NOT LISTED FOR SALE

2864 E 42nd Ave Anchorage, AK 99508

University Area Neighborhood

Estimated Value: $182,000 - $509,421

4 Beds
2 Baths
1,420 Sq Ft
$280/Sq Ft Est. Value

Sale Details

Date Sold: January 13, 2025

Current estimated payment $2,115 / mo

6 Days on Market

Highlights

  • Vaulted Ceiling
  • Heating Available
  • 2-minute walk to Delaney Park Strip
  • Washer and Dryer

About This Home

As of January 2025

MUNI Calls it a Duplex with 2 Cabins. All 4 Units Rent! Fabulous cash flow for the investor! Super cute well done and updated 3 Small and 1 Tiny House. Each unit has one bedroom and one bathroom. Many built-ins including the beds with dressers. So very well done! Long term renters. Each unit also has its own lockable storage building.Owner occupy and live virtually free, rent as BnB's, or continue with long term rentals. Each unit has it owns heating and hot water system. There are a total of 8 raised garden beds, 7 producing apples trees, and a sweet little court yard. Units are separate buildings so no common area to be concerned about and each tenant has there own 4 walls! Next summer Muni is putting in brand new water lines and septic lines! One unit has historical interest as it once was a 10 man barracks on the base, back in the day, although hard to see that now - its beautiful! Nice walkway to each unit off the ground. Various improvements have been made throughout the years! Muni says building was built 1963, however the Tiny House was built in 1979, there was an old mobile home from 1963 that has been removed long ago! Rent all 4 to create a wonderful cash flow opportunity or live in one unit and rent the others. Great area close to medical! Units are always rented. Currently owner occupies one unit. Rents are consistent for the 3 rented units bringing in $3,400 per month. Seller pays utilities. Rents have not been increased in quite a while.

Last Agent to Sell the Property

Sheila Monson

Real Broker Wasilla License #124500 Listed on: 09/19/2024

Last Buyer's Agent

Keenan Fitzpatrick

Real Broker Alaska License #18901

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.25

Home Design

  • Quadruplex
  • Shingle Roof

Interior Spaces

  • 1,420 Sq Ft Home
  • Vaulted Ceiling
  • Fire and Smoke Detector
  • Washer and Dryer

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 8 Parking Spaces
  • 2 Carport Spaces

Schools

  • Lake Otis Elementary School
  • Wendler Middle School
  • Bettye Davis East Anchorage High School

Additional Features

  • 10,890 Sq Ft Lot
  • Heating Available

Community Details

  • 4 Buildings
  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0.25 Acres

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.25
  • Road Surface Type: Paved
  • Directions: From Lake Otis, Turn North onto 42nd Ave, property is just before Wright Street on the right.
  • Carport Y N: Yes
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Quadruplex, Other - See Remarks
  • Year Built: 1963
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Owner
  • Special Features: None

Interior Features

  • Number Of Buildings: 4
  • Appliances: Washer/Dryer
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Interior Amenities: Storage, Vaulted Ceiling(s)
  • Living Area: 1420

Exterior Features

  • Lot Features: City Lot
  • Topography: Level
  • View: No
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Disclosures: Prop Discl Available
  • Construction Type: Wood Siding, Frame
  • Foundation Details: Other
  • Property Condition: Existing Structure
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 2
  • Covered Parking Spaces: 2
  • Parking Features: No Carport, No Garage
  • Total Parking Spaces: 8

Utilities

  • Laundry Features: Common Area
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: Lake Otis
  • High School: Bettye Davis East Anchorage
  • Middle Or Junior School: Wendler

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 10890
  • Mobile Dim Units: Feet
  • Zoning Description: Multiple Family Residential
  • Zoning: R3
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Map Number: N/A

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 13, 2024
Sold by
Dault David Joseph
Bought by
Foster Vance and Foster Danielle
Current Estimated Value
$398,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$366,260
Interest Rate
6.81%
Mortgage Type
New Conventional
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Foster Vance -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Foster Vance $366,260
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/13/2025 01/13/25 Sold -- -- --
10/16/2024 10/16/24 Pending -- -- --
10/09/2024 10/09/24 For Sale $475,000 0.0% $335 / Sq Ft
09/24/2024 09/24/24 Price Changed $475,000 -- $335 / Sq Ft
Source: Alaska Multiple Listing Service

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 $228 $393,600 $123,700 $269,900
2024 $228 $239,100 $123,700 $115,400
2023 $3,929 $230,700 $123,700 $107,000
2022 $423 $218,900 $123,700 $95,200
2021 $3,790 $210,300 $123,700 $86,600
2020 $292 $210,400 $123,700 $86,700
2019 $272 $208,300 $123,700 $84,600
2018 $222 $204,400 $118,700 $85,700
2017 $401 $160,200 $118,700 $41,500
2016 $2,115 $154,700 $114,900 $39,800
2015 $2,115 $154,700 $114,900 $39,800
2014 $2,115 $155,200 $114,600 $40,600
Source: Public Records

Agents Affiliated with this Home

  • Sheila Monson

    Seller's Agent in 2025

    Sheila Monson

    Real Broker Wasilla

    (907) 841-0840

    2 in this area

    220 Total Sales

    Sheila Monson
    Section Image
  • Keenan Fitzpatrick

    Buyer's Agent in 2025

    Keenan Fitzpatrick

    Real Broker Alaska

    (907) 351-7812

    3 in this area

    125 Total Sales

    Keenan Fitzpatrick
    Section Image
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Map

Source: Alaska Multiple Listing Service

MLS Number: 24-12236

Alaska Multiple Listing Service

APN: 00803241000

Alaska Anchorage Borough Anchorage 99508 University Area

2864 E 42nd Ave, Anchorage, AK

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