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University Area Multifamily Home for Sale

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    $775,000

    • 12 Beds
    • 6 Baths
    • 6,120 Sq Ft

    3530 E 42nd Ave, Anchorage, AK 99508

    Well-maintained 6-plex with numerous recent upgrades, including a roof replacement (within 5 years), a new water heater with expansion tank, circulation pump, and updated boiler control panel. Unit 2 features a complete remodel with new plumbing and windows, while Unit 3 boasts 3 new refrigerators and 2 new dishwashers. Excellent condition property with 5 of 6 units currently leased.

    Manny Rodriguez Jack White Commercial

    3530 E 42nd Ave, Anchorage, AK 99508

Why Live in University Area

University Area in Anchorage is a neighborhood that combines residential and retail spaces, making it a convenient choice for those working at nearby universities and hospitals. The University of Alaska Anchorage and Alaska Pacific University are within walking distance, attracting faculty and staff to the area. Additionally, Providence Medical Center and Alaska Native Medical Center provide easy access to healthcare and employment opportunities. The neighborhood features a variety of dining options, including Uncle Joe's Pizzeria and Thai Kitchen, as well as grocery stores like Fred Meyer and Tudor Market. Shopping options include Silva Saddle Western Wear, Alaska Flower Shop, and Value Village. Homes in University Area range from condos to ranch-style houses. Condos are primarily located in the southwest and northern parts of the neighborhood, while single-family homes, including ranch-style and split-level houses, are found on the east side. The area is known for its tree-lined streets and spacious lots. Students in the neighborhood attend College Gate Elementary, Wendler Middle School, and the highly rated Bettye Davis East Anchorage High School. Higher education is accessible at the University of Alaska Anchorage and Alaska Pacific University. Residents enjoy numerous parks and recreational activities, with Goose Lake and University Lake offering walking trails, playgrounds, and opportunities for wildlife viewing. Castle Heights Park provides additional green space for families. The neighborhood is well-connected by several bus routes, and downtown Anchorage is about 5 miles away. The low crime rate compared to the national average adds to the appeal of University Area, making it a practical and attractive option for potential homebuyers.

Home Trends in University Area, AK

Housing Trends

Median Sale Price
$367,499
Median Single Family Sale Price
$385,000
Median Townhouse Sale Price
$529,323
Median 2 Bedroom Sale Price
$623,000
Average Price Per Sq Ft
$229
Number of Homes for Sale
19
Last 12 months Home Sales
80
Months of Supply
2.90
Median List Price
$385,000
Median Change From 1st List Price
2%
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