NOT LISTED FOR SALE

1027 E 11th Ave Anchorage, AK 99501

Fairview Neighborhood
4 Beds
4 Baths
2,000 Sq Ft
6,970 Sq Ft Lot

Last Sold April 18, 2024

119 Days on Market

Highlights

  • Peek-A-Boo Views
  • Shed
  • Washer and Dryer
  • West High School Rated A
  • Baseboard Heating
  • 5-minute walk to Fairview Lions Park

About This Home

As of April 2024

1 mile from downtown and just 3/4 mi from the coastal trail, this privately fenced 4plex has a 3.875% assumable loan! Move into the freshly remodeled unit with mountain views! Units 2&4 have brand new LVP flooring, solid surface countertops, and fresh paint. Units 1&3 have been updated in recent past. Vinyl windows. 2 large wooden storage sheds included. Units are always easy to rent!#1 - $900
#2 - Vacant for owner occupying buyer!
#3 - Freshly Painted for New Tenant 12/1
#4 - $1100

Brand new Smart Maytag washer and dryer are fully maintained by Reliable Commercial Laundry and paid by phone by users. No more need to hassle with quarters or maintain these machines yourself.

Most of the dwellings along this block are single family owner occupied homes. Folks in the cabin across the street have been there since the 70's!

Last Agent to Sell the Property

Tyler Hughes

Alaska Realty & Investments License #176167 Listed on: 11/16/2023

Last Buyer's Agent

Roy Briley Real Estate Gr

Real Estate Brokers of Alaska License #500063

Real Estate Brokers of Alaska

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,339

Year Built

  • Built in 1973

Lot Details

  • 6,970

Parking

  • 8 Parking Spaces

Home Design

  • Quadruplex
  • Membrane Roofing

Interior Spaces

  • 2,000 Sq Ft Home
  • Linoleum Flooring
  • Peek-A-Boo Views
  • Fire and Smoke Detector
  • Washer and Dryer

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Schools

  • Fairview Elementary School
  • Central Middle School
  • West Anchorage High School

Utilities

  • Radiant Heating System
  • Baseboard Heating

Additional Features

  • Shed
  • 6,970 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $4,200

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $1,161
  • Fuel Expense $2,700
  • Trash Expense $2,100
  • Water Sewer Expense $1,180
  • New Taxes Expense $100,000
  • Operating Expense $180,000
  • Gross Income $50,000
  • Net Operating Income $28,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,339

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.16
  • Road Surface Type: Paved
  • Directions: Traveling west on E 5th Ave, turn left onto Karluk St, in .4 miles turn right onto E 11th Ave, the property is the 3rd dwelling on the right behind 6ft privacy fence.
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Quadruplex
  • Year Built: 1973
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Washer/Dryer
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Flooring: Linoleum, Luxury Vinyl
  • Interior Amenities: Storage
  • Living Area: 2000

Exterior Features

  • Topography: Level
  • View: Mountain(s), Partial
  • View: Yes
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Construction Type: Vinyl Siding, Frame
  • Foundation Details: Concrete Perimeter
  • Other Structures: Shed(s)
  • Property Condition: Existing Structure
  • Roof: Membrane

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Carport, No Garage
  • Total Parking Spaces: 8

Utilities

  • Security: Smoke Detector(s)
  • Heating: Baseboard, Radiant
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Fee Information

  • Annual Fuel Expense: 2700
  • Trash Expense: 2100
  • Annual Water Sewer Expense: 1180

Schools

  • Elementary School: Fairview
  • High School: West Anchorage
  • Middle Or Junior School: Central

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 6969.6
  • Mobile Dim Units: Feet
  • Zoning Description: Multiple Family Residential
  • Zoning: R3
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 1161
  • Annual Gross Income: 50000
  • Property Net Operating Income: 28000
  • Annual Operating Expense: 180000
  • Total Actual Rent: 4200

Tax Info

  • New Taxes Expense: 100000
  • Tax Annual Amount: 4339
  • Tax Map Number: N/A

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/18/2024 04/18/24 Sold -- -- --
03/15/2024 03/15/24 Pending -- -- --
12/05/2023 12/05/23 For Sale $399,000 0.0% $200 / Sq Ft
11/30/2023 11/30/23 Off Market -- -- --
11/16/2023 11/16/23 For Sale $399,000 +20.9% $200 / Sq Ft
05/23/2014 05/23/14 Sold -- -- -- View Prior Sale
05/23/2014 05/23/14 Pending -- -- --
05/23/2014 05/23/14 For Sale $330,000 -- $165 / Sq Ft
Source: Alaska Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,980 $262,700 $83,700 $179,000
2024 $3,980 $246,500 $83,700 $162,800
2023 $4,339 $254,800 $83,700 $171,100
2022 $4,698 $279,000 $83,800 $195,200
2021 $4,990 $276,900 $83,800 $193,100
2020 $5,012 $294,800 $83,800 $211,000
2019 $5,063 $309,500 $83,800 $225,700
2018 $4,262 $259,900 $80,300 $179,600
2017 $3,823 $264,100 $80,300 $183,800
2016 $3,944 $296,200 $77,400 $218,800
2015 $3,944 $275,400 $77,400 $198,000
2014 $3,944 $259,300 $96,700 $162,600
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2024

    Tyler Hughes

    Alaska Realty & Investments

    (907) 982-8303

    1 in this area

    103 Total Sales

    Tyler Hughes
    Section Image

  • R

    Buyer's Agent in 2024

    Roy Briley Real Estate Gr

    Real Estate Brokers of Alaska

    (907) 343-8900

    31 in this area

    1,106 Total Sales

    Roy Briley Real Estate Gr
    Section Image

  • A

    Seller's Agent in 2014

    Alaska Real Estate Team

    Notch Realty Co.

See All Agents

Map

Source: Alaska Multiple Listing Service

MLS Number: 23-13608

Alaska Multiple Listing Service
Alaska Anchorage Borough Anchorage 99501 Fairview

1027 E 11th Ave, Anchorage, AK

Not Listed for Sale

MultiFamily

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