$1,170,000
Eagle River, AK 99577
MLS# 26-10436
10 beds | 8 baths | 5554 sqft

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Property Description
Exceptional newly rebuilt property in a private Eagle River hillside setting near Fire Lake Elementary. Tucked among mature trees on a 31,450 sq. ft. lot, this distinctive property offers the appeal of new construction with the versatility of a three-unit property. The contractor rebuilt the property from the studs out, with extensive, attractive improvements, only using quality finishes.
Details
Maps
Documents
Currently Not Used
Subdivision Name: Fire Lake
Contract Info
Price-List: 1170000
Date-Listing: 2026-08-15
Status: Active
Foreclosure/Bank Own: No
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Beds: 10
Bathrooms Half: 3
Bathrooms Full: 5
Bathrooms Total: 8
Bldgs-Ttl #: 2
Year Built: 1965
Year Remodeled: 2025
SF-Res: 5554
Number of Units: 3
SF-Lot: 31450
Acres: 0.72
Garage Spaces: 4
Prkg Spcs: 5
Lot Area Source: Tax Authority
Zoning: CE-R-2A Single and Two Family Residential
Directions and Remarks
Directions: Take north Eagle River exit, L at light onto Old Glenn Hwy, R on Fish Hatchery Rd, continue R on Knob Hill Dr, R on Muldrow St, L on Malaspina St, follow as it curves into Mendenhall St to end
Building Info
Units- # of 2 BR: 1
Units-# of 3 BR: 2
Mortgage Info
EM Minimum Deposit: 11000
Unit #1
Bath - Full: 2
Bath - Half: 1
Bedroom: 3
Unit #2
Bath - Full: 2
Bath - Half: 1
Bedroom: 3
Unit #3
Bath - Full: 1
Bedroom: 2
Family Room: 1
Kitchen: 1
Location Tax and Legal
Area: 90 - Eagle River
Street #: 18045
Street Name: Mendenhall
Arterial: Street
Closest USPS Town: Eagle River
State: AK
Zip Code: 99577
Subdivision Name: Fire Lake
Property Features
Multi-Family Type: Duplex; Side by Side; Triplex; Other - See Remarks
Roof Type: Asphalt; Composition; Shingle
Foundation Type: Block; Poured Concrete
Garage Type: Attached
Carport Type: None
Heating: Baseboard
Sewer-Type: Septic Tank
Water Source: Well
Access Type: Paved; Private
Topography: Level
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: None
Features-MultiFamily: CO Detector(s); Smoke Detector(s); Tenant Storage; Washer/Dryer HkUp; Paved Driveway
Flooring: Carpet; Luxury Vinyl
To Show: ShowingTime
Docs Avl for Review: Docs Posted on MLS
Listing Terms Financing: AHFC; Cash; Conventional; VA Loan
Supplements
The 4,126 sq. ft. main building is configured as a side-by-side duplex, with each unit offering a functional two-story layout and bright, welcoming living spaces. The upper level of each side features an open kitchen, dining, and living area with large south-facing windows that bring in abundant natural light. Each upper level also includes one bedroom, one full bath, and one half bath.
One of the property's standout features is the extraordinary outdoor living space. Each duplex living area opens directly onto a massive garage-top deck, creating a rare and highly usable extension of the home for outdoor dining, entertaining, relaxing, or enjoying the private treed setting. These oversized decks add meaningful value and set this property apart from typical multifamily offerings.
The lower level of each duplex unit includes three additional bedrooms and a full bath. Bedrooms are efficiently designed, while the common areas feel bright, open, and inviting. Each side also includes a 24ft x 24ft of newly added garage and an additional 13ft x 24ft storage space, constructed on poured concrete slabs--ideal for Alaska gear, tools, recreational equipment, and tenant storage.
Completing the triplex is a separate cabin offering 714 sq. ft. on each level. This third unit adds flexibility for a long-term rental, guest space, owner use, or another permitted income-producing use.
With a large private lot, mature trees, a desirable Eagle River location, extensive rebuild work, substantial garage and storage capacity, and unusually large private decks, this is a rare opportunity for an owner-occupant or investor seeking a nearly new multifamily property with standout features.
IDX
Listing Office: Herrington and Company, LLC
Last Updated: October - 01 - 2026
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.
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