$589,000
SOLD JAN 29, 2025
Last list price

3932 E 9th Ave Anchorage, AK 99508

Russian Jack Park Neighborhood
6 Beds
6 Baths
4,128 Sq Ft
0.25 Acres

Recently Sold

$143 Per Sq Ft

145 Days on Market

Highlights

  • Shed
  • Baseboard Heating
  • Washer and Dryer

About This Home

As of January 2025

Ready for new owners, this well maintained and turnkey cash flowing investment property has undergone extensive rehab with tens of thousands in fresh unit updates. Carefully screened tenant placement with adjusted market rate rents allow this property to bring in around $7,500/mo earning over $1,000/moo after expenses. This ~9.5% cap rate is what you're looking for to boost your portfolio!

Last Agent to Sell the Property

Tyler Hughes

Alaska Realty & Investments License #176167 Listed on: 06/02/2024

Last Buyer's Agent

Tyler Hughes

Alaska Realty & Investments License #176167 Listed on: 06/02/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,332

Year Built

  • Built in 1969

Home Design

  • 4,128 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Parking

  • 14 Parking Spaces
  • Paved Parking
  • Open Parking

Schools

  • Btv-Undiscl By Ll Elementary And Middle School
  • Btv-Undiscl By Ll High School

Additional Features

  • Washer and Dryer
  • Shed
  • 0.25 Acre Lot
  • Baseboard Heating

Listing and Financial Details

  • Total Actual Rent $7,095

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $1,335
  • Fuel Expense $4,200
  • Insurance Expense $3,500
  • Maintenance Expense $3,000
  • Other Expense $3,600
  • Trash Expense $2,218
  • Water Sewer Expense $3,400
  • Operating Expense $15,000
  • Gross Income $90,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,332

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.25
  • Road Surface Type: Paved
  • Directions: From Debarr, N on Bragaw, E on 9th to property on right.
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Multi Family
  • Year Built: 1969
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Washer/Dryer
  • Full Bathrooms: 6
  • Total Bedrooms: 6
  • Interior Amenities: Storage
  • Living Area: 4128

Exterior Features

  • Lot Features: City Lot
  • Topography: Level
  • View: No
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Construction Type: Wood Siding
  • Other Structures: Shed(s)
  • Property Condition: Existing Structure

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Paved
  • Total Parking Spaces: 14

Utilities

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

Fee Information

  • Annual Fuel Expense: 4200
  • Trash Expense: 2218
  • Annual Water Sewer Expense: 3400

Schools

  • Elementary School: BTV-Undiscl by LL
  • High School: BTV-Undiscl by LL
  • Middle Or Junior School: BTV-Undiscl by LL

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 10890
  • Mobile Dim Units: Feet
  • Zoning Description: Multiple Family Residential
  • Zoning: R4
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Number Of Units Total: 6
  • Electric Expense: 1335
  • Annual Gross Income: 90800
  • Insurance Expense: 3500
  • Maintenance Expense: 3000
  • Annual Operating Expense: 15000
  • Total Actual Rent: 7095

Tax Info

  • Tax Annual Amount: 6332
  • Tax Map Number: N/A

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Range of Values:

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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
01/29/2025 01/29/25 Sold -- -- --
10/31/2024 10/31/24 Pending -- -- --
10/09/2024 10/09/24 Price Changed $589,000 -1.7% $143 / Sq Ft
06/30/2024 06/30/24 Price Changed $599,000 -4.9% $145 / Sq Ft
06/07/2024 06/07/24 For Sale $630,000 0.0% $153 / Sq Ft
05/18/2024 05/18/24 Rented $1,195 0.0% --
05/01/2024 05/01/24 For Rent $1,195 0.0% --
03/26/2019 03/26/19 Sold -- -- --
09/29/2018 09/29/18 Pending -- -- --
09/05/2017 09/05/17 For Sale $449,900 -- $109 / Sq Ft
Source: Alaska Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2025

    Tyler Hughes

    Alaska Realty & Investments

    (907) 982-8303

    1 in this area

    84 Total Sales

    Tyler Hughes
    Section Image

  • N

    Seller's Agent in 2024

    Nate Castle

    Alaska Property Managers

    (907) 268-9578

    1 in this area

    10 Total Sales

    Nate Castle
    Section Image
  • Adrian Jaime

    Seller's Agent in 2019

    Adrian Jaime

    Real Broker Alaska

    (907) 562-6464

    9 in this area

    161 Total Sales

    Adrian Jaime
    Section Image
See All Agents

Map

Source: Alaska Multiple Listing Service

MLS Number: 24-6425

Alaska Multiple Listing Service

Alaska Anchorage Borough Anchorage 99508 Russian Jack Park

3932 E 9th Ave, Anchorage, AK

This home is located at 3932 E 9th Ave, Anchorage, AK 99508 and is currently priced at $589,000, approximately $142 per square foot. This property was built in 1969. 3932 E 9th Ave is a home located in Anchorage Municipality with nearby schools including Williwaw Elementary School, Clark Middle School, and Bettye Davis East Anchorage High School.

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