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 Market9
Property Features for 6741 E 11th Ave
General Information
Standard status
Pending
Size
1,350 SF
Property subtype
Residential Income
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: Sep 19
Last Checked: Sep 21 at 10:39AM
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 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 = 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
$19,825
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
6.70%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
Current Use
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
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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
