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Property profile & analytics
FOR SALE
Garden apartment buildings
4027 E 8Th Ave Anchorage, AK 99508
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US02-0024873
For Sale
1 / 25
$639,900
4027 E 8Th Ave, Anchorage, AK 99508
View Listing →
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1962
Construction
WOOD FRAME
Total area
3,864 SF
Lot
0.16 ac (7,000 SF)
Zoning code
R3 MULTI-FAMILY
APN
005-055-24-000
UPID
US02-0024873
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Soaring-Lake Imports Department Store Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Alexis Vaughn Morgan · 1 yrs held
Alexis Vaughn Morgan
since 2024
7 recorded transactions
Zoning & alternative use
R3 MULTI-FAMILY · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Anchorage submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Anchorage submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,623
Tax year 2023
Assessed value
$388,900
Assessed 2023
Previous assessed
$388,900
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$104,700
Assessed improvement
$284,200
Land market value
$104,700
Improvement market value
$284,200
Total market value
$388,900
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
For Sale
Year built
1962
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
NONE
Stories
1
Units
4
Total area
3,864 SF
Lot
0.16 ac (7,000 SF)
Zoning code
R3 MULTI-FAMILY
APN
005-055-24-000
UPID
US02-0024873
Jurisdiction
ANCHORAGE
Zoning & alternative use
R3 MULTI-FAMILY · Anchorage, AK
Zoning R3 MULTI-FAMILY · permitted uses
R3 MULTI-FAMILY · Anchorage, AK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Anchorage. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1962
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
4
Lot
0.16 ac
Current owner
From public records · entity-resolved
Alexis Vaughn Morgan
Individual
Mailing address
347 IDAHO ST, ANCHORAGE, AK 99504-1336
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2024
—
Alexis Vaughn Morgan
Terry Burge
Warranty Deed
$441,750 · Residential Mortgage LLC
Aug 11, 2011
—
Terry Burge
Freddie Mac
Grant Deed
$170,000 · Danny & Ladean Whatley
Dec 15, 2010
—
Freddie Mac
Wells Fargo Bk NA
Grant Deed
—
Dec 15, 2010
$180,216
Fargo Bk NA Wells
Alaska Trustee LLC
Trustees Deed
related
—
Jul 17, 2000
—
Bouaphanh P Xayachack
Purvis,raymond
Grant Deed
$166,626 · Guild Mortgage Co
—
—
Bouaphanh P Xayachack
—
Deed Of Trust
related
$190,400 · Residential Mortgage Corp
—
—
Bouaphanh P Xayachack
—
Deed Of Trust
related
$15,000 · Northern Skies FCU
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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