$689,000
$10K PRICE DROP

4116 W 88th Ave Anchorage, AK 99502

Sand Lake Neighborhood

Estimated payment $4,516/month

Total Views 2,529
9 Beds
5 Baths
3,462 Sq Ft
$199 Price per Sq Ft

Highlights

  • Ranch Style House
  • Views
  • Washer and Dryer
  • Dimond High School Rated A-
  • Baseboard Heating

About This Home

Right down the street from Jewel Lake Park! Don't miss out on this very well maintained and upgraded ranch style 4plex that actually cashflows. Gross rents are $7,900. Property can easily be converted back into a 4plex with an ADU by splitting unit 3. Units 1 and 2 are rented by the room with many long term tenants. Unit 4 is a turnkey AirBnB rental and those furnishings stay with the property.Recent upgrades and improvements
- Well house removed w/control box, pressure tank and filters moved to utility room. A new water main installed.
- New gas line on exterior of building installed.
- Unit #4 completely remodeled within last 24 months.
- New washer/dryer for shared laundry for units 1 & 2
- New Fridge in unit 3

Listing Agent

Keenan Fitzpatrick

Real Broker Alaska License #18901 Listed on: 06/20/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,528

Year Built

  • Built in 1963

Parking

  • 15 Parking Spaces

Home Design

  • 3,462 Sq Ft Home
  • Quadruplex
  • Ranch Style House
  • Shingle Roof
  • Composition Roof
  • Asphalt Roof

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Full Bathrooms

Schools

  • Sand Lake Elementary School
  • Mears Middle School
  • Dimond High School

Utilities

  • Baseboard Heating
  • Well

Additional Features

  • Washer and Dryer
  • 0.33 Acre Lot
  • Property Views

Community Details

  • 5 Units
  • Water Sewer Expense $2,988

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,528

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.33
  • Road Frontage Type: Dedicated Road
  • Road Surface Type: Paved
  • Directions: Jewel Lake, West on 88th. Property is on the left
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Quadruplex, Ranch
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Washer/Dryer
  • Full Bathrooms: 5
  • Total Bedrooms: 9
  • Living Area: 3462

Exterior Features

  • Lot Features: City Lot
  • Topography: Level
  • View: Mountain(s)
  • View: Yes
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Construction Type: Wood Siding, Frame
  • Property Condition: Existing Structure
  • Roof: Asphalt, Composition, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Carport, No Garage
  • Total Parking Spaces: 15

Utilities

  • Heating: Baseboard, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Well

Fee Information

  • Annual Water Sewer Expense: 2988

Schools

  • Elementary School: Sand Lake
  • High School: Dimond
  • Middle Or Junior School: Mears

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 14374.8
  • Mobile Dim Units: Feet
  • Zoning Description: Two Family Residential
  • Zoning: R2A

Green Features

Multi Family

  • Number Of Units Total: 5
  • Total Actual Rent: 7900

Tax Info

  • Tax Annual Amount: 8528
  • Tax Map Number: N/A
  • Tax Year: 2025

Map

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
07/03/2025 07/03/25 Price Changed $689,000 -1.4% $199 / Sq Ft
06/20/2025 06/20/25 For Sale $699,000 -- $202 / Sq Ft
Source: Alaska Multiple Listing Service

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Source: Alaska Multiple Listing Service

MLS Number: 25-7666

Alaska Multiple Listing Service

APN: 011-213-02-000

Alaska Anchorage Borough Anchorage 99502 Sand Lake

4116 W 88th Ave, Anchorage, AK

This home is located at 4116 W 88th Ave, Anchorage, AK 99502 and is currently priced at $689,000, approximately $199 per square foot. This property was built in 1963. 4116 W 88th Ave is a home located in Anchorage Municipality with nearby schools including Sand Lake Elementary, Mears Middle School, and Dimond High School.

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Keenan Fitzpatrick
Listing Agent
Keenan Fitzpatrick
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Real Broker Alaska
(907) 351-7812