Duplex with Tuck-Under
For Sale
$620,000
Pending
8501 Shrub Ct, Anchorage, AK 99504
Two matching residences combine four-bedroom layouts with private backyard areas and mountain views.
Property Size3,312 SF
Days on Market9
Property Features for 8501 Shrub Ct
General Information
Standard status
Pending
Size
3,312 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 4BR/2.5BA
Multifamily Units
2
Listing Agency:
Real Broker B Street
(907) 313-8805
Listed By:
Monique Manley
(907) 887-9103
Source:
Exprealty
Added: Oct 7
Changed: Oct 13
Last Checked: Oct 14 at 11:27PM
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 B Street
Investment Insights
Based on property information with market context.
This 3,312-square-foot duplex contains two matching units, each with four bedrooms and two-and-a-half bathrooms. The main floor has an open living area, dining space, kitchen, pantry and laundry room, plus a half bath. All four bedrooms and two full bathrooms are upstairs. Each residence also includes a tuck-under garage and access to private backyard space. A roof replacement was completed in 2021.
Mountain views are part of the setting, with Bull Dog Trail among the nearby recreational paths. Schools, shopping and dining are also in the surrounding area. The two-unit configuration, individual garages and backyard areas are shared features of both residences.
Mountain views are part of the setting, with Bull Dog Trail among the nearby recreational paths. Schools, shopping and dining are also in the surrounding area. The two-unit configuration, individual garages and backyard areas are shared features of both residences.
Key Highlights
- Two units, each with 4 bedrooms and 2.5 bathrooms
- 3,312 square feet total
- Roof replaced in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,638
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$972,760
$972.8K
Cap Rate 7%
$694,829
$694.8K
Cap Rate 9%
$540,422
$540.4K
Market Conditions
NOI Build-Up for 3,312 SF
Gross rent
$73.5K $22.20/SF
− Vacancy
−$4.0K −$1.22/SF
EGI
$69.5K $20.98/SF
− OpEx
−$20.8K −$6.29/SF
NOI
$48.6K $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%
$972,760
Cap Rate 7%
$694,829
Cap Rate 9%
$540,422
Alternative Uses
Best Use
Multifamily LT 5
$694.8K
$608.0K – $810.6K
NOI $48,638 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$608.2K
$532.1K – $709.5K
NOI $42,571 @ 7.0% cap · market cap 6.87%
Theoretical Best
Specialty Retail
$899.3K
$786.9K – $1.05M
NOI $62,954 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
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
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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?
Duplex - Two matching residences combine four-bedroom layouts with private backyard areas and mountain views.
Where is this duplex located?
The property is located at 8501 Shrub Ct Anchorage, AK.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Two units, each with 4 bedrooms and 2.5 bathrooms; 3,312 square feet total; Roof replaced in 2021
