$645,000
PENDING $80K PRICE DROP

Estimated payment $4,055/month

Total Views 7,485
11 Beds
9 Baths
6,551 Sq Ft
$98 Price per Sq Ft

Highlights

  • Unobstructed Views
  • Baseboard Heating
  • 1-minute walk to Duldida Park
  • Tile Flooring

About This Home

12% cap rate on this - 8 plex consisting of 2 - 1 bed/1 bath and 6 efficiency units plus a 3 bedroom 1 bath house all on one lot. Both the 8 plex and the house exteriors have been recently repainted, ('24), with new cold and hot water supply piping in entire 8 plex, hydronic system new, new tubs and surrounds in all 8 units as well. Many upgrades easily totalling over $90,000 has been performed.in the last year. Rents range from 950 to 1075/month. House is $2000/month. Building is compliant with guidelines and qualifications for with AK Housing Finance Corporation or similar programs. 3 tenants currently housed under the Alaska Housing voucher. Additional rental income possible with solving basement egress issue if desired. 4 units have gas stoves with 4 units plumbed for gas stoves but not currently installed. New Burnham Series 2 205E hydronic system (9 zones, full piping replacement, all baseboards elements and enclosures) and a brand new AO Smith hot water heater.

Listing Agent

Sam Steele

Jack White Commercial License #15685 Listed on: 09/08/2025

Co-Listing Agent

Alison Lane

RE/MAX Dynamic Properties License #15678

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,784

Year Built

  • Built in 1977

Home Design

  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Bitumen Roof

Interior Spaces

  • 6,551 Sq Ft Home
  • Unobstructed Views
  • Fire and Smoke Detector

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 9 Full Bathrooms

Parking

  • 12 Parking Spaces
  • Paved Parking
  • Open Parking

Schools

  • Mountain View Elementary School
  • Clark Middle School
  • Bettye Davis East Anchorage High School

Additional Features

  • 6,098 Sq Ft Lot
  • Baseboard Heating

Community Details

Overview

  • 2 Buildings
  • 9 Units

Building Details

  • Electric Expense $4,345
  • Fuel Expense $4,880
  • Insurance Expense $8,242
  • Maintenance Expense $4,196
  • Other Expense $8,761
  • Professional Management Expense $5,461
  • Trash Expense $2,953
  • Water Sewer Expense $2,367
  • New Taxes Expense $542
  • Operating Expense $53,917
  • Gross Income $126,017
  • Net Operating Income $72,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,784

Year Built

Built in 1977

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.14
  • Road Surface Type: Paved
  • Professional Management Expense: 5461
  • Co List Office Phone: 907-865-4700
  • Directions: East on Mountain View Drive, left on Park St then right on Thompson Avenue to the complex on the left at the corner of Thompson and Bunn.
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Multi Family
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Number Of Buildings: 2
  • Full Bathrooms: 9
  • Total Bedrooms: 11
  • Flooring: Laminate, Tile
  • Living Area: 6551

Exterior Features

  • Lot Features: City Lot
  • Topography: Level
  • View: Unobstructed
  • View: Yes
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Construction Type: Metal, Wood Frame - 2x4
  • Foundation Details: Block
  • Property Condition: Existing Structure
  • Roof: Bitumen/Torch Down, Shingle

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Paved, No Carport, No Garage
  • Total Parking Spaces: 12

Utilities

  • Security: Smoke Detector(s)
  • Heating: Baseboard, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Fee Information

  • Annual Fuel Expense: 4880
  • Trash Expense: 2953
  • Annual Water Sewer Expense: 2367

Schools

  • Elementary School: Mountain View
  • High School: Bettye Davis East Anchorage
  • Middle Or Junior School: Clark

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 6098.4
  • Mobile Dim Units: Feet
  • Zoning Description: Multiple Family Residential
  • Zoning: R3

Green Features

Multi Family

  • Number Of Units Total: 9
  • Electric Expense: 4345
  • Annual Gross Income: 126017
  • Insurance Expense: 8242
  • Maintenance Expense: 4196
  • Property Net Operating Income: 72100
  • Annual Operating Expense: 53917
  • Total Actual Rent: 10100
  • Income And Expenses Vacancy Allowance: 6060

Tax Info

  • New Taxes Expense: 542
  • Tax Annual Amount: 8784
  • Tax Map Number: N/A
  • Tax Year: 2025

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $8,457 $556,300 $45,600 $510,700
2024 $8,457 $523,800 $45,600 $478,200
2023 $8,512 $499,800 $45,600 $454,200
2022 $7,394 $439,100 $45,600 $393,500
2021 $7,841 $435,100 $45,600 $389,500
2020 $7,915 $465,600 $60,300 $405,300
2019 $7,678 $469,300 $60,300 $409,000
2018 $7,657 $466,900 $60,300 $406,600
2017 $7,290 $465,500 $60,300 $405,200
2016 $6,223 $466,900 $60,300 $406,600
2015 $6,223 $453,500 $60,300 $393,200
2014 $6,223 $433,500 $60,300 $373,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/07/2026 01/07/26 Pending -- -- --
12/30/2025 12/30/25 For Sale $645,000 0.0% $98 / Sq Ft
12/13/2025 12/13/25 Pending -- -- --
11/26/2025 11/26/25 For Sale $645,000 0.0% $98 / Sq Ft
10/22/2025 10/22/25 Pending -- -- --
10/16/2025 10/16/25 Price Changed $645,000 -5.8% $98 / Sq Ft
10/09/2025 10/09/25 Price Changed $685,000 -1.4% $105 / Sq Ft
09/24/2025 09/24/25 Price Changed $695,000 -4.1% $106 / Sq Ft
09/08/2025 09/08/25 For Sale $725,000 -- $111 / Sq Ft
Source: Alaska Multiple Listing Service

Source: Alaska Multiple Listing Service

MLS Number: 25-11654

Alaska Multiple Listing Service
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