Updated Quadplex with On-Site
For Sale
$640,000
701 Bragaw St, Anchorage, AK 99508
Three two-bedroom units and one three-bedroom unit provide a varied residential configuration with private storage for each unit.
Property Size3,744 SF
Price / SF$170.94
Days on Market42
Property Features for 701 Bragaw St
General Information
Standard status
Active
Size
3,744 SF
Property subtype
Residential Income
Amenities
on-site coin-operated laundry
private storage units
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams Realty Alaska Group of Wasilla
(907) 864-6500
Listed By:
Sarah M Langford
(907) 864-6500
Source:
Exprealty
Added: Jun 26
Changed: Aug 3
Last Checked: Aug 3 at 6:52AM
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 Keller Williams Realty Alaska Group of Wasilla
Investment Insights
Based on property information with market context.
This 3,744-square-foot quadplex in Anchorage contains three two-bedroom apartments and one three-bedroom apartment. Every unit includes a private storage unit, while a coin-operated laundry facility is located on the property for tenant use. The current owner has maintained the building for three years and completed multiple improvements during that period, including exterior insulation and vinyl window installation.
Positioned on a corner lot at 701 Bragaw St, the property is configured as an income-producing four-unit residential asset. Its combination of varied unit sizes, dedicated storage, on-site laundry, and documented building improvements provides a practical setup for continued rental operations.
Positioned on a corner lot at 701 Bragaw St, the property is configured as an income-producing four-unit residential asset. Its combination of varied unit sizes, dedicated storage, on-site laundry, and documented building improvements provides a practical setup for continued rental operations.
Key Highlights
- 3,744 SF quadplex with four residential units
- Unit mix includes three 2‑bedroom units and one 3‑bedroom unit
- Each apartment has its own private storage 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
$54,982
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
8.59%
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%
$1,099,640
$1.1M
Cap Rate 7%
$785,457
$785.5K
Cap Rate 9%
$610,911
$610.9K
Market Conditions
NOI Build-Up for 3,744 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
$83.1K $22.20/SF
− Vacancy
−$4.6K −$1.22/SF
EGI
$78.5K $20.98/SF
− OpEx
−$23.6K −$6.29/SF
NOI
$55.0K $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%
$1,099,640
Cap Rate 7%
$785,457
Cap Rate 9%
$610,911
Alternative Uses
Best Use
Multifamily LT 5
$785.5K
$687.3K – $916.4K
NOI $54,982 @ 7.0% cap · market cap 8.59%
Second Best
Apartment 5plus
$687.5K
$601.6K – $802.1K
NOI $48,124 @ 7.0% cap · market cap 7.52%
Theoretical Best
Specialty Retail
$1.02M
$889.6K – $1.19M
NOI $71,166 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Three two-bedroom units and one three-bedroom unit provide a varied residential configuration with private storage for each unit.
Where is this quadplex located?
The property is located at 701 Bragaw St Anchorage, AK.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: 3,744 SF quadplex with four residential units; Unit mix includes three 2‑bedroom units and one 3‑bedroom unit; Each apartment has its own private storage unit
