9000 Stephen Richards Memorial Dr Juneau, AK 99801
This exceptional Juneau, Alaska investment opportunity presents a two-story, 30-unit apartment building situated on a 41,075 square foot lot. Built in 1984, the property features 29 one-bedroom, one-bathroom apartments and a single efficiency unit, totaling 18,240 square feet of gross building area. The building benefits from a D-15 permitted zoning classification and enjoys a history of stable tenancy and consistent demand, providing a reliable income stream for investors. Long-term tenants contribute to low vacancy rates and predictable cash flow. The convenient location offers easy access to local amenities, including shops, schools, and recreational facilities, enhancing its appeal to renters. The property's well-maintained condition ensures a smooth transition for new ownership, minimizing potential disruptions. This multifamily, mixed-use property is offered at $3,200,000 and represents a compelling opportunity for investors seeking a stable and profitable addition to their portfolio. The property is located at 9000 Stephen Richards Memorial Dr, Juneau, AK 99801.
-
Alderwood Apartments Apartment Building
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.