Four-Unit Short-Term Rental
809 O Pl, Anchorage, AK 99501
For Sale
$1,150,000
Full-building ownership includes four condominium residences with individual carports and established short-term rental operations.
Property Size3,550 SF
Price / SF$323.94
Days on Market94
Property Features for 809 O Pl
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Real Broker B Street
Listed By:
Justin Milette · License AK #122771
(907) 306-9436
Source:
Sellingalaskaco
Added: Aug 12
Changed: Oct 25
Last Checked: Oct 7 at 5:46PM
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 Real Broker B Street
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Investment Insights
Based on property information with market context.
This quadplex is offered as one package comprising four condominium units, providing control of the entire building. Each residence includes 2 bedrooms and 1 bathroom, with 3,550 square feet of combined living space. Every unit also has its own carport. The property is currently operated as a short-term rental portfolio, with all four residences serving vacation-rental guests.
The property is located in Bootleggers Cove, minutes from Downtown, the Coastal Trail, Park Strip, restaurants, shopping, and Anchorage attractions. The existing setup supports continued short-term rental use, while the individual units also provide flexibility for long-term rental or owner occupancy alongside additional rentals.
The property is located in Bootleggers Cove, minutes from Downtown, the Coastal Trail, Park Strip, restaurants, shopping, and Anchorage attractions. The existing setup supports continued short-term rental use, while the individual units also provide flexibility for long-term rental or owner occupancy alongside additional rentals.
Key Highlights
- Four condominium units offered together as one building
- 3,550 square feet of combined living space
- Each unit includes 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,133
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,042,660
$1.0M
Cap Rate 7%
$744,757
$744.8K
Cap Rate 9%
$579,256
$579.3K
Market Conditions
NOI Build-Up for 3,550 SF
Gross rent
$78.8K $22.20/SF
− Vacancy
−$4.3K −$1.22/SF
EGI
$74.5K $20.98/SF
− OpEx
−$22.3K −$6.29/SF
NOI
$52.1K $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 Rate 5%
$1,042,660
Cap Rate 7%
$744,757
Cap Rate 9%
$579,256
Alternative Uses
Best Use
Multifamily LT 5
$744.8K
$651.7K – $868.9K
NOI $52,133 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$651.9K
$570.4K – $760.5K
NOI $45,630 @ 7.0% cap · market cap 3.97%
Theoretical Best
Specialty Retail
$964.0K
$843.5K – $1.12M
NOI $67,478 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Demographics for 99501, AK
18,590
Population
8,906
Households
2.1
Avg Household Size
38
Median Age
40%
College-Educated
92%
High-School Grad
6.7 sq mi
ZIP Area
2,775
Density / Sq Mi
$69,591
Median Household Income
$43,542
Median Earnings
$1,181
Median Rent
$378,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Full-building ownership includes four condominium residences with individual carports and established short-term rental operations.
Where is this quadplex located?
The property is located at 809 O Pl Anchorage, AK.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Four condominium units offered together as one building; 3,550 square feet of combined living space; Each unit includes 2 bedrooms and 1 bathroom
