$660,000
SOLD JUL 7, 2025
Last list price

5135 Rhyner Ct Anchorage, AK 99508

Russian Jack Park Neighborhood
6 Beds
4 Baths
3,072 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$215 Per Sq Ft

4 Days on Market

About This Home

As of July 2025

This exceptional triplex is just 7 minutes from local hospitals and colleges, making it a prime location for both short and long-term rental demand.The main unit is a spacious 3 bed, 2 bath home with a private garage and a rooftop deck that captures great sun perfect for relaxing or entertaining. The second unit is a fully remodeled 2 bed with its own 2 car garage. The third unit is a 1bed, occupied by a reliable long-term tenant of 10 years, providing steady income from day one.

Two of the three units have been fully remodeled, and the entire property has brand new windows throughout. This is a well-maintained, turnkey investment in a strong rental area.

Multifamily properties are easy to find but properties like this, with quality upgrades, ideal location, and income stability, don't come around often.

Last Agent to Sell the Property

Justin McGhee

Cornerstone Realty License #18120 Listed on: 05/16/2025

Co-Listed By

Jason Fawcett

Cornerstone Realty License #204116

Last Buyer's Agent

Keenan Fitzpatrick

Real Broker Alaska License #18901

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,015

Year Built

  • Built in 1983

Parking

  • 10 Parking Spaces

Home Design

  • 3,072 Sq Ft Home
  • Triplex
  • Block Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Schools

  • Nunaka Valley Elementary School
  • Clark Middle School
  • Bettye Davis East Anchorage High School

Additional Features

  • 9,583 Sq Ft Lot
  • Baseboard Heating

Community Details

  • 3 Units
  • Gross Income $67,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,015

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.22
  • Co List Office Mls Id: 1224
  • Co List Office Phone: 907-350-7077
  • Directions: Going east on Northern Lights, take left onto Glacier St., Right onto Rhyner CT.. 5135 Rhyner on left.
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Triplex
  • Year Built: 1983
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Living Area: 3072

Exterior Features

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

Garage/Parking

  • Total Parking Spaces: 10

Utilities

  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: Nunaka Valley
  • High School: Bettye Davis East Anchorage
  • Middle Or Junior School: Clark

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 9583.2
  • Mobile Dim Units: Feet
  • Zoning Description: Multi Family Residential
  • Zoning: R2M

Green Features

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 67200

Tax Info

  • Tax Map Number: N/A

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2025
Closed on
Jul 3, 2025
Sold by
Mcghee Joseph M and Mcghee Carmen Cami
Bought by
Theulen Jennifer Rose and Schnell Lindsey Marie
Seller's Agent
Justin McGhee
Cornerstone Realty
Buyer's Agent
Keenan Fitzpatrick
Real Broker Alaska
List Price
$660,000
Views
23
Current Estimated Value
$555,520

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-51.36%
Original Mortgage
$646,767
Outstanding Balance
$645,674
Interest Rate
6.86%
Mortgage Type
VA
Estimated Equity
-$90,154

Purchase Details

Closed on
Mar 24, 2011
Sold by
Buholm Patricia and Buholm Aksel P
Bought by
Mcghee Joseph M and Mcghee Carmen Cami

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$409,353
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 23, 2004
Sold by
Buholm Aksel P
Bought by
Buholm Aksel P and Mccormick Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,750
Interest Rate
6.35%

Purchase Details

Closed on
Mar 28, 2002
Sold by
Buholm Patricia R and Mccormick Patricia R
Bought by
Buholm Aksel P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,607
Interest Rate
6.84%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 22, 2002
Sold by
Mccormick Patricia R and Buholm Patricia R
Bought by
Buholm Aksel P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,607
Interest Rate
6.84%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Sta (Stewart Title Of Alaska)
Warranty Deed -- Fidelity Title Agency Of Ak
Warranty Deed -- First American Title Of Alas
Quit Claim Deed -- --
Quit Claim Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $646,767 VA
Previous Owner $409,353 FHA
Previous Owner $301,750 No Value Available
Previous Owner $250,607 FHA
Previous Owner $250,607 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/07/2025 07/07/25 Sold -- -- --
05/24/2025 05/24/25 Pending -- -- --
05/19/2025 05/19/25 For Sale $660,000 -- $215 / Sq Ft
Source: Alaska Multiple Listing Service

Tax History Compared to Growth

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 $7,015 $585,800 $102,100 $483,700
2024 $7,015 $509,500 $102,100 $407,400
2023 $6,831 $476,100 $102,100 $374,000
2022 $6,642 $444,400 $102,000 $342,400
2021 $7,327 $406,600 $102,000 $304,600
2020 $6,001 $403,300 $102,000 $301,300
2019 $5,827 $406,200 $102,000 $304,200
2018 $5,953 $413,000 $94,000 $319,000
2017 $6,563 $419,100 $94,000 $325,100
2016 $5,384 $415,700 $88,400 $327,300
2015 $5,384 $406,000 $88,400 $317,600
2014 $5,384 $393,900 $88,400 $305,500
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2025

    Justin McGhee

    Cornerstone Realty

    (907) 350-7077

    3 in this area

    50 Total Sales

    Justin McGhee
    Section Image

  • J

    Seller Co-Listing Agent in 2025

    Jason Fawcett

    Cornerstone Realty

    (907) 440-4881

    2 in this area

    17 Total Sales

    Jason Fawcett
    Section Image
  • Keenan Fitzpatrick

    Buyer's Agent in 2025

    Keenan Fitzpatrick

    Real Broker Alaska

    (907) 351-7812

    7 in this area

    114 Total Sales

    Keenan Fitzpatrick
    Section Image
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Map

Source: Alaska Multiple Listing Service

MLS Number: 25-5780

Alaska Multiple Listing Service

APN: 00632246000

Alaska Anchorage Borough Anchorage 99508 Russian Jack Park

5135 Rhyner Ct, Anchorage, AK

This home is located at 5135 Rhyner Ct, Anchorage, AK 99508 and is currently estimated at $660,000, approximately $214 per square foot. This property was built in 1983. 5135 Rhyner Ct is a home located in Anchorage Municipality with nearby schools including Nunaka Valley Elementary School, Clark Middle School, and Bettye Davis East Anchorage High School.

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