Ranch-Style
For Sale
$295,900
Pending
6741 E 11th Ave, Anchorage, AK 99504
Two-unit residential income property with a one-bedroom layout and a separate two-bedroom unit.
Property Size1,350 SF
Days on Market54
Property Features for 6741 E 11th Ave
General Information
Standard status
Pending
Size
1,350 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Northeast
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$1,100
Building Details
Buildings
1
Construction
Ranch Style
Tenancy
Multi
Listing Agency:
Real Broker Alaska
(855) 450-0442
Listed By:
July Leslie
(907) 830-1291
Source:
Exprealty
Added: Sep 14
Changed: Nov 1
Last Checked: Nov 4 at 2:53PM
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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Investment Insights
Based on property information with market context.
This ranch-style duplex contains two separate residences within approximately 1,350 square feet. One unit offers one bedroom and one bathroom, while the other provides two bedrooms and one bathroom. The property also includes a yard.
Both leases are month to month, and both current occupants are in the process of moving out. Residents are responsible for electric and garbage service, while the owner pays water and gas. The property is located at 6741 E 11th Ave in Anchorage, Alaska.
Both leases are month to month, and both current occupants are in the process of moving out. Residents are responsible for electric and garbage service, while the owner pays water and gas. The property is located at 6741 E 11th Ave in Anchorage, Alaska.
Key Highlights
- Two‑unit ranch‑style duplex at 6741 E 11th Ave, Anchorage, AK
- Approximately 1,350 square feet
- One 1‑bedroom, 1‑bath unit and one 2‑bedroom, 1‑bath unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,825
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$396,500
$396.5K
Cap Rate 7%
$283,214
$283.2K
Cap Rate 9%
$220,278
$220.3K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$30.0K $22.20/SF
− Vacancy
−$1.6K −$1.22/SF
EGI
$28.3K $20.98/SF
− OpEx
−$8.5K −$6.29/SF
NOI
$19.8K $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 Rate 5%
$396,500
Cap Rate 7%
$283,214
Cap Rate 9%
$220,278
Alternative Uses
Best Use
Multifamily LT 5
$283.2K
$247.8K – $330.4K
NOI $19,825 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$247.9K
$216.9K – $289.2K
NOI $17,352 @ 7.0% cap · market cap 5.86%
Theoretical Best
Specialty Retail
$366.6K
$320.8K – $427.7K
NOI $25,661 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Demographics for 99504, AK
42,375
Population
17,720
Households
2.4
Avg Household Size
34
Median Age
31%
College-Educated
91%
High-School Grad
36.8 sq mi
ZIP Area
1,151
Density / Sq Mi
$83,338
Median Household Income
$46,883
Median Earnings
$1,529
Median Rent
$309,200
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?
Duplex - Two-unit residential income property with a one-bedroom layout and a separate two-bedroom unit.
Where is this duplex located?
The property is located at 6741 E 11th Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $295,900.
What are key features of this property?
This property features: Two‑unit ranch‑style duplex at 6741 E 11th Ave, Anchorage, AK; Approximately 1,350 square feet; One 1‑bedroom, 1‑bath unit and one 2‑bedroom, 1‑bath unit
