$539,000
5559 Penn Circle
Anchorage, AK 99504
MLS# 26-8121
Status: Closed
6 beds  |  2 baths  |  2064 sqft


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Property Description
Excellent investment opportunity in East Anchorage! This spacious duplex features two well-designed units, each offering 3 bedrooms, 1 bathroom, and over 1,032 square feet of comfortable living space--ideal for owner-occupants or investors seeking strong income potential. Each unit offers functional layouts with generous living areas designed for everyday convenience. With potential for short-term

Details
Maps
Currently Not Used
Subdivision Name: Nunaka Valley
Contract Info
Foreclosure/Bank Own: No
Price-List: 539000
Date-Listing: 2026-07-03
Status: Closed
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Bathrooms Half: 0
Bathrooms Three Quarter: 0
Bathrooms Full: 2
Bathrooms Total: 2
Bldgs-Ttl #: 1
Acres: 0.2
SF-Lot: 8600
Lot Area Source: Tax Authority
Year Updated: 2026
Zoning: R2A - Two Family Residential
Garage Spaces: 2
Carport Spaces: 0
Prkg Spcs: 6
Beds: 6
Year Built: 1970
SF-Res: 2064
Number of Units: 2
Location, Tax and Legal
Region: 1 - Southcentral Alaska Region
Borough/Census Area: 1A - Anchorage Municipality
Grid # (Muni Anch): SW1538
Tax Map #-Mat-Su: N/A
Legal: College Park Subdivision L8 B1
Taxes (Estimated): 5179
Tax Year: 2026
School-Elementary: Nunaka Valley
School-Middle: Clark
School-High: Bartlett
Directions and Remarks
Directions: Northern Lights to Boniface. Turn Right on E 24th, Immediate left on Pembroke Street. Turn Right on E 20th. Property on right corner of E 20th/Penn Circle.
Multi-Family Type
Up and Down: 1
To Show
ShowingTime: 1
Building Info
Units-# of 3 BR: 2
Listing Terms Financing
1031 Exchange: 1
AHFC: 1
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Heating
Baseboard: 1
Topography
Level: 1
Roof Type
Asphalt: 1
Construction Type
Wood Frame: 1
Foundation Type
Poured Concrete: 1
View Type
Mountains: 1
Wtrfrnt-Access Near
None: 1
Garage Type
Attached: 1
Wtrfrnt-Frontage
None: 1
Flooring
Carpet: 1
Luxury Vinyl: 1
Vinyl: 1
Sewer-Type
Public Sewer: 1
Water Source
Public: 1
Access Type
Paved: 1
Maintained: 1
Features-MultiFamily
In City Limits: 1
Washer/Dryer: 1
Washer/Dryer HkUp: 1
Paved Driveway: 1
RV Parking: 1
Unit #1
Bath - Full: 1
Bedroom: 3
Dining Room: 1
Kitchen: 1
Living Room: 1
Garage: 1
Parking Spaces: 3
Unit #2
Bath - Full: 1
Bedroom: 3
Dining Room: 1
Kitchen: 1
Living Room: 1
Garage: 1
Parking Spaces: 3
Sold Info
Date-Pending: 2026-07-14
Date-Closing: 2026-08-14
Location Tax and Legal
Area: 45 - Boniface Pkwy to Muldoon Rd
Street #: 5559
Street Name: Penn
Arterial: Circle
Closest USPS Town: Anchorage
State: AK
Zip Code: 99504
Subdivision Name: Nunaka Valley
Property Features
Multi-Family Type: Up and Down
Roof Type: Asphalt
Foundation Type: Poured Concrete
Construction Type: Wood Frame
Garage Type: Attached
Heating: Baseboard
Sewer-Type: Public Sewer
Water Source: Public
Access Type: Paved; Maintained
View Type: Mountains
Topography: Level
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: None
Features-MultiFamily: In City Limits; Washer/Dryer; Washer/Dryer HkUp; Paved Driveway; RV Parking
Flooring: Carpet; Luxury Vinyl; Vinyl
To Show: ShowingTime
Listing Terms Financing: 1031 Exchange; AHFC; Cash; Conventional; FHA; VA Loan
Supplements
rental use, this property provides added flexibility for maximizing cash flow. No CC&Rs means greater freedom for property use and management. The property includes a 2-car garage plus additional RV parking, offering ample space for vehicles, recreational gear, or tenant storage. Conveniently located near schools, parks, shopping, and major commuter routes, this duplex is also just minutes from Joint Base Elmendorf-Richardson, making it especially appealing for military tenants, traveling professionals, or short-term guests. Whether you're expanding your investment portfolio or searching for a versatile multi-family property, this Anchorage duplex offers exceptional potential and flexibility.

IDX
Listing Office: Alaska Real Estate Associates, LLC

Last Updated: August - 15 - 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.