Updated Duplex with Fenced
For Sale
$559,000
Pending
8020 Huckleberry St, Anchorage, AK 99502
Two-unit property with separate living spaces, shared laundry, covered parking, and access to a fenced outdoor area.
Property Size2,392 SF
Days on Market36
Property Features for 8020 Huckleberry St
General Information
Standard status
Pending
Size
2,392 SF
Property subtype
Residential Income
Units
Unit Mix
3BR/1BA, 2BR/1BA
Multifamily Units
2
Additional Details
Furnished
No
Amenities
laundry room
greenhouse
storage shed
covered parking
firepit
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams Realty Alaska Group of Eagle River
(907) 231-7734
Listed By:
Julia Skelley · License #162194
(907) 231-7734
Source:
Exprealty
Added: Jul 8
Changed: Aug 10
Last Checked: Aug 11 at 10:40AM
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 Keller Williams Realty Alaska Group of Eagle River
Investment Insights
Based on property information with market context.
This 2,392-square-foot duplex includes an upper residence with three bedrooms and one bathroom, plus a lower residence with two bedrooms and one bathroom. The lower unit has fresh paint and new luxury vinyl plank flooring, while both units share a laundry room. A new roof was installed in July 2026.
Outdoor features include a spacious front yard, fully fenced backyard, greenhouse, firepit, storage shed, and extended driveway parking with covered spaces. The property is located at 8020 Huckleberry St in Anchorage, near shopping, restaurants, and everyday services, with access to northbound and southbound highways. The property has no HOA.
Outdoor features include a spacious front yard, fully fenced backyard, greenhouse, firepit, storage shed, and extended driveway parking with covered spaces. The property is located at 8020 Huckleberry St in Anchorage, near shopping, restaurants, and everyday services, with access to northbound and southbound highways. The property has no HOA.
Key Highlights
- 2,392 SF duplex with 3‑bedroom/1‑bath upper unit and 2‑bedroom/1‑bath lower unit
- New roof installed July 2026
- Lower unit updated with fresh paint and luxury vinyl plank flooring
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
$35,127
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
6.28%
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%
$702,540
$702.5K
Cap Rate 7%
$501,814
$501.8K
Cap Rate 9%
$390,300
$390.3K
Market Conditions
NOI Build-Up for 2,392 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
$53.1K $22.20/SF
− Vacancy
−$2.9K −$1.22/SF
EGI
$50.2K $20.98/SF
− OpEx
−$15.1K −$6.29/SF
NOI
$35.1K $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%
$702,540
Cap Rate 7%
$501,814
Cap Rate 9%
$390,300
Alternative Uses
Best Use
Multifamily LT 5
$501.8K
$439.1K – $585.5K
NOI $35,127 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$439.2K
$384.3K – $512.4K
NOI $30,746 @ 7.0% cap · market cap 5.50%
Theoretical Best
Specialty Retail
$649.5K
$568.3K – $757.8K
NOI $45,467 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
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?
Duplex - Two-unit property with separate living spaces, shared laundry, covered parking, and access to a fenced outdoor area.
Where is this duplex located?
The property is located at 8020 Huckleberry St Anchorage, AK.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: 2,392 SF duplex with 3‑bedroom/1‑bath upper unit and 2‑bedroom/1‑bath lower unit; New roof installed July 2026; Lower unit updated with fresh paint and luxury vinyl plank flooring
