$609,000
SOLD MAR 14, 2022
Last list price
10 Beds
4 Baths
3,696 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$165 Per Sq Ft

5 Days on Market

Highlights

  • Peek-A-Boo Views
  • Baseboard Heating
  • Carpet
  • Dimond High School Rated A-
  • Washer and Dryer

About This Home

As of March 2022

Ideal owner occupied South side 4-Plex on cul-de-sac, plenty of parking. 2-3 bedroom units and 2-2bedroom units. Open floor plans and lots of closet space in each unit. Coin-op washer/dryer. Close to the airport and schools. Long term tenants with good cash flow. Great opportunity for the seasoned or beginner investor. Units 1 and 3 have been recently updated.

Last Agent to Sell the Property

Matt Arndt

Keller Williams Realty Alaska Group of Wasilla License #17795 Listed on: 01/18/2022

Keller Williams Realty Alaska Group of Wasilla

Last Buyer's Agent

Joslyn Blanchard

Jack White Real Estate License #18636

Jack White Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 7,405 Sq Ft Lot

Parking

  • 8 Parking Spaces

Home Design

  • Quadruplex
  • Block Foundation
  • Shingle Roof
  • Composition Roof
  • Asphalt Roof
  • Metal Siding

Interior Spaces

  • 3,696 Sq Ft Home
  • Peek-A-Boo Views
  • Fire and Smoke Detector
  • Washer and Dryer

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Full Bathrooms

Schools

  • Gladys Wood Elementary School
  • Mears Middle School
  • Dimond High School

Utilities

  • Radiant Heating System
  • Baseboard Heating

Listing and Financial Details

  • Total Actual Rent $5,000

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $480
  • Fuel Expense $5,400
  • Maintenance Expense $750
  • Trash Expense $1,200
  • Water Sewer Expense $3,800
  • New Taxes Expense $10,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.17
  • Road Frontage Type: Dedicated Road
  • Road Surface Type: Paved
  • Directions: From Raspberry Road, South on Cranberry, West on 69th, North on Colonial. Property is on the right
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Quadruplex, Up and Down
  • Year Built: 1970
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Washer/Dryer
  • Full Bathrooms: 4
  • Total Bedrooms: 10
  • Flooring: Carpet, Laminate
  • Interior Amenities: Storage
  • Living Area: 3696

Exterior Features

  • Lot Features: City Lot
  • Topography: Level
  • View: Partial
  • View: Yes
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Construction Type: Metal, Metal Siding, Frame
  • Foundation Details: Block, Concrete Perimeter
  • Property Condition: Existing Structure
  • Roof: Asphalt, Composition, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Carport, No Garage
  • Total Parking Spaces: 8

Utilities

  • Laundry Features: Common Area
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Heating: Baseboard, Radiant
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Fee Information

  • Annual Fuel Expense: 5400
  • Trash Expense: 1200
  • Annual Water Sewer Expense: 3800

Schools

  • Elementary School: Gladys Wood
  • High School: Dimond
  • Middle Or Junior School: Mears

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 7405.2
  • Mobile Dim Units: Feet
  • Zoning Description: Multiple Family Residential
  • Zoning: R3
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 480
  • Maintenance Expense: 750
  • Total Actual Rent: 5000
  • Income And Expenses Vacancy Allowance: 1250

Tax Info

  • New Taxes Expense: 10200
  • Tax Map Number: N/A

Similar Homes in Anchorage, AK

  • 7210 Bearfoot Dr, Anchorage, AK 99502

    $749,900

    • 8 Beds
    • 4 Baths
    • 4,352 Sq Ft
    • 7210 Bearfoot Dr
    • Anchorage, AK

    Opportunity knocks! 4-plex in great rental area. Building well maintained and in excellent condition. New paint 2024. WD, FP, deck in each unit. Upper units w/vaulted ceilings. Please see attached docs for income/expense info and disclosures. Buyer to review/sign Disclosure documents to be included with offer. Buyer to verify all info.

    Kris Abegg Paragon Properties

    Section Image
  • 3721 Core Ct, Anchorage, AK 99502

    $670,000

    • 9 Beds
    • 4 Baths
    • 3,432 Sq Ft
    • 3721 Core Ct
    • Anchorage, AK

    Take advantage of this fantastic investment opportunity! Located in a peaceful cul-de-sac in South Anchorage, this updated 4-plex features three 2-bedroom, 1-bath units and one spacious 3-bedroom, 1-bath unit. Recent upgrades include modern appliances and durable LVP flooring.Each unit has dedicated off-street parking, and tenants have access to a shared coin-operated laundry.The property is

    Willie Brown Jack White Real Estate

    Section Image
  • 4116 W 88th Ave, Anchorage, AK 99502

    $689,000

    • 9 Beds
    • 5 Baths
    • 3,462 Sq Ft
    • 4116 W 88th Ave
    • Anchorage, AK

    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

    Keenan Fitzpatrick Real Broker Alaska

    Section Image
  • 4148 W 88th Ave, Anchorage, AK 99502

    $649,900

    • 10 Beds
    • 5.5 Baths
    • 4,416 Sq Ft
    • 4148 W 88th Ave
    • Anchorage, AK

    Multifamily investment opportunity in a desirable neighborhood. Spacious duplex with upside potential, ideal for investors or owner-occupants. Large R2A lot offers potential to convert existing unfinished ground-level shop with private access into ADU. Left unit (4148) vacant, long term tenants on month to month lease at under market rent in right unit (4150).Property has deferred maintenance and

    Zach Menzel Boretide Properties

    Section Image
  • 4312 Penguin St, Anchorage, AK 99503

    $674,000

    • 8 Beds
    • 4 Baths
    • 3,456 Sq Ft
    • 4312 Penguin St
    • Anchorage, AK

    Exceptional fourplex located on a quiet, tucked-away street. This well-maintained property features strong, reliable tenants and rare covered carport parking--making it highly desirable and easy to manage. Each unit offers generous space and privacy. Recent upgrades include a brand-new boiler and other thoughtful improvements throughout. Easily one of the nicest fourplexes on the market today.

    Justin McGhee Cornerstone Realty

    Section Image
  • 3608 Lois Dr, Anchorage, AK 99517

    $695,000

    • 12 Beds
    • 6 Baths
    • 6,048 Sq Ft
    • 3608 Lois Dr
    • Anchorage, AK

    🏘️ West Anchorage 6-Plex - Solid Investment Opportunity with Long-Term Tenants!Investor alert! This well-maintained 6-plex in sought-after West Anchorage offers the perfect blend of stability, functionality, and future upside. All six units are spacious 2-bedrooms, each thoughtfully laid out to maximize comfort and rental appeal. Fully occupied with long-term tenants Strong

    Derek Hert CORE Real Estate Group, LLC.

    Section Image
  • 2510 Abbey Ln, Anchorage, AK 99517

    $630,000

    • 8 Beds
    • 4 Baths
    • 3,520 Sq Ft
    • 2510 Abbey Ln
    • Anchorage, AK

    This well-maintained Spenard 4plex is just one lot over from Fish Creek Trail access and is near midtown, parks, trails and grocery shopping! Abbey Ln has no through traffic and the yard backs to green space. Many updates have been completed throughout the years including: newer windows throughout, new roof in 2018, new boiler in 2019. Rents/leases are: Unit 1: $1250- 3 year lease, Unit 2:

    Britta Sonerholm Keller Williams Realty Alaska Group

    Section Image
  • 4113 Cope St, Anchorage, AK 99503

    $500,000

    • 8 Beds
    • 3 Baths
    • 3,248 Sq Ft
    • 4113 Cope St
    • Anchorage, AK

    Nice location midtown Duplex with 8 bedrooms ideal for a large family. 1-3BR Unit, 1-5 BR Unit, 3 kitchens, washer and dryer on site. and fully rented to long term tenants. Property recreated in 1984.

    Elsa Sargento Real Estate Brokers of Alaska

    Section Image
  • 3505 Iowa St, Anchorage, AK 99517

    $750,000

    • 12 Beds
    • 6 Baths
    • 5,378 Sq Ft
    • 3505 Iowa St
    • Anchorage, AK

    Presenting a well-maintained and recently upgraded 6-unit multifamily investment property. This 6- plex represents a prime investment opportunity in Anchorage's dynamic rental market. With its recent upgrades, strong tenant appeal, and solid financials, it's a must-see for any investor.

    Jonathon Rodriguez Real Broker Alaska

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
03/14/2022 03/14/22 Sold -- -- --
01/26/2022 01/26/22 Pending -- -- --
01/20/2022 01/20/22 For Sale $609,000 +13.0% $165 / Sq Ft
11/04/2019 11/04/19 Sold -- -- --
08/02/2019 08/02/19 Pending -- -- --
08/01/2019 08/01/19 For Sale $539,000 +10.2% $146 / Sq Ft
09/29/2017 09/29/17 Sold -- -- --
07/29/2017 07/29/17 Pending -- -- --
07/13/2017 07/13/17 For Sale $489,000 -- $132 / Sq Ft
Source: Alaska Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Alaska Multiple Listing Service

MLS Number: 22-571

Alaska Multiple Listing Service