1542 Northview Dr Unit E7 · Anchorage, AK 99504

$165,000

2 bd · 1.0 ba · 1,028 sqft · Condo public records · 28 Days on market

Built 1978 $348/mo HOA · 18% of rent

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +16.5/30.0
• ARV discount +7.5/15.0
• 1% rule +6.6/10.0
• DSCR +5.1/10.0
• Livability +3.9/5.0
• Schools +3.7/10.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Solid ground floor condo with a great layout and room to add your own style and updates. Features a large walk in closet, private deck, and functional living space throughout. Needs some cosmetic refreshing but priced with opportunity in mind. Convenient location close to shopping, dining, and commuter routes.

Key facts

• $348 HOA
• Garage
• Built 1978

Property features AI

Finance

• HOA & community: Homeowner association with monthly fee; Monthly association fee of $348.31; HOA covers sewer, water, snow removal, and insurance

Exterior

• Parking: No garage; 1-car carport
• Utilities: Public sewer
• Home design: Condominium; Attached unit; Built in 1978
• Construction: Wood frame construction; Other foundation; Unknown roof type
• Exterior features: Ground floor unit; Pets considered; Paved road access

Interior

• Bedrooms: 2 bedrooms
• Flooring: Carpet
• Bathrooms: 1 full bathroom
• Interior features: Carpet flooring

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $165k.

Deal economics

• At list price, monthly cash flow is $97 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).
• Recommended offer: $163k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.0% vs local median 3.8% in Anchorage — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 78/100 on livability (#6 in AK, #2,553 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: crime F, cost of living F.
• Anchorage School District (urban): math 37% / reading 43% proficiency, ranked #6 of 21 in AK (top 29%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Susitna Elementary (math 32% / reading 32%, grade F, #104 of 156 statewide, top 70%, 368 students, 56% FRL); Nicholas J. Begich Middle School (math 10% / reading 24%, grade F, #32 of 36 statewide, top 89%, 882 students, 78% FRL); Bartlett High School (math 22% / reading 27%, grade F, #42 of 61 statewide, top 82%, 1,373 students, 64% FRL) — zoned schools average 66% FRL vs 38% district-wide (28 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 24% at this address vs 40% district-wide (-16 pts) — the specific schools serving this property underperform the Anchorage School District average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+2.6%/yr); 214 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 306 units permitted in Anchorage Municipality in 2024 (90 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Anchorage County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($163k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 30y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $162,525 (1.5% below list)

Questions for the listing agent

1. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.16% ✓
• Cap rate: 7.00%
• Cash-on-cash: 2.53%
• DSCR: 1.11
• GRM: 7.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.57% rent growth · sell at horizon

5-year hold

• IRR: -12.8%
• Equity multiple: 0.54×
• Total profit: $-21,165
• Equity at exit: $24,602

10-year hold

• IRR: -4.3%
• Equity multiple: 0.72×
• Total profit: $-13,001
• Equity at exit: $14,266

Cash invested: $46,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 80 Strongly Landlord-Friendly
• State Alaska: 80 Strongly Landlord-Friendly · R+8
• County: — inherits STATE
• City: — inherits STATE

30-day notice; security deposits capped; courts moderate-paced.

Methodology + full state rankings →

ZIP-level market 99504

• Rents YoY: 2.6%
• Active inventory: 214
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,911 high
• Mortgage (P&I): −$865
• Tax from tax record: −$130 /mo · $1,560/yr
• Insurance: −$69
• HOA: −$348
• Vacancy / Maint / Mgmt: −$401
• Net cashflow: $97

Break-even live

Break-even rent $1,787

Max offer price $165,000

Occupancy floor 90%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8110 E 16th Ave Unit C6 Anchorage, AK	2.0	1.0	1047	$1,850	$1.77	21d	1	0.01mi
1720 Muldoon Cir Unit 4 Anchorage, AK	2.0	1.0	850	$1,850	$2.18	44d	1	0.25mi
7401 E 4th Ave Unit 6 Anchorage, AK	3.0	2.0	1272	$2,150	$1.69	23d	1	0.97mi
248 Zappa Pl Unit A Anchorage, AK	3.0	2.0	1300	$2,150	$1.65	44d	1	1.00mi
7746 Boundary Ave Unit B2 Anchorage, AK	3.0	2.0	1189	$2,300	$1.93	23d	1	1.14mi
7531 Peck Ave Unit 2 Anchorage, AK	1.0	1.0	700	$1,350	$1.93	23d	1	1.15mi
6701 E 6th Ave Apt 8 Anchorage, AK	2.0	1.0	750	$1,450	$1.93	44d	1	1.15mi
6701 E 6th Ave Apt 10 Anchorage, AK	1.0	1.0	800	$1,450	$1.81	44d	1	1.15mi
8114 Boundary Ave Apt D Anchorage, AK	2.0	1.0	1023	$1,750	$1.71	14d	1	1.18mi
3400 Meadowbrook Cir Anchorage, AK	3.0	2.0	1500	$2,350	$1.57	14d	1	1.18mi
1916 Beaver Pl #1 Anchorage, AK	2.0	1.0	900	$1,500	$1.67	23d	1	1.20mi
7317 Peck Ave Unit B Anchorage, AK	2.0	1.0	850	$1,650	$1.94	23d	1	1.20mi
7313 Peck Ave Unit B Anchorage, AK	2.0	1.0	850	$1,650	$1.94	23d	1	1.21mi
179 Oklahoma St Unit 4 Anchorage, AK	1.0	1.0	700	$1,200	$1.71	23d	1	1.23mi
6131 Prosperity Dr Anchorage, AK	3.0	1.5	1250	$2,800	$2.24	14d	1	1.36mi
7045 Gold Kings Ave Unit C Anchorage, AK	3.0	1.5	1200	$2,600	$2.17	23d	1	1.36mi
7005 Gold Kings Ave Unit B Anchorage, AK	3.0	1.5	1200	$2,445	$2.04	44d	1	1.39mi
6810 Gold Kings Cir Unit B Anchorage, AK	3.0	1.5	1200	$2,550	$2.12	14d	1	1.42mi

HOA detail condo

• Monthly dues: $348 · $4,176/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 29 events

1. 2026-06-18
   days on market $165,000 Active 28 DOM
2. 2026-06-18
   price $165,000 Active 27 DOM
3. 2026-06-17
   days on market $175,000 Active 27 DOM
4. 2026-06-16
   days on market $175,000 Active 26 DOM
5. 2026-06-15
   days on market $175,000 Active 25 DOM
6. 2026-06-14
   days on market $175,000 Active 23 DOM
7. 2026-06-13
   days on market $175,000 Active 22 DOM
8. 2026-06-10
   days on market $175,000 Active 20 DOM
9. 2026-06-09
   days on market $175,000 Active 19 DOM
10. 2026-06-08
    days on market $175,000 Active 18 DOM
11. 2026-06-07
    days on market $175,000 Active 17 DOM
12. 2026-06-03
    days on market $175,000 Active 13 DOM
13. 2026-06-02
    days on market $175,000 Active 12 DOM
14. 2026-06-01
    days on market $175,000 Active 11 DOM
15. 2026-05-31
    days on market $175,000 Active 10 DOM
16. 2026-05-30
    days on market $175,000 Active 9 DOM
17. 2026-05-21
    listed $175,000 Active
18. 2021-04-06
    soldstatus
19. 2021-02-21
    status Pending
20. 2021-02-18
    price $127,990
21. 2021-02-10
    status Active
22. 2021-02-10
    status Pending
23. 2021-01-31
    price $128,400
24. 2021-01-08
    price $128,900
25. 2020-12-04
    listed $130,000 Active
26. 2007-10-26
    soldstatus
27. 1996-11-13
    listed $45,000
28. 1996-10-14
    listed $49,500
29. 1996-04-10
    listed $49,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast AK · Partial reset (capped growth)

• Current annual tax: $1,560 · $130/mo
• Projected year-2 tax: $1,762 · $147/mo
• Expected delta: +$202/yr (+$17/mo · 12.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $22,927
• − Mortgage interest: −$9,243
• − Property taxes: −$1,560
• − Insurance: −$825
• − Repairs & maintenance: −$1,834
• − Management: −$1,834
• − HOA: −$4,176
• − Depreciation: −$4,800
• Taxable loss: −$1,345
• Est. tax savings @ 24.0%: +$323
• After-tax cash flow: $1,491/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Anchorage School District
• NCES district ID: 0200180
• Math proficiency: 37% ▼ -2.00%
• Reading proficiency: 43% ▲ 1.00%
• Median HH income: $76,447
• Composite: 37.0/100
• National rank: #4523
• State rank: #6 of 21 in AK

Livability — Anchorage

• Score: 78/100
• State rank: #6
• US rank: #2553

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A+ Housing A+ Health & safety A+ User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Anchorage, AK
• County: Anchorage Borough · 246,594 people
• City population: 218,117
• Metro: Anchorage, AK
• Population (ZIP): 42,093
• Household income: $86,710
• Rent vs Own: 33.9% rent · 66.1% own
• Severe rent burden: 1052.0

Population outlook (Anchorage County) Hauer SSP2

• Today (2025): 314,993 people
• By 2030: 321,771 · +2.2%
• By 2040: 335,493 · +6.5%
• By 2050: 352,799 · +12.0%
• By 2075: 414,771 · +31.7%
• By 2100: 474,485 · +50.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.80)
• Race & ethnicity: White 41% Two or more races 18% Asian 13% Native American 9% Black 9% Hispanic / Latino 9% Pacific Islander 6%
• Hispanic origin (detail): Mexican 3% Puerto Rican 1%
• Common ancestry: Portuguese 2% Ukrainian 2% Romanian 2%
• Foreign-born: 12% · Canada, South Korea, Vietnam
• Languages at home: 76% English-only · Other Asian/Pacific 9% Spanish 4% Tagalog/Filipino 3%

Political lean MEDSL · Anchorage

• 2024 margin: D (+12.7) · D 56.3% · R 43.7%
• 2016→2024 swing: +27.9pp toward D · 2016: -15.2pp · 2024: 12.7pp
• All cycles: 2024: D+12.7 2016: R+15.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -184.29%
• Current HPI: 259.8803
• Rent YoY: ▲ 2.57%
• Metro: Anchorage, AK
• State GDP YoY: —
• F500 in state: 0

Price history

+253.5% since first listed

13 events — show timeline

• 2026-05-21 Listed $175,000 AKMLS
• 2021-04-06 Sold (Public Records) — Public Records
• 2021-02-21 Pending — AKMLS
• 2021-02-18 Price Changed $127,990 AKMLS
• 2021-02-10 Relisted — AKMLS
• 2021-02-10 Pending — AKMLS
• 2021-01-31 Price Changed $128,400 AKMLS
• 2021-01-08 Price Changed $128,900 AKMLS
• 2020-12-04 Listed $130,000 AKMLS
• 2007-10-26 Sold (Public Records) — Public Records
• 1996-11-13 Listed $45,000 AKMLS
• 1996-10-14 Listed $49,500 AKMLS
• 1996-04-10 Listed $49,500 AKMLS

Property tax history

+0.2%/yr

Latest (2025): $1,560 · +18.8% YoY. Source: county tax records.