$479,657Average Value$307Average Price per Sq Ft8Homes For Sale
South Addition has easy commutes and scenic parks
South Addition is a quiet neighborhood near Downtown Anchorage, making it a popular choice for homebuyers who work in City Hall, the state and federal courthouses or other nearby offices. It’s one of the city’s oldest communities, so you'll find lots of vintage homes here, often costing more than in other parts of town. Nearby parks, trails and lakes offer lots of things to do, while the popular restaurants of downtown are a short drive away.
Some area of South Addition are full of high end homes with delightful architecture.
South Addition is located just minutes away from Downtown Anchorage.
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Houses sell for more near downtown
Expect to pay more for a home here than in other nearby neighborhoods. “A lot of the homes are old, and some of them are restored. The price points are high for any of them,” says John Collinge, a Realtor with Re/Max Dynamic Properties, who has sold homes in Anchorage for 16 years. “You’re not going to pick up anything cheap in there unless it was built in 1940. Homes typically range from the low $400,000s to around $1,000,000. Condos cost between the mid $100,000s and the high $500,000s. The median sales price is higher than the citywide median.
Vintage homes in one of Anchorage's first neighborhoods
As one of Anchorage’s oldest neighborhoods, South Addition features homes dating back to the 1920s. Construction really took off in the 1950s, and the median build year for homes in the area is 1971. Houses are large, with an average size of around 2,200 square feet. Ranch-style, Craftsman and contemporary homes are the bulk of the neighborhood, often surrounded by towering pines.
A white picket fence adorns the yard of this ranch style home located in South Addition.
Homes loom large between Westchester Lagoon and the coast.
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Enjoy Alaska's great outdoors in South Addition
South Addition is a popular spot for recreation, with several parks and trails in the area. You can go birdwatching or see salmon spawn in Westchester Lagoon, which is also open for canoeing, paddleboarding and cold-weather activities. “In the winter, they have an ice skating rink. They have big barrels all over the place and fires burning,” Collinge says. “It’s a cool area where people like to mingle.” Some other nearby things to do include:
• Walking, biking and enjoying mountain views on the Tony Knowles Coastal Trail • Playing soccer, baseball or tennis at Delaney Park • Cross-country skiing on the 4-mile Chester Creek Trail
A man rides his bike around Delaney Park with downtown Anchorage behind him
Exercise while enjoying the Chugach Mountains views along the Tony Knowles Coastal Trail.
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South Addition is a great neighborhood for students
Students in South Addition are part of the Anchorage School District, including the highly rated West Anchorage High School. The school is just south of the neighborhood in the Turnagain community, and is known for several specialized programs.
• Air Force JROTC • International Baccalaureate Diploma Program • Medical Academy • Project Lead the Way engineering classes • Russian and Spanish Immersion programs
West Anchorage High School received an A minus from Niche.
The track and field area at Central Middle School has terrific mountain views.
Inlet View Elementary School stands in Anchorage’s South Addition neighborhood.
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Multiple ways of getting around Anchorage
South Addition’s location near downtown makes it easy to commute from the neighborhood. While the area is close enough to walk and there are several bike paths nearby, Collinge says most people drive to work. Bus routes in the area take riders to downtown, Ted Stevens Anchorage International Airport, Providence Alaska Medical Center and other parts of the city. Major roads like Walter J. Hickel Parkway and Alaska Route 1 are also close by.
Northern Lights Blvd is easily accessible to get South Addition residents around town.
South Addition is separated from Downtown Anchorage by Delaney Park.
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Where to eat and shop near downtown Anchorage
With downtown so close, shops and restaurants are easy to get to. Collinge recommends picking up groceries from New Sagaya Market, a locally owned store on 13th Avenue known for its seafood. A nearby Carrs on Northern Lights Boulevard is another option. Anchorage 5th Avenue Mall downtown has lots of stores to choose from, like JCPenney and American Eagle. Collinge recommends dining at Simon & Seafort’s Saloon & Grill, which is known for its seafood and scenic views. Other popular spots include Humpy’s Great Alaskan Alehouse and Orso.
Grocery options nearby South Addition include a Carr’s south of the neighborhood.
New Sagaya's City Market is the local grocery in South Addition.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
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Crime and Safety
1 - Low Crime, 10 - High Crime
South Addition
US
Homicide
6
4
Sexual Assault
6
4
Assault with Weapon
6
4
Robbery
6
4
Burglary
6
4
Motor Vehicle Theft
6
4
Larceny
5
4
Crime Score
5
4
Source: WhatIsMyCrimeRisk.com
South Addition Demographics and Home Trends
On average, homes in South Addition, Anchorage sell after 50 days on the market compared to the national average of 57 days. The median sale price for homes in South Addition, Anchorage over the last 12 months is $417,500, up 5% from the median home sale price over the previous 12 months.
Westchester condo acroos from the lagoon featuring bright, sunny interiors with large windows, warm wood accents, and a cozy wood-burning fireplace. Open, inviting living spaces flow to a cedar deck with flower boxes overlooking the lagoon. Surrounded by trees with views and sunsets over Sleeping Lady. Trails and park with skating and bike path access just across the street. Prime location
Introducing an extraordinary showpiece in one of Anchorage's most coveted locations. This two-story, 4-bedroom, 3.5-bath condominium was masterfully created by merging two units into one spectacular residence, offering a truly rare living experience. Every step inside reveals thoughtful design, expansive living spaces, and captivating views that bring tranquility and inspiration to daily life.
Incredible downtown triplex immediately next to New Sagaya, offering a rare opportunity to own a premier investment property in the heart of Anchorage. This well-maintained property features a substantial addition completed in 2004/2005, showcasing tall ceilings and expanded living space that enhances both comfort and rental appeal. The interiors have been recently updated with luxurious finishes
The 5th, 3rd and 1st floor condos are for sale together for $1,400,000. Each floor consists of approximately 5700 sf of rentable space; the 1st floor is available to lease or for owner occupier. The 5th and 3rd floors are fully leased.
Just minutes to Downtown Anchorage! Walkable access to restaurants, shopping, Museum and nightlife. This condo has a comfortable layout- includes a full-sized, stacked washer & dryer. Plenty of storage in the kitchen, unit closets along with a hallway storage closet. HOA dues include heat. 1 garage space. Elevator- minimal stairs. Rooftop deck to enjoy the mountain & Anchorage skyline view.
Stunning east and south views..Creative architectural floorplan. Seller just spent $99,ooo on conversion to gas heat. New paint, carpeting, new main bathroom, new gas fireplace.. Spacious unit with lots of extras. Waiting for a designer,s charm. closets galore,
Enjoy simplified living in this very nicely maintained unit within a Co-op community where dues cover heat, water, refuse, and snow/lawn maintenance. The location is exceptional: just blocks from Delaney Park, the Coastal Trail, and Westchester Lagoon. Amenities include a recreation hall, private storage units, and assigned parking. Co-op financing must be through National Cooperative Bank.
Well-maintained Downtown Gem that perfectly blends comfort, functionality, and character. Featuring a spacious garage, fresh new carpet, and updated paint. Updates include newer room, boiler, water heater, all ensuring peace of mind for years to come. Two inviting fireplaces, new trex decks and large basement. Historical 3rd Bedroom was converted to den behind living room, can be altered back.
City View Apartment Homes offers high-quality, pet-friendly apartments in Anchorage, AK!Live in a studio, 2, or 3-bedroom home featuring stone countertops, a complete energy-efficient appliance package, modern flooring, and a soaking bathtub. Select homes include a linen closet, pantry, built-in desk, breakfast bar, and a private patio/balcony. Inquire about a furnished corporate suite, and enjoy
Knik Arm Condominiums offers fully furnished executive-style living in downtown Anchorage. Enjoy all utilities, heat, and basic internet included, plus code/key access building, elevator service, welcoming lobby, assigned parking and onsite laundry. Flexible lease options are available. Designed for convenience and comfort. Move-in ready Available now!
The advertised rate of $3,925/month is the lowest available price, based on a 1 month(s) stay with a move-in date of September 20, 2026.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can
Stunning fully furnished rental in highly desirable location. Large, open concept ranch style condo with 3 bedrooms and 2 full baths. The master suite has its own private bathroom with a large walk in closet. Close to all that downtown Anchorage has to offer. Dining, parks, shopping and more! Tenant pays gas, electric, garbage, internetNO pets
The advertised rate of $4,822/month is the lowest available price, based on a 30 day(s) stay with a move-in date of May 18, 2026.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be
This is a nice, clean, basement apartment in downtown Anchorage. ALL UTILITIES PAID! 2 bedrooms, 1 bathroom, about 800 sq. feet. Good size kitchen, no dishwasher, lots of countertops, washer and dryer in the unit. No smoking and no pets. Off-street paved parking. It is a requirement that all our tenants have "Renters Insurance" with any company you choose. Proof of insurance is due at move-in.
The advertised rate of $3,815/month is the lowest available price, based on a 30 day(s) stay with a move-in date of October 19, 2026.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be
The advertised rate of $2,875/month is the lowest available price, based on a 30 day(s) stay with a move-in date of October 15, 2026.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be
Stunning fully furnished rental in highly desirable location. Large, open concept ranch style condo with 3 bedrooms and 2 full baths. The master suite has its own private bathroom with a large walk in closet. Close to all that downtown Anchorage has to offer. Dining, parks, shopping and more! Tenant pays gas, electric, garbage, internet NO pets
Charming, historic home located very central to downtown. Open, spacious living and dining areas on the main floor, with a full basement including a laundry room and workshop. Spacious yard with both back and side street access with a fence for privacy and comfort. Newly redone paint, carpet, and kitchen vinyl provide a nice fresh modern update for this amazing home. 3 large bedrooms with
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