Triplex with Garage
842 Cedar Street, Anchorage, AK 99501
For Sale
New
$559,900
Separate utility metering and connected interiors support flexible use of the three-unit property.
Property Size2,730 SF
Days on Market3
Property Features for 842 Cedar Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Multifamily Units
Individually Metered Utilities
Amenities
fenced yard
shared laundry room
in-unit laundry
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Berkshire Hathaway HomeServices Alaska Realty
Listed By:
Daniel George · License AK #128157
(907) 529-4211
Source:
Keiradrehergroup.kw
Added: Nov 8
Changed: Nov 10
Last Checked: Nov 10 at 2:35PM
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
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Investment Insights
Based on property information with market context.
Built in 1964, this triplex has three units with interior connections, allowing movement between them without going outdoors. The main unit features 11-foot-wide windows, while one one-bedroom unit has its own laundry. A boiler installed less than a year ago serves the property, and separate utility metering is in place.
The corner parcel includes a fenced yard, a tandem deep garage with workshop space, a dual carport, and substantial storage and parking. A shared utility and laundry room provides additional storage; the one-bedroom unit also has in-unit laundry.
The corner parcel includes a fenced yard, a tandem deep garage with workshop space, a dual carport, and substantial storage and parking. A shared utility and laundry room provides additional storage; the one-bedroom unit also has in-unit laundry.
Key Highlights
- Three‑unit property with interior connections between units
- 11‑foot‑wide windows in the main unit
- One‑bedroom unit includes in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,091
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$801,820
$801.8K
Cap Rate 7%
$572,729
$572.7K
Cap Rate 9%
$445,456
$445.5K
Market Conditions
NOI Build-Up for 2,730 SF
Gross rent
$60.6K $22.20/SF
− Vacancy
−$3.3K −$1.22/SF
EGI
$57.3K $20.98/SF
− OpEx
−$17.2K −$6.29/SF
NOI
$40.1K $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%
$801,820
Cap Rate 7%
$572,729
Cap Rate 9%
$445,456
Alternative Uses
Best Use
Multifamily LT 5
$572.7K
$501.1K – $668.2K
NOI $40,091 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$501.3K
$438.6K – $584.8K
NOI $35,090 @ 7.0% cap · market cap 6.27%
Theoretical Best
Specialty Retail
$741.3K
$648.7K – $864.9K
NOI $51,892 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Separate utility metering and connected interiors support flexible use of the three-unit property.
Where is this triplex located?
The property is located at 842 Cedar Street Anchorage, AK.
What is the asking price?
The asking price for this property is $559,900.
What are key features of this property?
This property features: Three‑unit property with interior connections between units; 11‑foot‑wide windows in the main unit; One‑bedroom unit includes in‑unit laundry
