South Addition Multifamily Homes & Duplexes for Sale

/47
$662,000
- 6 Beds
- 4 Baths
- 2,944 Sq Ft
632 W 15th Ave, Anchorage, AK 99501

Located in historic downtown Anchorage! Side by side duplex with ample parking and located minutes to both hospitals and UAA. Vacant unit is completely remodeled. Air BnB potential or owner/occupant. Meticulously maintained and updated. Each unit boasts: 3 bedrooms, 2 bathrooms, large laundry/storage areas with washer/dryer, living room upstairs, rec room/bonus room downstairs, private entries.

Craig Lightle Premier Properties, LLC

632 W 15th Ave, Anchorage, AK 99501
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/71
$1,095,000
- 8 Beds
- 4.5 Baths
- 3,948 Sq Ft
1506 M St, Anchorage, AK 99501

Gorgeous South Addition Home with ADU plus Bonus Efficiency. Access to Downstairs units from in home or exterior makes it versatile for multi-generational living, hosting guests, snow birding, running a home business, AirBNB, etc! Chef's kitchen with built in Wolf/Sub Zero Appliances, Steam Oven and Miele Espresso Maker and custom cabinets & large Pantry. Tall Ceilings, Windows & DoorsGorgeous

Aurora Courtney Real Broker Alaska

1506 M St, Anchorage, AK 99501
/55
$725,000
- 4 Beds
- 4 Baths
- 2,160 Sq Ft
1323 W 16th Ave, Anchorage, AK 99501

Rare Bootlegger Cove duplex just steps to Coastal Trail & Westchester Lagoon. Both units are active short-term rentals w/ reservations through Aug 2025. Left unit (1325) features 2BR/2BA, updated kitchen w/ stainless appliances, & remodeled baths. Right unit (1323) offers 2BR/1BA. Each includes W/D, carport, & space for 3+ vehicles or RV. Great owner-occupy or investment opportunity-live in

Ralphie Morel RMG Real Estate

1323 W 16th Ave, Anchorage, AK 99501
/77
$1,025,000
- 7 Beds
- 4 Baths
- 3,224 Sq Ft
521 N St, Anchorage, AK 99501

Bootleggers Cove proper triplex! Beautiful triplex between the ocean and downtown Anchorage. Almost every inch of the interior of this home has been recently updated. Each unit has different upgrades but some include Unit A bathroom upgrades, most interior paint, most flooring throughout , new kitchen unit C and much much more! All heating systems recently updated as well. Passive income awaits.

Taylor Holfeld Keller Williams Realty Alaska Group

521 N St, Anchorage, AK 99501

Alaska Anchorage South Addition

Why Live in South Addition

South Addition in Anchorage offers scenic views of the Chugach Mountains and Mount Susitna, also known as the Sleeping Lady. This neighborhood is conveniently close to downtown, providing residents with easy access to city attractions and outdoor recreation. The Tony Knowles Coastal Trail and Delaney Park, with its rose garden, memorials, and recreational facilities, are key highlights. Westchester Lagoon, featuring walking trails, playgrounds, and a disc golf course, is another popular spot for activities like fishing and kayaking. The neighborhood has a mix of ranch-style, Craftsman, and new traditional homes, along with some condos and townhouses. South Addition is primarily residential but includes commercial amenities like the New Sagaya City Market and the Anchorage Farmers Market. Dining options nearby include Club Paris, Biscuitclub, and 49th State Brewing. Students in the area might attend highly rated Inlet View Elementary School and West High School. The neighborhood is safer than the national average, with several bus routes providing convenient transportation to downtown and Ted Stevens Anchorage International Airport, which is 4.7 miles away.

Learn more about living in South Addition

Home Trends in South Addition, AK

On average, homes in South Addition, Anchorage sell after 51 days on the market compared to the national average of 50 days. The median sale price for homes in South Addition, Anchorage over the last 12 months is $400,000, down 6% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$400,000

Median Single Family Sale Price

$580,000

Median Townhouse Sale Price

$1,050,000

Median 2 Bedroom Sale Price

$382,500

Median 1 Bedroom Sale Price

$197,000

Average Price Per Sq Ft

$309

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

4.00

Median List Price

$462,500

Median Change From 1st List Price

Median Home Sale Price YoY Change

-6%

How to Buy a Home How to Finance a Home How to Sell a Home

In South Addition, there are currently 4 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes ranging from $662,000 to $1,095,000, there's something for every budget. As of June, 2025 the median home price in South Addition, Anchorage is $462,500, while the average sale price is $503,594, providing insight into local market trends. On average, multi-family homes spend 51 days on the market before being sold. Multi-family homes encompass various property types, including duplexes, triplexes, fourplexes, and apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're interested in a duplex for a starter investment or an apartment complex for a larger-scale venture, there are investment properties available to suit your needs. Explore the range of multi-family homes for sale in South Addition, Anchorage.

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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 Ten-X are marked with either the listing brokerage’s logo or 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. Copyright 2025 Alaska Multiple Listing Service, Inc. All rights reserved.