$1,250,000
Anchorage, AK 99517
MLS# 25-12497
Status: Pending
8 beds | 13 baths | 6064 sqft
1 / 10
Property Description
Rare opportunity to acquire a 13-unit multi-family property in Anchorage's highly desirable Turnagain neighborhood—a location known for its convenience, lifestyle appeal, and access to outdoor recreation. This income-producing asset features stable cash flow, strong occupancy history, and significant value-add potential in one of the city's most sought-after rental markets.
Details
Maps
Documents
Contract Info
Foreclosure/Bank Own: No
Price-List: 1250000
Date-Listing: 2025-09-29
Status: Pending
Location, Tax and Legal
Region: 1 - Southcentral Alaska Region
Borough/Census Area: 1A - Anchorage Municipality
Grid # (Muni Anch): SW1627
Tax Map #-Mat-Su: N/A
Legal: Natalia L8A
School-Elementary: Northwood
School-Middle: Romig
School-High: West Anchorage
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Bathrooms Half: 0
Bathrooms Three Quarter: 0
Bathrooms Full: 13
Bathrooms Total: 13
Bldgs-Ttl #: 3
Acres: 0.73
SF-Lot: 31658
Lot Area Source: Tax Authority
Zoning: R2M - Multi Family Residential
Garage Spaces: 0
Carport Spaces: 0
Prkg Spcs: 18
Beds: 8
Year Built: 1962
SF-Res: 6064
Number of Units: 13
Directions and Remarks
Directions: Headed West on Northern Lights, turn Left on Turnagain Street. Turn Left on W 33rd Ave. The property is at the end of the street on the Left.
Multi-Family Type
5+ Units: 1
Heating
Baseboard: 1
Natural Gas: 1
Roof Type
Asphalt: 1
Construction Type
Wood Frame: 1
Other: 1
Foundation Type
Poured Concrete: 1
Other: 1
Wtrfrnt-Access Near
Creek: 1
Garage Type
None: 1
Wtrfrnt-Frontage
None: 1
Carport Type
None: 1
Sewer-Type
Public Sewer: 1
Water Source
Public: 1
Access Type
Paved: 1
Sold Info
Date-Pending: 2025-11-25
Location Tax and Legal
Area: 10 - Spenard
Street #: 2607
Directional: W
Street Name: 33rd
Arterial: Avenue
Closest USPS Town: Anchorage
State: AK
Zip Code: 99517
Property Features
Multi-Family Type: 5+ Units
Roof Type: Asphalt
Foundation Type: Poured Concrete; Other
Construction Type: Wood Frame; Other
Garage Type: None
Carport Type: None
Heating: Baseboard; Natural Gas
Sewer-Type: Public Sewer
Water Source: Public
Access Type: Paved
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: Creek
Supplements
The property comprises nine studio units and four two-bedroom units, thoughtfully designed to meet high tenant demand. Currently 92% occupied, with several long-term tenants in place, the property generates approximately a 7% cap rate, with additional upside through unit updates and rental increases. Utilities are landlord-paid.
Amenities include two laundry rooms, ample parking, a spacious yard, and proximity to the Turnagain greenbelt and Fish Creek trail system. This asset offers both immediate cash flow and long-term appreciation potential. With targeted upgrades, investors can realize rental growth and increased NOI. Ideal for seasoned multi-family investors or those entering the Anchorage market. Be sure to check out the list of property upgrades!
Property Profile 
IDX
Listing Office: PTP Management, Inc.
Last Updated: November - 25 - 2025
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.