Quadplex With Mixed Unit
For Sale
$650,000
8500 Golden St, Anchorage, AK 99502
Includes one three-bedroom residence and three two-bedroom residences, plus shared laundry facilities.
Property Size3,884 SF
Lot Size0.23 Acres
Price / SF$167.35
Days on Market78
Property Features for 8500 Golden St
General Information
Standard status
Active
Size
3,884 SF
Lot size
0.23 Acres
Property subtype
Multi-Family
Occupancy
75%
Units
Unit Mix
1 x 3BR/1BA, 3 x 2BR/1BA
Multifamily Units
4
Amenities
shared laundry room
Building Details
Year Built
1976
Buildings
1
Listing Agency:
RE/MAX Dynamic Properties
Listed By:
Elizabeth Hooper · License #14367
(907) 227-6794
Source:
Kristancole
Added: Jul 29
Changed: Oct 6
Last Checked: Oct 7 at 3:11PM
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 RE/MAX Dynamic Properties
Investment Insights
Based on property information with market context.
This 3,884-square-foot quadplex, built in 1976, includes four one-bath units: one 3-bedroom residence and three 2-bedroom residences. The property occupies a 10,136-square-foot lot and includes a shared laundry room configured for two washers and two dryers. Recent improvements include a roof replacement completed in 2025, a heating system installed in 2022, an updated exterior paint finish, and two rebuilt upstairs decks. New gutters are scheduled for installation.
The property is located at 8500 Golden St in Anchorage’s Sand Lake area, with Jewel Lake Park, Kincaid Park, the airport, schools, and shopping identified nearby. Three units are occupied, while unit 3 is vacant. Units 1, 2, and 4 are identified with existing rents, and the property includes a mix of long-term and current tenancy.
The property is located at 8500 Golden St in Anchorage’s Sand Lake area, with Jewel Lake Park, Kincaid Park, the airport, schools, and shopping identified nearby. Three units are occupied, while unit 3 is vacant. Units 1, 2, and 4 are identified with existing rents, and the property includes a mix of long-term and current tenancy.
Key Highlights
- Four‑unit quadplex with one 3‑bedroom/1‑bath unit and three 2‑bedroom/1‑bath units
- 3,884 SF building on a 10,136 SF lot
- New roof completed in 2025 and heating system installed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,038
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,140,760
$1.1M
Cap Rate 7%
$814,829
$814.8K
Cap Rate 9%
$633,756
$633.8K
Market Conditions
NOI Build-Up for 3,884 SF
Gross rent
$86.2K $22.20/SF
− Vacancy
−$4.7K −$1.22/SF
EGI
$81.5K $20.98/SF
− OpEx
−$24.4K −$6.29/SF
NOI
$57.0K $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%
$1,140,760
Cap Rate 7%
$814,829
Cap Rate 9%
$633,756
Alternative Uses
Best Use
Multifamily LT 5
$814.8K
$713.0K – $950.6K
NOI $57,038 @ 7.0% cap · market cap 8.78%
Second Best
Apartment 5plus
$713.2K
$624.0K – $832.1K
NOI $49,923 @ 7.0% cap · market cap 7.68%
Theoretical Best
Specialty Retail
$1.05M
$922.8K – $1.23M
NOI $73,827 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
75%
Occupancy
Location Intelligence
Demographics for 99502, AK
24,183
Population
9,931
Households
2.4
Avg Household Size
37
Median Age
37%
College-Educated
96%
High-School Grad
17.6 sq mi
ZIP Area
1,374
Density / Sq Mi
$118,494
Median Household Income
$56,190
Median Earnings
$1,661
Median Rent
$408,000
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Includes one three-bedroom residence and three two-bedroom residences, plus shared laundry facilities.
Where is this quadplex located?
The property is located at 8500 Golden St Anchorage, AK.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four‑unit quadplex with one 3‑bedroom/1‑bath unit and three 2‑bedroom/1‑bath units; 3,884 SF building on a 10,136 SF lot; New roof completed in 2025 and heating system installed in 2022
