409 W Northern Lights Blvd Anchorage, AK 99503
Midtown NeighborhoodEstimated payment $13,340/month
Highlights
- 0.74 Acre Lot
- West High School Rated A
- Baseboard Heating
About This Home
Excellent cash flow from long-term tenants at this AAA location mixed-use investment. The property includes retail, office, shop, and 2nd-floor residential units-newly remodeled with strong lease history and meticulous maintenance. Vacant lot included currently used for snow storage. Priced to sell at $2.35M (8.4% Cap Rate). Please don' disturb tenants, see package attached. Financials available.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $9,827
Year Built
- Built in 1964
Parking
- 2 Car Garage
Home Design
- 14,200 Sq Ft Home
- Block Foundation
- Slab Foundation
- Block Exterior
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Full Bathrooms
Schools
- North Star Elementary School
- Romig Middle School
- West Anchorage High School
Additional Features
- 0.74 Acre Lot
- Baseboard Heating
Community Details
- 3 Buildings
- 11 Units
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 | $9,827 | $689,300 | $286,700 | $402,600 |
| 2024 | $9,827 | $608,700 | $286,700 | $322,000 |
| 2023 | $9,918 | $582,400 | $275,700 | $306,700 |
| 2022 | $9,499 | $564,100 | $260,100 | $304,000 |
| 2021 | $10,594 | $587,900 | $255,100 | $332,800 |
| 2020 | $10,251 | $603,000 | $250,000 | $353,000 |
| 2019 | $9,814 | $599,900 | $245,100 | $354,800 |
| 2018 | $9,645 | $588,100 | $245,100 | $343,000 |
| 2017 | $8,876 | $566,800 | $245,100 | $321,700 |
| 2016 | $7,945 | $554,000 | $245,100 | $308,900 |
| 2015 | $7,945 | $541,100 | $245,100 | $296,000 |
| 2014 | $7,945 | $529,900 | $245,100 | $284,800 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/04/2024 12/04/24 | For Sale | $2,350,000 | -- | $165 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $360,000 | New Conventional | |
| Closed | $212,500 | New Conventional | |
| Closed | $212,500 | Commercial |
Source: Alaska Multiple Listing Service
MLS Number: 24-14671
APN: 00902437000
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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