2607 W 33rd Ave Anchorage, AK 99517
Turnagain NeighborhoodEstimated payment $7,826/month
Highlights
- 0.73 Acre Lot
- West High School Rated A
- Baseboard Heating
About This Home
Rare opportunity to acquire a 13-unit multi-family property in Anchorage's highly desirable Turnagain neighborhood--a location known for its convenience, lifestyle appeal, and access to outdoor recreation. This income-producing asset features stable cash flow, strong occupancy history, and significant value-add potential in one of the city's most sought-after rental markets.The property comprises nine studio units and four two-bedroom units, thoughtfully designed to meet high tenant demand. Currently 92% occupied, with several long-term tenants in place, the property generates approximately a 7% cap rate, with additional upside through unit updates and rental increases. Utilities are landlord-paid.
Amenities include two laundry rooms, ample parking, a spacious yard, and proximity to the Turnagain greenbelt and Fish Creek trail system. This asset offers both immediate cash flow and long-term appreciation potential. With targeted upgrades, investors can realize rental growth and increased NOI. Ideal for seasoned multi-family investors or those entering the Anchorage market. Be sure to check out the list of property upgrades!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Parking
- 18 Parking Spaces
Home Design
- 6,064 Sq Ft Home
- Asphalt Roof
Bedrooms and Bathrooms
- 8 Bedrooms
- 13 Full Bathrooms
Schools
- Northwood Elementary School
- Romig Middle School
- West Anchorage High School
Additional Features
- 0.73 Acre Lot
- Baseboard Heating
Community Details
- 3 Buildings
- 13 Units
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/20/2025 10/20/25 | Pending | -- | -- | -- | |
| 09/29/2025 09/29/25 | For Sale | $1,250,000 | +25.6% | $206 / Sq Ft | |
| 02/01/2019 02/01/19 | Sold | -- | -- | -- | View Prior Sale |
| 12/24/2018 12/24/18 | Pending | -- | -- | -- | |
| 09/22/2017 09/22/17 | For Sale | $995,000 | -- | $164 / Sq Ft |
Source: Alaska Multiple Listing Service
MLS Number: 25-12497
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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.
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