Duplex With Separate
For Sale
$535,000
Pending
8230 Kip Ct, Anchorage, AK 99507
Flexible residential income property with a multi-level layout, fenced yard, solar panels, and fruit trees.
Property Size2,556 SF
Days on Market67
Property Features for 8230 Kip Ct
General Information
Standard status
Pending
Size
2,556 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 4BR/2BA, 1 x 2BR
Multifamily Units
2
Amenities
solar panels
beautiful fruit trees
large fenced yard
Building Details
Year Built
1980
Listing Agency:
Real Estate Brokers of Alaska
(907) 310-5600
Listed By:
Jake Fiorelli · License #122283
Source:
Viewanchoragehouses
Added: Jun 25
Changed: Aug 29
Last Checked: Aug 25 at 8:03AM
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 Estate Brokers of Alaska
Investment Insights
Based on property information with market context.
This 2,556-square-foot duplex, built in 1980, offers a multi-level configuration with distinct living areas. The upper level includes two bedrooms and one bathroom, while the lower level provides two bedrooms, a bathroom, and a living area. A separate-entry two-bedroom mother-in-law rental unit adds additional residential income functionality.
The property is located at 8230 Kip Ct in Anchorage, Alaska, within a south Anchorage cul-de-sac setting. Exterior features include solar panels, fruit trees, and a large fenced yard.
The property is located at 8230 Kip Ct in Anchorage, Alaska, within a south Anchorage cul-de-sac setting. Exterior features include solar panels, fruit trees, and a large fenced yard.
Key Highlights
- 2,556 SF duplex built in 1980
- Upper level has 2 bedrooms and 1 bathroom
- Lower level includes 2 bedrooms, a bathroom, and living area
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
$37,536
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
7.02%
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%
$750,720
$750.7K
Cap Rate 7%
$536,229
$536.2K
Cap Rate 9%
$417,067
$417.1K
Market Conditions
NOI Build-Up for 2,556 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
$56.7K $22.20/SF
− Vacancy
−$3.1K −$1.22/SF
EGI
$53.6K $20.98/SF
− OpEx
−$16.1K −$6.29/SF
NOI
$37.5K $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%
$750,720
Cap Rate 7%
$536,229
Cap Rate 9%
$417,067
Alternative Uses
Best Use
Multifamily LT 5
$536.2K
$469.2K – $625.6K
NOI $37,536 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$469.3K
$410.7K – $547.6K
NOI $32,854 @ 7.0% cap · market cap 6.14%
Theoretical Best
Specialty Retail
$694.1K
$607.3K – $809.7K
NOI $48,584 @ 7.0% cap · market cap 9.08%
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 99507, AK
38,199
Population
14,552
Households
2.6
Avg Household Size
36
Median Age
38%
College-Educated
95%
High-School Grad
47.3 sq mi
ZIP Area
808
Density / Sq Mi
$107,347
Median Household Income
$55,197
Median Earnings
$1,546
Median Rent
$371,200
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 - Flexible residential income property with a multi-level layout, fenced yard, solar panels, and fruit trees.
Where is this duplex located?
The property is located at 8230 Kip Ct Anchorage, AK.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 2,556 SF duplex built in 1980; Upper level has 2 bedrooms and 1 bathroom; Lower level includes 2 bedrooms, a bathroom, and living area
