4-Unit Ranch-Style
For Sale
$450,000
7504 Nathan Drive, Anchorage, AK 99518
Each apartment has a private washer and dryer, a walk-in closet, and exterior storage.
Property Size2,600 SF
Days on Market9
Property Features for 7504 Nathan Drive
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
cosmetic improvements and updating
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Amenities
private washer dryer
walk-in closet
exterior storage unit
Building Details
Building Size
2,600 SF
Year Built
1976
Construction
ranch style
Listing Agency:
Jack White Real Estate
Listed By:
Brian Broderick · License #12465
(907) 562-6464
Source:
Keiradrehergroup.kw
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 14 at 7:54PM
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 Jack White Real Estate
Investment Insights
Based on property information with market context.
This four-unit multifamily property in South Anchorage was built in 1976. All apartments are ranch-style, with one bedroom and one bathroom. Each unit includes a private washer and dryer, a walk-in closet, and an exterior storage unit.
The property requires cosmetic updates and improvements to the shared areas.
The property requires cosmetic updates and improvements to the shared areas.
Key Highlights
- Four one‑bedroom, one‑bath apartments
- Ranch‑style layout in all units
- Private washer and dryer in each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,182
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$763,640
$763.6K
Cap Rate 7%
$545,457
$545.5K
Cap Rate 9%
$424,244
$424.2K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$57.7K $22.20/SF
− Vacancy
−$3.2K −$1.22/SF
EGI
$54.5K $20.98/SF
− OpEx
−$16.4K −$6.29/SF
NOI
$38.2K $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 Rate 5%
$763,640
Cap Rate 7%
$545,457
Cap Rate 9%
$424,244
Alternative Uses
Best Use
Multifamily LT 5
$545.5K
$477.3K – $636.4K
NOI $38,182 @ 7.0% cap · market cap 8.48%
Second Best
Apartment 5plus
$477.4K
$417.7K – $557.0K
NOI $33,419 @ 7.0% cap · market cap 7.43%
Theoretical Best
Specialty Retail
$706.0K
$617.8K – $823.7K
NOI $49,421 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Demographics for 99518, AK
9,861
Population
4,568
Households
2.2
Avg Household Size
36
Median Age
32%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
2,595
Density / Sq Mi
$91,077
Median Household Income
$49,761
Median Earnings
$1,661
Median Rent
$297,900
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Each apartment has a private washer and dryer, a walk-in closet, and exterior storage.
Where is this quadplex located?
The property is located at 7504 Nathan Drive Anchorage, AK.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Four one‑bedroom, one‑bath apartments; Ranch‑style layout in all units; Private washer and dryer in each apartment
