$509,900
$509,900
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9 Beds
4 Baths
4,088 SqFt
SOLD DATE : 07/14/2026
Key Details
Sold Price $509,900
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,088 sqft
Price per Sqft $124
MLS Listing ID 26-5808
Sold Date 07/14/26
Bedrooms 9
Full Baths 4
Construction Status Existing Structure
Year Built 1985
Annual Tax Amount $6,780
Lot Size 6,250 Sqft
Acres 0.14
Property Sub-Type Fourplex
Source Alaska Multiple Listing Service
Property Description
Stable Mountain View 4-plex with strong pro forma upside on a quiet street near JBER, schools, and shopping. Fully occupied by long-term tenants (2 to 5+ years), all current and on time, all on month-to-month leases -- giving a new owner flexibility to raise rents to market or occupy a unit. Current gross rent of $51,600/yr reflects below-market rates; comparable Mountain View 4-plexes with similar unit mix are achieving closer to $65,000/yr, representing roughly $12,000/yr in lease-up potential.
Individual electric meters (tenant-paid); owner currently covers gas, water/sewer, and refuse.
Investor-ready with a clear path to a 7%+ pro forma cap rate. Also a strong fit for an owner-occupant seeking a multi-unit property where rental income from the other units helps offset the mortgage.
Showings by appointment with minimum 24-hour notice -- tenants in place.
Only Units A and C were available for photos. All units are similar, with Unit B having an oversized living room closet and Unit D having 3 bedrooms.
Location
State AK
Area 50 - Post Rd - Glenn Hwy
Zoning R3 - Multiple Family Residential
Direction From Mountain View Drive, head north on Klevin, property is just past Peterkin on the right. Or use Google Maps.
Interior
Heating Baseboard
Flooring Carpet, Linoleum, Luxury Vinyl, Tile
Exterior
Parking Features None
Waterfront Description None
Water Access Desc Public
Roof Type Composition,Shingle,Asphalt
Topography Level
Building
Lot Description Level
Foundation Block, Poured Concrete
Lot Size Range 0.14
Sewer Public Sewer
Water Public
New Construction No
Construction Status Existing Structure
Schools
Elementary Schools Mountain View
Middle Schools Clark
High Schools Bettye Davis East Anchorage
Others
Tax ID 0050263900001
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
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