Excellent investment opportunity in desirable South Anchorage! This well-maintained fourplex offers 8 bedrooms, 4 bathrooms, and sits on a spacious 11,543 sq. ft. lot with ample parking. New Roof was installed in July 2022! All four units are currently occupied, providing immediate rental income, with potential for owner-occupancy and increased rents. Numerous improvements throughout the property include updated flooring in Units 2 and 4 in 2024, a complete remodel of Unit 2 in 2025, an updated kitchen featuring new cabinets and countertops in Unit 3, and fresh paint and flooring in Unit 4. Unit 1 is currently on a month-to-month lease, offering potential flexibility for an owner-occupant. With significant upgrades already completed and room for rental income growth, this property presents an excellent opportunity for investors looking to expand their portfolio or buyers interested in generating rental income while living on-site. Conveniently located in South Anchorage near shopping, dining, and everyday amenities!
| MLS # | 26-13438 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1979 |
| Days On Site | 23 |
| Listing Provided By | LPT Realty | Christopher Fuller |
| Bed(s) | 8 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 3,808 |
| Units | 4 |
| Building(s) | 1 |
| Zoning | R2M - Multi Family Residential |
| Acreage | 0.26 |
| Heating | Natural Gas |
|---|---|
| Heating Yes / No | Yes |
| Roof | Asphalt, Shingle |
|---|---|
| Foundation Details | Poured Concrete |
| Sewer | Public Sewer |
|---|
| Road Surface Type | Paved, Maintained |
|---|---|
| Frontage Type | None |
| Tax Map Number | N/A |
|---|---|
| Tax Legal Description | Tanaga Terrace L16 B1 |
| State | AK |
|---|---|
| City | Anchorage |
| Zip Code | 99516 |
| Area | 1A Anchorage Municipality |
| Subarea | Abbott Rd Dearmoun Rd |
| School District | South Anchorage |
| Elementary School | Ocean View |
| High School | South Anchorage |
| Listing VS Median (in 99516) | |
Price: $749,000 low | high Med: $830,000 sqft: 3,808 low | high Med: 2,394 $ / sqft: $197 low | high Med: $347 On site: 23 low | high Med: 66 | |
| State | AK |
|---|---|
| City | Anchorage |
| Zip Code | 99516 |
| Area | 1A Anchorage Municipality |
| Subarea | Abbott Rd Dearmoun Rd |
| School District | South Anchorage |
| Elementary School | Ocean View |
| High School | South Anchorage |
| Listing VS Median (in 99516) | |
Price: $749,000 low | high Med: $830,000 sqft: 3,808 low | high Med: 2,394 $ / sqft: $197 low | high Med: $347 On site: 23 low | high Med: 66 | |