$750,000

3505 Iowa St Anchorage, AK 99517

Spenard Neighborhood

Estimated payment $4,860/month

Total Views 1,712
12 Beds
6 Baths
5,378 Sq Ft
$139 Price per Sq Ft

Highlights

  • Baseboard Heating
  • West High School Rated A
  • 2-minute walk to Woodland Park

About This Home

Presenting a well-maintained and recently upgraded 6-unit multifamily investment property. This 6- plex represents a prime investment opportunity in Anchorage's dynamic rental market. With its recent upgrades, strong tenant appeal, and solid financials, it's a must-see for any investor.Upper-level apartments enjoy private balconies, while lower-level units offer direct, covered access from the carportproviding convenience and comfort for tenants.Tenants pay their own electric, and two units contribute to gas utility costs. Strong financials in place: cap rate just under 8%, with an estimated 9% cash return on a 20% down payment.

Listing Agent

Jonathon Rodriguez

Real Broker Alaska License #17970

Co-Listing Agent

Ariel Valenzuela

Real Broker Alaska License #176320

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $8,407

Year Built

  • Built in 1970

Home Design

  • 5,378 Sq Ft Home
  • Block Foundation

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Full Bathrooms

Parking

  • 8 Parking Spaces
  • Carport

Schools

  • Northwood Elementary School
  • Romig Middle School
  • West Anchorage High School

Additional Features

  • 7,841 Sq Ft Lot
  • Baseboard Heating

Community Details

  • 6 Units

Property Details

Home Type

Apartment

Est. Annual Taxes

$8,407

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.18
  • Road Surface Type: Paved
  • Co List Office Mls Id: 1183
  • Co List Office Phone: 855-450-0442
  • Directions: Minnesota south to right (west) on 36th, across railroad tracks, just past the Boys & Girls Club, go right on Iowa, building cat-a-corner from park with playground equipment.
  • Carport Y N: Yes
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Multi Family, Apartment Style
  • Year Built: 1970
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Full Bathrooms: 6
  • Total Bedrooms: 12
  • Living Area: 5378

Exterior Features

  • View: No
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Construction Type: Masonry, Metal
  • Foundation Details: Block
  • Property Condition: Existing Structure

Garage/Parking

  • Parking Features: Detached Carport
  • Total Parking Spaces: 8

Utilities

  • Laundry Features: Common Area
  • Heating: Baseboard, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: Northwood
  • High School: West Anchorage
  • Middle Or Junior School: Romig

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 7840.8
  • Mobile Dim Units: Feet
  • Zoning Description: Single Family Residential
  • Zoning: R1
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Number Of Units Total: 6

Tax Info

  • Tax Annual Amount: 8406.7
  • Tax Map Number: N/A
  • Tax Year: 2024

Map

Range of Values:

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Average Value
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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
05/06/2025 05/06/25 For Sale $750,000 +39.1% $139 / Sq Ft
01/02/2020 01/02/20 Sold -- -- --
06/22/2019 06/22/19 Pending -- -- --
01/06/2019 01/06/19 For Sale $539,000 -- $100 / Sq Ft
Source: Alaska Multiple Listing Service

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Source: Alaska Multiple Listing Service

MLS Number: 25-5151

Alaska Multiple Listing Service

Alaska Anchorage Borough Anchorage 99517 Spenard

3505 Iowa St, Anchorage, AK

Homes for Sale in Anchorage, AK

This home is located at 3505 Iowa St, Anchorage, AK 99517 and is currently priced at $750,000, approximately $139 per square foot. This property was built in 1970. 3505 Iowa St is a home located in Anchorage Municipality with nearby schools including Northwood Elementary School, Romig Middle School, and West High School.

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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.

Jonathon Rodriguez
Listing Agent
Jonathon Rodriguez
Section Image
Real Broker Alaska
(907) 947-3410