1027 Nelchina Street,Anchorage, AK 99501
Anchorage, AK 99501
Description
Fully occupied 5-plex offering immediate rental income in a convenient Anchorage location! All five units are currently rented, generating $4,680/month and $56,160 in gross scheduled annual income. Several units have been updated in recent years, including remodeled Units 2 and 5 and additional improvements to Unit 4. Property offers off-street parking, individual unit entrances, and a long history as an income-producing property.Current rents are $880, $1,100, $850, $850 and $1,000 per month, providing an investor with established income from day one while offering potential future upside as units turn over and rents are adjusted over time.An excellent opportunity for an investor looking for an established multifamily property with 100% occupancy and value-add potential in the Anchorage market.Buyer to verify all information, including rents, leases, expenses, zoning/use, financing eligibility and Letter of Non-Conforming Rights.
Details
| MLS # | 26-11445 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1953 |
| Days On Site | 42 |
| Listing Provided By | Real Broker Wasilla | James Cash |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 2,337 |
| Units | 5 |
| Building(s) | 2 |
| Zoning | R3 - Multiple Family Residential |
| Acreage | 0.16 |
Interior
| Heating | Baseboard, Natural Gas |
|---|---|
| Heating Yes / No | Yes |
Exterior
| Roof | Unknown - BTV |
|---|---|
| Lot Features | Level |
| Construction Materials | Wood Frame |
| Foundation Details | Unknown - BTV |
| Exterior Sp Finish Co Exterior Sp Finish | Unknown - BTV |
| Other Structures | Shed(s) |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | None |
| Carport Sp Type Co Carport Sp Type | None |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Road Surface Type | Government, Paved, Maintained |
|---|---|
| Frontage Type | None |
Taxes
| Tax Annual Amount | 2462.4 |
|---|---|
| Tax Year | 2026 |
| Tax Map Number | N/A |
| Tax Legal Description | THIRD ADDITION BLK 2C LT9 |
Area Information
| State | AK |
|---|---|
| City | Anchorage |
| Zip Code | 99501 |
| Area | 1A Anchorage Municipality |
| Subarea | Downtown Anchorage |
| School District | West Anchorage |
| Elementary School | Fairview |
| High School | West Anchorage |
| Listing VS Median (in 99501) | |
Price: $429,000 low | high Med: $138,000 sqft: 2,337 low | high Med: 768 $ / sqft: $184 low | high Med: $180 On site: 42 low | high Med: 70 | |
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Learn More About This Property
| State | AK |
|---|---|
| City | Anchorage |
| Zip Code | 99501 |
| Area | 1A Anchorage Municipality |
| Subarea | Downtown Anchorage |
| School District | West Anchorage |
| Elementary School | Fairview |
| High School | West Anchorage |
| Listing VS Median (in 99501) | |
Price: $429,000 low | high Med: $138,000 sqft: 2,337 low | high Med: 768 $ / sqft: $184 low | high Med: $180 On site: 42 low | high Med: 70 | |
