Duplex with Exterior
New
For Sale
$532,500
Pending
711 Cedar Street, Anchorage, AK 99501
Two units can support shared occupancy or separate rentals.
Property Size2,458 SF
Days on Market3
Property Features for 711 Cedar Street
General Information
Standard status
Pending
Size
2,458 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Government Hill
Additional Details
Multifamily Units
2
Building Details
Building Size
2,458 SF
Year Built
1962
Listing Agency:
Herrington and Company, LLC
Listed By:
Rod Rodriguez · License #15245
(907) 727-7227
Source:
Keiradrehergroup.kw
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 24 at 3:11PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1962, this duplex has two units and an upstairs primary suite with a private bath, jacuzzi tub, shower, and exterior deck. The property also features a fenced yard and two matching storage sheds. A roof replacement is listed for 2026, and most windows have been replaced; the heating system is newer.
Key Highlights
- Two‑unit duplex with potential for separate rentals
- Roof replacement listed for 2026
- Most windows have been replaced; newer heating system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,096
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$721,920
$721.9K
Cap Rate 7%
$515,657
$515.7K
Cap Rate 9%
$401,067
$401.1K
Market Conditions
NOI Build-Up for 2,458 SF
Gross rent
$54.6K $22.20/SF
− Vacancy
−$3.0K −$1.22/SF
EGI
$51.6K $20.98/SF
− OpEx
−$15.5K −$6.29/SF
NOI
$36.1K $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%
$721,920
Cap Rate 7%
$515,657
Cap Rate 9%
$401,067
Alternative Uses
Best Use
Multifamily LT 5
$515.7K
$451.2K – $601.6K
NOI $36,096 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$451.3K
$394.9K – $526.6K
NOI $31,594 @ 7.0% cap · market cap 5.93%
Theoretical Best
Specialty Retail
$667.5K
$584.0K – $778.7K
NOI $46,722 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Demographics for 99501, AK
18,590
Population
8,906
Households
2.1
Avg Household Size
38
Median Age
40%
College-Educated
92%
High-School Grad
6.7 sq mi
ZIP Area
2,775
Density / Sq Mi
$69,591
Median Household Income
$43,542
Median Earnings
$1,181
Median Rent
$378,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two units can support shared occupancy or separate rentals.
Where is this duplex located?
The property is located at 711 Cedar Street Anchorage, AK.
What is the asking price?
The asking price for this property is $532,500.
What are key features of this property?
This property features: Two‑unit duplex with potential for separate rentals; Roof replacement listed for 2026; Most windows have been replaced; newer heating system
