Updated Duplex with Covered
716 N Park St, Anchorage, AK 99508
For Sale
$243,900
Two residential units feature fireplaces, yard space, and recent interior improvements across both levels.
Property Size1,577 SF
Price / SF$154.66
Days on Market95
Property Features for 716 N Park St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
fireplace
spacious yard
Building Details
Year Built
Buildings
Listing Agency:
RE/MAX Dynamic Properties
Listed By:
Sandra I Nunes, Sarah Nunes · License AK #104663
(907) 242-0863
Source:
Griggrealty
Added: Aug 8
Changed: Oct 25
Last Checked: Oct 7 at 1:05PM
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
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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 / Yr
$20,270
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,400
$405.4K
Cap Rate 7%
$289,571
$289.6K
Cap Rate 9%
$225,222
$225.2K
Market Conditions
NOI Build-Up for 1,577 SF
Gross rent
$38.8K $24.60/SF
− Vacancy
−$1.9K −$1.23/SF
EGI
$36.9K $23.37/SF
− OpEx
−$16.6K −$10.52/SF
NOI
$20.3K $12.85/SF
Area
Anchorage, AK
Vacancy
5.00%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,400
Cap Rate 7%
$289,571
Cap Rate 9%
$225,222
Alternative Uses
Best Use
Multifamily LT 5
$330.8K
$289.5K – $386.0K
NOI $23,159 @ 7.0% cap · market cap 9.50%
Second Best
Apartment 5plus
$289.6K
$253.4K – $337.8K
NOI $20,270 @ 7.0% cap · market cap 8.31%
Theoretical Best
Specialty Retail
$428.2K
$374.7K – $499.6K
NOI $29,976 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with authorities.
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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
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Market
Vacancy Rate% for Multifamily in West region
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 $243,900.
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
