Two Midtown Anchorage 6-Plexes Offered as a 12-Unit Package

810 W 25th Ave and 824 W 25th Ave present a rare opportunity to review two neighboring Midtown Anchorage 6-plexes as a combined 12-unit multifamily package.

Each property is listed separately at $942,500, with a combined package price of $1,885,000. Seller prefers both properties to sell together.

Together, the properties include:

12 total units
22 bedrooms
12 bathrooms
13,104 combined gross building area
Combined gross scheduled rent: $223,800/year
Estimated coin-op laundry: $2,100/year
Estimated combined NOI with management included: $150,903
Estimated package cap rate: approximately 8.01%

These figures are based on seller-provided information and sample pro forma assumptions, including 4% vacancy and estimated property management. Buyer to verify all income, expenses, leases, vacancy, laundry income, property management, condition, zoning, financing, and investment metrics.

810 W 25th Ave

810 W 25th Ave is a 6-unit Midtown Anchorage multifamily property with 11 bedrooms, 6 bathrooms, and 6,552 gross building area. The property is listed at $942,500.

Seller-provided scheduled rent is $113,400/year. Using a 4% vacancy assumption, estimated effective gross income is $108,864. With estimated expenses including property management, the sample pro forma shows estimated NOI of $76,394 and an estimated cap rate of approximately 8.10%.

Seller-reported highlights for 810 include a 2025 roof, 2018 windows, 2023 boiler, 2023 exterior paint, 2023 sewer sleeve/backflow preventer with reported 50-year warranty, on-site laundry, paved parking, fenced yard, gas hot water baseboard heat, updated flooring, kitchens, and baths, plus exterior and apartment doors updated in 2025.

824 W 25th Ave

824 W 25th Ave is also a 6-unit Midtown Anchorage multifamily property with 11 bedrooms, 6 bathrooms, and 6,552 gross building area. The property is listed at $942,500.

Seller-provided scheduled rent is $110,400/year. Using a 4% vacancy assumption, estimated effective gross income is $105,984. With estimated expenses including property management, the sample pro forma shows estimated NOI of $72,556 and an estimated cap rate of approximately 7.70%.

Seller-reported highlights for 824 include a 2025 roof, 2018 windows, 2023 boiler, 2023 exterior paint, 2022 sewer sleeve/backflow preventer with reported 50-year warranty, on-site laundry, paved parking, fenced yard, gas hot water baseboard heat, decks, and updated flooring, kitchens, and baths.

Package Overview

Combined, the two properties offer scale in Midtown Anchorage with 12 total units, paved parking, on-site laundry, fenced outdoor areas, and multiple seller-reported capital improvements completed between 2018 and 2025.

The sample package pro forma includes:

Combined gross scheduled rent: $223,800
Estimated coin-op laundry: $2,100/year
Vacancy assumption: 4%
Estimated effective gross income: $216,948
Estimated expenses with management: $66,045
Estimated NOI with management: $150,903
Estimated cap rate at package price: approximately 8.01%

For rent roll, expense details, repair/update history, and package information, contact Nyeem Johnson with Alaska Real Estate P.I. / Real Broker.

Financial figures are based on seller-provided information and sample pro forma assumptions. Buyer to independently verify all rents, expenses, lease terms, square footage, vacancy, laundry income, property management, condition, zoning, financing, and investment metrics. No income or return is guaranteed.