
$637,920
Cap Rate 7%
$455,657
Cap Rate 9%
$354,400
Alternative Uses
Best Use
Multifamily LT 5
$455.7K
$398.7K – $531.6K
NOI $31,896 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$398.8K
$349.0K – $465.3K
NOI $27,918 @ 7.0% cap · market cap 6.46%
Theoretical Best
Specialty Retail
$589.8K
$516.1K – $688.1K
NOI $41,285 @ 7.0% cap · market cap 9.56%
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 99507, AK
38,199
Population
14,552
Households
2.6
Avg Household Size
36
Median Age
38%
College-Educated
95%
High-School Grad
47.3 sq mi
ZIP Area
808
Density / Sq Mi
$107,347
Median Household Income
$55,197
Median Earnings
$1,546
Median Rent
$371,200
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 - Each residence includes two bedrooms, one-and-a-half baths, and in-unit laundry.
Where is this duplex located?
The property is located at 6700 Zurich St Anchorage, AK.
What is the asking price?
The asking price for this property is $432,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,172 SF of total property size; Each unit includes 2 bedrooms and 1.5 bathrooms; In‑unit washer and dryer provided in both residences
