Short-Term Rental Property with
For Sale
$899,000
7800 Wisteria St, Anchorage, AK 99502
Two full kitchens and an accessory dwelling unit support flexible residential income use.
Property Size3,480 SF
Price / SF$258.33
Days on Market42
Property Features for 7800 Wisteria St
General Information
Standard status
Active
Size
3,480 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1978
Listing Agency:
Alaska Real Estate Associates, LLC
(907) 644-8850
Listed By:
Colleen Howard
Source:
Griggrealty
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 29 at 11:57AM
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 Alaska Real Estate Associates, LLC
Investment Insights
Based on property information with market context.
This 3,480-square-foot residential income property, built in 1978, includes two full new kitchens designed for cooking and entertaining. The layout also features an accessory dwelling unit, a smaller unit currently used for Airbnb, and a substantial shop. Natural light enters through the welcoming entry area and contributes to the property’s residential character.
Located at 7800 Wisteria St in Anchorage, Alaska, the property offers a configuration that combines a primary residence with additional living space and documented short-term rental use. The accessory unit was used as an Airbnb during the summer, while the smaller unit is actively being used for Airbnb purposes. Buyers and buyer representatives should verify all property information.
Located at 7800 Wisteria St in Anchorage, Alaska, the property offers a configuration that combines a primary residence with additional living space and documented short-term rental use. The accessory unit was used as an Airbnb during the summer, while the smaller unit is actively being used for Airbnb purposes. Buyers and buyer representatives should verify all property information.
Key Highlights
- 3,480‑square‑foot property built in 1978
- Two full new kitchens with ample cooking and entertaining space
- Accessory dwelling unit included
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
$44,730
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
4.98%
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%
$894,600
$894.6K
Cap Rate 7%
$639,000
$639.0K
Cap Rate 9%
$497,000
$497.0K
Market Conditions
NOI Build-Up for 3,480 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
$85.6K $24.60/SF
− Vacancy
−$4.3K −$1.23/SF
EGI
$81.3K $23.37/SF
− OpEx
−$36.6K −$10.52/SF
NOI
$44.7K $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%
$894,600
Cap Rate 7%
$639,000
Cap Rate 9%
$497,000
Alternative Uses
Best Use
Apartment 5plus
$639.0K
$559.1K – $745.5K
NOI $44,730 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$945.0K
$826.9K – $1.10M
NOI $66,148 @ 7.0% cap · market cap 7.36%
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 99502, AK
24,183
Population
9,931
Households
2.4
Avg Household Size
37
Median Age
37%
College-Educated
96%
High-School Grad
17.6 sq mi
ZIP Area
1,374
Density / Sq Mi
$118,494
Median Household Income
$56,190
Median Earnings
$1,661
Median Rent
$408,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Two full kitchens and an accessory dwelling unit support flexible residential income use.
Where is this short term rental property located?
The property is located at 7800 Wisteria St Anchorage, AK.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 3,480‑square‑foot property built in 1978; Two full new kitchens with ample cooking and entertaining space; Accessory dwelling unit included
