Triplex with Heated Garage and
842 Cedar Street, Anchorage, AK 99501
For Sale
$559,900
Multi-Family, Anchorage, AK
Property Size2,730 SF
Lot Size0.19 Acres
Price / SF$205.09
Days on Market9
Property Features for 842 Cedar Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Subdivision
Lot features
View
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Amenities
fenced yard
shared laundry room
in-unit laundry
Building Details
Year built
Number of units
Flooring type
Building materials
Listing Agency:
Berkshire Hathaway HomeServices Alaska Realty
(907) 646-3600
Listed By:
Daniel George · License AK #128157
(907) 529-4211
Added: Nov 5
Changed: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 26-13925
Copyright © 2026 Alaska Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,730-square-foot triplex was built in 1964 and sits on a 0.19-acre corner lot in Anchorage. The main unit has 11-foot-wide windows, while the building also includes a shared utility and laundry room with storage. The one-bedroom unit has its own laundry. A boiler installed less than one year ago serves the property, which has wood-frame construction and public sewer service.
The site includes a fenced yard, tandem heated tuck-under garage with workshop space, dual carport, and additional storage and parking. Separate metering and connections between the units allow internal movement without going outdoors. The property is zoned R2D - Two Family Resident.
The site includes a fenced yard, tandem heated tuck-under garage with workshop space, dual carport, and additional storage and parking. Separate metering and connections between the units allow internal movement without going outdoors. The property is zoned R2D - Two Family Resident.
Key Highlights
- Three units on a 0.19‑acre corner lot
- 2,730 square feet; built in 1964
- Tandem heated tuck‑under garage with workshop space, plus dual carport
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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Lease Details
3
Residential units
Yes
Utilities to site
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 - Three separate units offer flexible residential configurations, with shared access between the dwellings.
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 units on a 0.19‑acre corner lot; 2,730 square feet; built in 1964; Tandem heated tuck‑under garage with workshop space, plus dual carport
