$2,295,000

3124 Richmond Ave Anchorage, AK 99508

Mountain View Neighborhood

Estimated payment $14,860/month

40 Beds
20 Baths
15,900 Sq Ft
$144 Price per Sq Ft

About This Home

Great Investment opportunity!Rents are $22,267 per month on 18 units.Potential rent could be $30,000 per month.Property appraised for $2,060,000 on June 23,2023.Assumable loan!Balance on existing loan is $1,214,333.57.Interest rate is 5.74%PITI is $9,443.59.Seller will owner finance with $600,000 down.Balance of $481,000@9%@10 yrs=$6093.10 per month.Full payoff in 6 years

Listing Agent

Kevin Elfrink

Globe Real Estate, LLC License #12377 Listed on: 08/06/2025

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1972

Parking

  • 20 Car Garage

Home Design

  • 15,900 Sq Ft Home
  • Block Foundation
  • Bitumen Roof

Bedrooms and Bathrooms

  • 40 Bedrooms
  • 20 Full Bathrooms

Schools

  • William Tyson Elementary School
  • Clark Middle School
  • Bettye Davis East Anchorage High School

Additional Features

  • 0.46 Acre Lot
  • Baseboard Heating

Community Details

  • 20 Units

Property Details

Home Type

Apartment

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.46
  • Road Surface Type: Paved
  • Directions: E. on Commercial Drive, N. on Schodde, W.on Richmond to address on L
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Multi Family, Apartment Style
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Full Bathrooms: 20
  • Total Bedrooms: 40
  • Flooring: Carpet, Laminate
  • Living Area: 15900

Exterior Features

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

Garage/Parking

  • Total Parking Spaces: 20

Utilities

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

Fee Information

  • Annual Fuel Expense: 1400
  • Annual Water Sewer Expense: 1041

Schools

  • Elementary School: William Tyson
  • High School: Bettye Davis East Anchorage
  • Middle Or Junior School: Clark

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 20037.6
  • Mobile Dim Units: Feet
  • Zoning Description: Multiple Family Residential
  • Zoning: R4

Green Features

Multi Family

  • Number Of Units Total: 40
  • Electric Expense: 108

Tax Info

  • Tax Map Number: N/A

Map

Range of Values:

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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 Change Sq Ft Price
08/06/2025 08/06/25 For Sale $2,295,000 -- $144 / Sq Ft
Source: Alaska Multiple Listing Service

Source: Alaska Multiple Listing Service

MLS Number: 25-10097

Alaska Multiple Listing Service

Alaska Anchorage Borough Anchorage 99501 Mountain View

3124 Richmond Ave, Anchorage, AK

This home is located at 3124 Richmond Ave, Anchorage, AK 99508 and is currently priced at $2,295,000, approximately $144 per square foot. This property was built in 1965. 3124 Richmond Ave is a home located in Anchorage Municipality with nearby schools including William Tyson Elementary School, Clark Middle School, and Bettye Davis East Anchorage High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Alaska Multiple Listing Service 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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Kevin Elfrink
Listing Agent
Kevin Elfrink
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Globe Real Estate, LLC
(907) 727-2150