Ranch-Style
For Sale
$484,489
Pending
8301 Spruce St, Anchorage, AK 99507
Both residences have laundry, while each offers its own yard and storage shed.
Property Size1,976 SF
Days on Market18
Property Features for 8301 Spruce St
General Information
Standard status
Pending
Size
1,976 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Amenities
laundry
fenced yard
storage shed
garage
private yard
Building Details
Buildings
1
Construction
Ranch
Listing Agency:
Berkshire Hathaway HomeServices Alaska Realty
(907) 646-3600
Listed By:
Brittany N Moses · License #19203
(907) 351-1319
Source:
Exprealty
Added: Sep 21
Changed: Oct 7
Last Checked: Oct 7 at 12:39PM
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 Berkshire Hathaway HomeServices Alaska Realty
Investment Insights
Based on property information with market context.
This ranch-style duplex contains two separate residences. One has two bedrooms and one bathroom, plus laundry, a fenced yard, and a storage shed. The other includes three bedrooms and one bathroom, laundry, a garage, a private yard, and a storage shed.
The property is at 8301 Spruce St in Anchorage, with shopping, parks, schools, and trails nearby. Parking is also available on site.
The property is at 8301 Spruce St in Anchorage, with shopping, parks, schools, and trails nearby. Parking is also available on site.
Key Highlights
- Two‑unit ranch‑style property in Anchorage
- One residence has 2 bedrooms and 1 bathroom; the other has 3 bedrooms and 1 bathroom
- Laundry in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,018
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,360
$580.4K
Cap Rate 7%
$414,543
$414.5K
Cap Rate 9%
$322,422
$322.4K
Market Conditions
NOI Build-Up for 1,976 SF
Gross rent
$43.9K $22.20/SF
− Vacancy
−$2.4K −$1.22/SF
EGI
$41.5K $20.98/SF
− OpEx
−$12.4K −$6.29/SF
NOI
$29.0K $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%
$580,360
Cap Rate 7%
$414,543
Cap Rate 9%
$322,422
Alternative Uses
Best Use
Multifamily LT 5
$414.5K
$362.7K – $483.6K
NOI $29,018 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$362.8K
$317.5K – $423.3K
NOI $25,399 @ 7.0% cap · market cap 5.24%
Theoretical Best
Specialty Retail
$536.6K
$469.5K – $626.0K
NOI $37,560 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences have laundry, while each offers its own yard and storage shed.
Where is this duplex located?
The property is located at 8301 Spruce St Anchorage, AK.
What is the asking price?
The asking price for this property is $484,489.
What are key features of this property?
This property features: Two‑unit ranch‑style property in Anchorage; One residence has 2 bedrooms and 1 bathroom; the other has 3 bedrooms and 1 bathroom; Laundry in both units
