NOT LISTED FOR SALE

17123 Coronado Rd Eagle River, AK 99577

Eagle River Neighborhood
12 Beds
8 Baths
5,280 Sq Ft
6,534 Sq Ft Lot

Last Sold May 10, 2024

4 Days on Market

About This Home

As of May 2024

Introducing an unparalleled investment opportunity: a rare 4-plex situated in the heart of Eagle River, a location marked by its scarcity of multi-family units and historically low vacancy factor. This property not only stands out for its rarity but also offers a compelling value proposition for investors keen on tapping into a high-demand area.With an average rental rate of $1,690 per unit. Each unit, featuring three bedrooms and 2 baths and an exclusive washer and dryer in each unit, ensuring high tenant satisfaction and retention.

This 4-plex is not just a real estate asset; it represents a scarce investment in a prime location with a strong income stream, low vacancy risk, and high tenant appeal. It's an exceptional addition to any investment portfolio, offering a solid blend of income stability and growth potential in Eagle River's thriving rental market.

Capitalize on this unique opportunity to invest in a property that promises both immediate returns and long-term value appreciation.

Last Agent to Sell the Property

Justin McGhee

Cornerstone Realty License #18120 Listed on: 03/05/2024

Last Buyer's Agent

Tyler Cobb

Real Broker Alaska License #167135

Real Broker Alaska

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 6,534

Parking

  • 8 Parking Spaces

Home Design

  • 5,280 Sq Ft Home
  • Quadruplex
  • Block Foundation
  • Shingle Roof

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Full Bathrooms

Schools

  • Eagle River Elementary School
  • Gruening Middle School
  • Eagle River High School

Additional Features

  • 6,534 Sq Ft Lot
  • Baseboard Heating
  • Property Views

Community Details

  • 4 Units
  • Gross Income $81,120

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • Directions: Head north on Old Glenn Highway. Take a left onto Coronado Road. 4plex is located on the left.
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Quadruplex
  • Year Built: 1984
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Other
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Full Bathrooms: 8
  • Total Bedrooms: 12
  • Living Area: 5280

Exterior Features

  • View: Mountain(s)
  • View: Yes
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Construction Type: Wood Siding
  • Foundation Details: Block
  • Property Condition: Existing Structure
  • Roof: Shingle

Garage/Parking

  • Total Parking Spaces: 8

Utilities

  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: Eagle River
  • High School: Eagle River
  • Middle Or Junior School: Gruening

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 6534
  • Mobile Dim Units: Feet
  • Zoning Description: Residential Office
  • Zoning: CE-RO
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 81120

Tax Info

  • Tax Map Number: N/A

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
05/10/2024 05/10/24 Sold -- -- --
03/11/2024 03/11/24 Pending -- -- --
03/06/2024 03/06/24 For Sale $750,000 -- $142 / 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 $4,090 $606,900 $96,400 $510,500
2024 $4,090 $590,800 $96,400 $494,400
2023 $9,332 $567,300 $96,400 $470,900
2022 $9,151 $551,600 $96,400 $455,200
2021 $9,160 $517,800 $96,400 $421,400
2020 $8,824 $551,500 $96,400 $455,100
2019 $8,316 $517,800 $96,400 $421,400
2018 $8,395 $522,400 $92,500 $429,900
2017 $9,153 $578,600 $92,500 $486,100
2016 $6,428 $555,800 $89,100 $466,700
2015 $6,428 $513,600 $89,100 $424,500
2014 $6,428 $501,400 $89,100 $412,300
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Justin McGhee

    Cornerstone Realty

    (907) 350-7077

    4 in this area

    52 Total Sales

    Justin McGhee
    Section Image

  • T

    Buyer's Agent in 2024

    Tyler Cobb

    Real Broker Alaska

    (907) 297-2922

    6 in this area

    43 Total Sales

    Tyler Cobb
    Section Image
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Map

Source: Alaska Multiple Listing Service

MLS Number: 24-2150

Alaska Multiple Listing Service
Alaska Anchorage Borough Eagle River 99577 Eagle River

17123 Coronado Rd, Eagle River, AK

Not Listed for Sale

MultiFamily

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