$815,000
Anchorage, AK 99508
MLS# 25-11929
8 beds | 4 baths | 3648 sqft

1 / 43
Property Description
Updated 4-plex at 3401 E 15th Ave, Anchorage (Airport Heights) generating $7,200/mo. Beautiful interiors with updated flooring, cherry kitchen cabinets, and a new boiler. Superb location close to hospitals, UAA, and JBER.
Details
Maps
Documents
Contract Info
Foreclosure/Bank Own: No
Price-List: 815000
Date-Listing: 2025-09-14
Status: Active
Location, Tax and Legal
Region: 1 - Southcentral Alaska Region
Borough/Census Area: 1A - Anchorage Municipality
Grid # (Muni Anch): SW1435
Tax Map #-Mat-Su: N/A
Legal: Grandview Gardens L9 B7
School-Elementary: Airport Heights
School-Middle: Wendler
School-High: Bettye Davis East Anchorage
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Bathrooms Half: 0
Bathrooms Three Quarter: 0
Bathrooms Full: 4
Bathrooms Total: 4
Bldgs-Ttl #: 1
Acres: 0.17
SF-Lot: 7500
Lot Area Source: Tax Authority
Year Remodeled: 2013
Year Updated: 2013
Zoning: R2D - Two Family Residential
Garage Spaces: 0
Carport Spaces: 0
Prkg Spcs: 6
Beds: 8
Year Built: 1964
SF-Res: 3648
Number of Units: 4
Directions and Remarks
Directions: East on Debarr, R on Columbine. Property is on the corner of Columbine and 15th Ave.
Multi-Family Type
Four-Plex: 1
Listing Terms Financing
Assumable: 1
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Exterior Finish
Wood: 1
Heating
Baseboard: 1
Natural Gas: 1
Roof Type
Shingle: 1
Foundation Type
Block: 1
Wtrfrnt-Access Near
None: 1
Wtrfrnt-Frontage
None: 1
Flooring
Carpet: 1
Laminate: 1
Tile: 1
Sewer-Type
Public Sewer: 1
Water Source
Public: 1
Access Type
Paved: 1
Maintained: 1
Unit #1
Bath - Full: 1
Bedroom: 2
Dining Room: 1
Kitchen: 1
Living Room: 1
Unit #2
Bath - Full: 1
Bedroom: 2
Dining Room: 1
Kitchen: 1
Living Room: 1
Unit #3
Bath - Full: 1
Bedroom: 2
Dining Room: 1
Kitchen: 1
Living Room: 1
Unit #4
Bath - Full: 1
Bedroom: 2
Dining Room: 1
Kitchen: 1
Living Room: 1
Location Tax and Legal
Area: 40 - Seward Hwy to Boniface Pkwy
Street #: 3401
Directional: E
Street Name: 15th
Arterial: Avenue
Closest USPS Town: Anchorage
State: AK
Zip Code: 99508
Property Features
Multi-Family Type: Four-Plex
Exterior Finish: Wood
Roof Type: Shingle
Foundation Type: Block
Heating: Baseboard; Natural Gas
Sewer-Type: Public Sewer
Water Source: Public
Access Type: Paved; Maintained
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: None
Flooring: Carpet; Laminate; Tile
Listing Terms Financing: Assumable; Cash; Conventional; FHA; VA Loan
Supplements
Unit 1 - 2BR/1BA: $1,750/mo, renewed for a new 12-month lease in August.
Unit 2 - 2BR/1BA: $1,750/mo, renewed for a new 12-month lease in August.
Unit 3 - 2BR/1BA: $1,750/mo, renewed for a new 12-month lease in August.
Unit 4 - 2BR/1BA (Furnished): $1,950/mo, lease until November; furnishings can convey for an easy continuation as a mid-term rental or potential STVR.
Owner-occupants can move into Unit 4 at its November turnover and let the other three units ($5,250/mo) offset your payment. With an estimated $5,158/mo PITI at 5% down, your personal net cost of housing could be ~$800 after all expenses for the entire building.
Investors can purchase turnkey with estimated $4,467/mo PITI at 20% down. Potential gross income after PITI ~$2,465/mo. That's ~18% pre-expense cash-on-cash return.
Additional highlights: Airport Heights neighborhood, handsome finishes (flooring + cherry cabinets), new boiler, and proximity to major employment/education hubs. Strong income from day one with flexibility to adjust strategy at turnover. Please do not disturb occupants. Buyer to verify all information and figures.
Proforma in MLS Docs - Seller is Owner/Agent.
IDX
Listing Office: Real Broker Alaska
Last Updated: September - 15 - 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.
Lead Based Paint Disclosure