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Four-Unit Rental Property

860 S Beaver Lake Road, Big Lake, AK 99652

For Sale
$599,900

Multi-Family, Big Lake, AK

Property Size3,600 SF
Lot Size0.51 Acres
Price / SF$166.64
Days on Market52

Property Features for 860 S Beaver Lake Road

General Information

Property type Residential Multi Family
Property subtype Other
Zoning UNK - Unknown (re: all MS
Bedrooms 12
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 3, Bedroom 12, Bedroom 11, Bedroom 1, Bedroom 6, Bedroom 8, Bathroom 4, Bedroom 10, Bedroom 7, Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 9
Lot features Level
Elementary school Big Lake
Middle school Houston
High school Houston
Directions On Big Lake Road, turn on S Beaver Lake Rd, approximately 3 miles on the left
Subdivision 1D - Matanuska Susitna Borough
Standard status Active
APN 6123B03L002
Size 3,600 SF
Lot size 0.51 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Description Freeman L2 B3
Legal Description Freeman L2 B3

Utilities

Sewer type Septic Tank

Amenities

W/D
Fridge
DW

Building Details

Year built 2005
Number of units 4
Flooring type Vinyl
Building materials Wood Frame - 2x6
Roof type Metal
Listing Agency: Alaska Built Real Estate LLC · RE/MAX International
Listed By: Samuel J Goldman · License AK #18302
Added: Sep 24 Changed: Nov 13 Last Checked: Nov 14 at 1:06AM
MLS# 26-12338

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.

Rey
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Investment Insights

Based on property information with market context.

This 3,600-square-foot fourplex was built in 2005 and sits on a 0.51-acre parcel in Big Lake. The property is fully rented and includes a new foundation, a septic system, and a well. Laundry machines, a refrigerator, and a dishwasher are also included.

Key Highlights

  • Four‑unit property with 3,600 square feet of building area
  • Fully rented
  • 0.51‑acre parcel in Big Lake

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$47,651
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$953,020 $953.0K
Cap Rate 7%
$680,729 $680.7K
Cap Rate 9%
$529,456 $529.5K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$71.3K $19.80/SF
− Vacancy
−$3.2K −$0.89/SF
EGI
$68.1K $18.91/SF
− OpEx
−$20.4K −$5.67/SF
NOI
$47.7K $13.24/SF
Area
Matanuska-Susitna County, AK
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$953,020
Cap Rate 7%
$680,729
Cap Rate 9%
$529,456

Alternative Uses

Best Use
Multifamily LT 5
$680.7K
$595.6K – $794.2K (±1% cap)
NOI $47,651 @ 7.0% cap · market cap 7.94%
Second Best
Apartment 5plus
$604.9K
$529.3K – $705.8K (±1% cap)
NOI $42,346 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$992.4K
$868.3K – $1.16M (±1% cap)
NOI $69,466 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

4
Residential units
100%
Occupancy
Yes
Utilities to site

Location Intelligence

Demographics for 99652, AK

4,821
Population
3,220
Households
1.5
Avg Household Size
43
Median Age
19%
College-Educated
95%
High-School Grad
123.2 sq mi
ZIP Area
39
Density / Sq Mi
$71,310
Median Household Income
$43,730
Median Earnings
$1,066
Median Rent
$280,200
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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - The fully occupied property includes a well, septic system, and in-unit laundry appliances.
Where is this quadplex located?
The property is located at 860 S Beaver Lake Road Big Lake, AK.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Four‑unit property with 3,600 square feet of building area; Fully rented; 0.51‑acre parcel in Big Lake
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