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2314 & 2316 Jefferson Avenue 2316 Jefferson Ave 12 Unit Apartment Building $1,895,000 ($157,917/Unit) 7.92% Cap Rate Anchorage, AK 99517
Investment Highlights
- Studs-Out Remodel in 2023-2024! Low Maintenance & Easy Keeper
- Fantastic Location - 5 minutes from Teds Steven's Airport.
- Private WDs & Balconies!
Executive Summary
Fully renovated & low-maintenance 12plex in a great pocket of Spenard. All units had a stud-out remodel in '23-'24. Featuring new windows/sliding doors, upgraded electrical lines, new 4'' plumbing lines, appliances & all cosmetics. The property offers a balanced mix of eight 2-bedroom and four 1-bedroom units, positioning it well for stable occupancy. 2&3 floor units offer private WDs & Balconies. Only 5 minutes from the Ted Stevens Intl Airport "The busiest cargo airport in the US". 100% occupied & professionally managed.
Onsite, heated&secure storage units for all tenants. Lower units have shared WDs. Roofs resurfaced in 2023, 3 of the 4 water heaters replaced in 2023/2024, and boilers have been well maintained. Rent roll (with scheduled increases) $20K /month with creditworthy tenants in place. Utilities currently included in rent, with room for future rental increases. Excellent location with nearby trail access, dining, and conveniences, 5 minutes from the airport. Buyer to verify all information. Contact listing office for a marketing package.
Onsite, heated&secure storage units for all tenants. Lower units have shared WDs. Roofs resurfaced in 2023, 3 of the 4 water heaters replaced in 2023/2024, and boilers have been well maintained. Rent roll (with scheduled increases) $20K /month with creditworthy tenants in place. Utilities currently included in rent, with room for future rental increases. Excellent location with nearby trail access, dining, and conveniences, 5 minutes from the airport. Buyer to verify all information. Contact listing office for a marketing package.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$240,240
|
$22.08
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$12,012
|
$1.10
|
| Effective Gross Income |
$228,228
|
$20.98
|
| Taxes |
$15,160
|
$1.39
|
| Operating Expenses |
$65,165
|
$5.99
|
| Total Expenses |
$80,325
|
$7.38
|
| Net Operating Income |
$147,903
|
$13.59
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $240,240 |
| Annual Per SF | $22.08 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $12,012 |
| Annual Per SF | $1.10 |
| Effective Gross Income | |
|---|---|
| Annual | $228,228 |
| Annual Per SF | $20.98 |
| Taxes | |
|---|---|
| Annual | $15,160 |
| Annual Per SF | $1.39 |
| Operating Expenses | |
|---|---|
| Annual | $65,165 |
| Annual Per SF | $5.99 |
| Total Expenses | |
|---|---|
| Annual | $80,325 |
| Annual Per SF | $7.38 |
| Net Operating Income | |
|---|---|
| Annual | $147,903 |
| Annual Per SF | $13.59 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Balcony
- Washer/Dryer
- Heating
- Refrigerator
- Range
- Yard
- Breakfast Nook
- Dining Room
- Handrails
- Lawn
- Smoke Free
- Vinyl Flooring
Site Amenities
- Storage Space
- Private Bathroom
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 01020301000 | Total Assessment | $481,500 (2025) |
| Land Assessment | $85,200 (2025) | Annual Taxes | $15,160 ($1.39/SF) |
| Improvements Assessment | $396,300 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
01020301000
Land Assessment
$85,200 (2025)
Improvements Assessment
$396,300 (2025)
Total Assessment
$481,500 (2025)
Annual Taxes
$15,160 ($1.39/SF)
Tax Year
2026
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2314 & 2316 Jefferson Avenue | 2316 Jefferson Ave
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