Duplex with Attached
For Sale
$285,000
733 Price St, Anchorage, AK 99508
The property includes a fenced backyard, dead-end street setting, and access to downtown, shopping, schools, and commuter routes.
Property Size1,943 SF
Price / SF$146.68
Days on Market13
Property Features for 733 Price St
General Information
Standard status
Active
Size
1,943 SF
Total Parking Spaces
1
Property subtype
Residential Income
Additional Details
Road Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,092
Amenities
fenced backyard
Building Details
Buildings
1
Listing Agency:
EXP Realty, LLC Anchorage
Listed By:
Paul L Callaway · License #18479
(907) 570-1110
Source:
Exprealty
Added: Sep 10
Changed: Sep 19
Last Checked: Sep 21 at 2:13PM
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 EXP Realty, LLC Anchorage
Investment Insights
Based on property information with market context.
This Anchorage duplex contains 4 bedrooms and 2 bathrooms within approximately 1,943 square feet. The lower unit was recently rented, while the attached extra-large one-car garage provides enclosed parking along with space for storage or work use. A fenced backyard adds usable outdoor area to the property.
Located at 733 Price St on a dead-end street, the duplex offers access to downtown Anchorage, JBER, shopping, schools, and major commuter routes. The combination of two residential units, an attached garage, and outdoor space creates a practical configuration for an owner-occupant or rental property buyer.
Located at 733 Price St on a dead-end street, the duplex offers access to downtown Anchorage, JBER, shopping, schools, and major commuter routes. The combination of two residential units, an attached garage, and outdoor space creates a practical configuration for an owner-occupant or rental property buyer.
Key Highlights
- Duplex with 4 bedrooms and 2 bathrooms
- Approximately 1,943 square feet
- Extra‑large attached one‑car garage
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
$24,974
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
8.76%
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%
$499,480
$499.5K
Cap Rate 7%
$356,771
$356.8K
Cap Rate 9%
$277,489
$277.5K
Market Conditions
NOI Build-Up for 1,943 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
$47.8K $24.60/SF
− Vacancy
−$2.4K −$1.23/SF
EGI
$45.4K $23.37/SF
− OpEx
−$20.4K −$10.52/SF
NOI
$25.0K $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 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%
$499,480
Cap Rate 7%
$356,771
Cap Rate 9%
$277,489
Alternative Uses
Best Use
Multifamily LT 5
$407.6K
$356.7K – $475.6K
NOI $28,534 @ 7.0% cap · market cap 10.01%
Second Best
Apartment 5plus
$356.8K
$312.2K – $416.2K
NOI $24,974 @ 7.0% cap · market cap 8.76%
Theoretical Best
Specialty Retail
$527.6K
$461.7K – $615.6K
NOI $36,933 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
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
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 - The property includes a fenced backyard, dead-end street setting, and access to downtown, shopping, schools, and commuter routes.
Where is this duplex located?
The property is located at 733 Price St Anchorage, AK.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Duplex with 4 bedrooms and 2 bathrooms; Approximately 1,943 square feet; Extra‑large attached one‑car garage
