3401 E 15th Ave Anchorage, AK 99508
Airport Heights NeighborhoodEstimated payment $4,592/month
About This Home
Updated 4-plex at 3401 E 15th Ave, Anchorage (Airport Heights) generating $7,200/mo. Beautiful interiors with updated flooring, cherry kitchen cabinets, and a new boiler. Superb location close to hospitals, UAA, and JBER.Unit 1 - 2BR/1BA: $1,750/mo, renewed for a new 12-month lease in August.
Unit 2 - 2BR/1BA: $1,750/mo, renewed for a new 12-month lease in August.
Unit 3 - 2BR/1BA: $1,750/mo, renewed for a new 12-month lease in August.
Unit 4 - 2BR/1BA (Furnished): $1,950/mo, lease until November; furnishings can convey for an easy continuation as a mid-term rental or potential STVR.
Owner-occupants can move into Unit 4 at its November turnover and let the other three units ($5,250/mo) offset your payment. With an estimated $5,158/mo PITI at 5% down, your personal net cost of housing could be ~$800 after all expenses for the entire building.
Investors can purchase turnkey with estimated $4,467/mo PITI at 20% down. Potential gross income after PITI ~$2,465/mo. That's ~18% pre-expense cash-on-cash return.
Additional highlights: Airport Heights neighborhood, handsome finishes (flooring + cherry cabinets), new boiler, and proximity to major employment/education hubs. Strong income from day one with flexibility to adjust strategy at turnover. Please do not disturb occupants. Buyer to verify all information and figures.
Proforma in MLS Docs - Seller is Owner/Agent.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,994
Year Built
- Built in 1964
Parking
- 6 Parking Spaces
Home Design
- 3,648 Sq Ft Home
- Quadruplex
- Block Foundation
- Shingle Roof
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Schools
- Airport Heights Elementary School
- Wendler Middle School
- Bettye Davis East Anchorage High School
Additional Features
- 7,405 Sq Ft Lot
- Baseboard Heating
Community Details
Overview
- 4 Units
Building Details
- Operating Expense $1,321
- Gross Income $86,500
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,994 | $451,800 | $96,300 | $355,500 |
| 2024 | $2,994 | $441,700 | $96,300 | $345,400 |
| 2023 | $6,984 | $410,100 | $96,300 | $313,800 |
| 2022 | $6,645 | $394,600 | $96,300 | $298,300 |
| 2021 | $6,606 | $366,600 | $96,300 | $270,300 |
| 2020 | $5,285 | $361,200 | $96,300 | $264,900 |
| 2019 | $5,024 | $357,100 | $96,300 | $260,800 |
| 2018 | $5,033 | $356,900 | $96,300 | $260,600 |
| 2017 | $5,691 | $363,400 | $96,300 | $267,100 |
| 2016 | $4,311 | $358,200 | $82,300 | $275,900 |
| 2015 | $4,311 | $345,100 | $82,300 | $262,800 |
| 2014 | $4,311 | $339,900 | $77,700 | $262,200 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/14/2025 09/14/25 | For Sale | $815,000 | +53.8% | $223 / Sq Ft |
| 05/20/2024 05/20/24 | Sold | -- | -- | -- |
| 10/21/2023 10/21/23 | Pending | -- | -- | -- |
| 10/19/2023 10/19/23 | For Sale | $530,000 | 0.0% | $145 / Sq Ft |
| 10/14/2023 10/14/23 | Pending | -- | -- | -- |
| 10/02/2023 10/02/23 | Price Changed | $530,000 | -1.9% | $145 / Sq Ft |
| 10/02/2023 10/02/23 | For Sale | $540,000 | 0.0% | $148 / Sq Ft |
| 09/20/2023 09/20/23 | Pending | -- | -- | -- |
| 09/15/2023 09/15/23 | Price Changed | $540,000 | -1.8% | $148 / Sq Ft |
| 09/06/2023 09/06/23 | For Sale | $550,000 | 0.0% | $151 / Sq Ft |
| 08/30/2023 08/30/23 | Pending | -- | -- | -- |
| 08/17/2023 08/17/23 | For Sale | $550,000 | +19.8% | $151 / Sq Ft |
| 04/23/2021 04/23/21 | Sold | -- | -- | -- |
| 01/20/2021 01/20/21 | Pending | -- | -- | -- |
| 11/05/2020 11/05/20 | For Sale | $459,000 | +4.3% | $126 / Sq Ft |
| 03/10/2017 03/10/17 | Sold | -- | -- | -- |
| 01/21/2017 01/21/17 | Pending | -- | -- | -- |
| 01/18/2017 01/18/17 | For Sale | $439,900 | +29.4% | $121 / Sq Ft |
| 03/05/2013 03/05/13 | Sold | -- | -- | -- |
| 01/17/2013 01/17/13 | Pending | -- | -- | -- |
| 05/18/2012 05/18/12 | For Sale | $339,900 | -- | $93 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | Sta | |
| Warranty Deed | -- | Ftaa | |
| Warranty Deed | -- | Auta | |
| Warranty Deed | $227,208 | Auta | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | Stewart Title Of Alaska | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $495,206 | VA | |
| Previous Owner | $441,849 | FHA | |
| Previous Owner | $441,849 | FHA | |
| Previous Owner | $441,849 | FHA | |
| Previous Owner | $440,965 | FHA | |
| Previous Owner | $70,000 | No Value Available | |
| Previous Owner | $24,000 | No Value Available | |
| Previous Owner | $208,000 | No Value Available | |
| Previous Owner | $46,500 | No Value Available | |
| Previous Owner | $242,250 | New Conventional | |
| Previous Owner | $242,250 | Purchase Money Mortgage | |
| Previous Owner | $242,250 | No Value Available | |
| Previous Owner | $0 | FHA | |
| Previous Owner | $125,000 | VA | |
| Previous Owner | $5,552 | New Conventional | |
| Closed | $0 | FHA |
Source: Alaska Multiple Listing Service
MLS Number: 25-11929
APN: 00412411000
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.
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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