Updated Duplex with Covered
For Sale
$259,900
716 N Park St, Anchorage, AK 99508
Two residential units feature fireplaces, yard space, and recent interior improvements across both levels.
Property Size1,577 SF
Price / SF$164.81
Days on Market32
Property Features for 716 N Park St
General Information
Standard status
Active
Size
1,577 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,208
Amenities
fireplace
spacious yard
Building Details
Buildings
1
Listing Agency:
RE/MAX Dynamic Properties
(907) 242-0863
Listed By:
Sandra I Nunes · License #104663
(907) 242-0863
Source:
Exprealty
Added: Jul 11
Changed: Aug 9
Last Checked: Aug 10 at 8:46AM
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 RE/MAX Dynamic Properties
Investment Insights
Based on property information with market context.
This 1,577-square-foot duplex includes two residential units, each with 2 bedrooms, 1 bathroom, a fireplace, covered carport parking, and yard space. The upper unit has been remodeled and is currently rented. Improvements to the lower unit include new flooring, fresh interior paint, kitchen countertops, a new stove, and new trim. The property is being sold as-is.
Located at 716 N Park St in Anchorage’s Mountain View neighborhood, the property offers a two-unit configuration with recent work completed across both levels. The existing rental status of the upper unit adds an established occupancy detail for review by prospective purchasers.
Located at 716 N Park St in Anchorage’s Mountain View neighborhood, the property offers a two-unit configuration with recent work completed across both levels. The existing rental status of the upper unit adds an established occupancy detail for review by prospective purchasers.
Key Highlights
- 1,577‑square‑foot duplex with two 2‑bedroom, 1‑bathroom units
- Each unit includes a fireplace, covered carport, and spacious yard
- Upper unit has been remodeled and is currently rented
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
$23,159
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
8.91%
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%
$463,180
$463.2K
Cap Rate 7%
$330,843
$330.8K
Cap Rate 9%
$257,322
$257.3K
Market Conditions
NOI Build-Up for 1,577 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
$35.0K $22.20/SF
− Vacancy
−$1.9K −$1.22/SF
EGI
$33.1K $20.98/SF
− OpEx
−$9.9K −$6.29/SF
NOI
$23.2K $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%
$463,180
Cap Rate 7%
$330,843
Cap Rate 9%
$257,322
Alternative Uses
Best Use
Multifamily LT 5
$330.8K
$289.5K – $386.0K
NOI $23,159 @ 7.0% cap · market cap 8.91%
Second Best
Apartment 5plus
$289.6K
$253.4K – $337.8K
NOI $20,270 @ 7.0% cap · market cap 7.80%
Theoretical Best
Specialty Retail
$428.2K
$374.7K – $499.6K
NOI $29,976 @ 7.0% cap · market cap 11.53%
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 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature fireplaces, yard space, and recent interior improvements across both levels.
Where is this duplex located?
The property is located at 716 N Park St Anchorage, AK.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 1,577‑square‑foot duplex with two 2‑bedroom, 1‑bathroom units; Each unit includes a fireplace, covered carport, and spacious yard; Upper unit has been remodeled and is currently rented
