Four-Unit Property Near
For Sale
$575,000
8421 E 3rd Ave, Anchorage, AK 99504
Residential income property with four units and access to Anchorage-area shopping, dining, schools, and commuter routes.
Property Size2,470 SF
Price / SF$232.79
Days on Market117
Property Features for 8421 E 3rd Ave
General Information
Standard status
Active
Size
2,470 SF
Property subtype
Multi-Family
Building Details
Year Built
1982
Listing Agency:
Real Broker Alaska
Listed By:
Tyler Cobb
(814) 282-3697
Source:
Seehomesinalaska
Added: Jun 14
Changed: Oct 1
Last Checked: Oct 7 at 12:49PM
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 Alaska
Investment Insights
Based on property information with market context.
This four-unit residential income property is located at 8421 E 3rd Ave in Anchorage, Alaska. The property is described as income-producing and is positioned minutes from JBER.
Shopping, dining, schools, and major commuter routes are identified in the surrounding area, providing access to everyday services and regional travel connections.
Shopping, dining, schools, and major commuter routes are identified in the surrounding area, providing access to everyday services and regional travel connections.
Key Highlights
- Four‑unit residential income property
- Located at 8421 E 3rd Ave, Anchorage, AK
- Minutes from JBER
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,273
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,460
$725.5K
Cap Rate 7%
$518,186
$518.2K
Cap Rate 9%
$403,033
$403.0K
Market Conditions
NOI Build-Up for 2,470 SF
Gross rent
$54.8K $22.20/SF
− Vacancy
−$3.0K −$1.22/SF
EGI
$51.8K $20.98/SF
− OpEx
−$15.5K −$6.29/SF
NOI
$36.3K $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%
$725,460
Cap Rate 7%
$518,186
Cap Rate 9%
$403,033
Alternative Uses
Best Use
Multifamily LT 5
$518.2K
$453.4K – $604.6K
NOI $36,273 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$453.5K
$396.9K – $529.1K
NOI $31,748 @ 7.0% cap · market cap 5.52%
Theoretical Best
Specialty Retail
$670.7K
$586.9K – $782.5K
NOI $46,950 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Demographics for 99504, AK
42,375
Population
17,720
Households
2.4
Avg Household Size
34
Median Age
31%
College-Educated
91%
High-School Grad
36.8 sq mi
ZIP Area
1,151
Density / Sq Mi
$83,338
Median Household Income
$46,883
Median Earnings
$1,529
Median Rent
$309,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Residential income property with four units and access to Anchorage-area shopping, dining, schools, and commuter routes.
Where is this quadplex located?
The property is located at 8421 E 3rd Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Four‑unit residential income property; Located at 8421 E 3rd Ave, Anchorage, AK; Minutes from JBER
