3401 E 15th Avenue, Anchorage, AK 99508
Local realty services provided by:Better Homes and Gardens Real Estate Dream Makers
3401 E 15th Avenue,Anchorage, AK 99508
$815,000
- 8 Beds
- 4 Baths
- 3,648 sq. ft.
- Multi-family
- Active
Listed by: christopher porter
Office: real broker alaska
MLS#:25-11929
Source:AK_AMLS
Price summary
- Price:$815,000
- Price per sq. ft.:$223.41
About this home
Updated 4-plex at 3401 E 15th Ave, Anchorage (Airport Heights) generating $7,200/mo. Beautiful interiors with updated flooring, cherry kitchen cabinets, and a new boiler. Superb location close to hospitals, UAA, and JBER.Unit 1 - 2BR/1BA: $1,750/mo, renewed for a new 12-month lease in August.
Unit 2 - 2BR/1BA: $1,750/mo, renewed for a new 12-month lease in August.
Unit 3 - 2BR/1BA: $1,750/mo, renewed for a new 12-month lease in August.
Unit 4 - 2BR/1BA (Furnished): $1,950/mo, lease until November; furnishings can convey for an easy continuation as a mid-term rental or potential STVR.
Owner-occupants can move into Unit 4 at its November turnover and let the other three units ($5,250/mo) offset your payment. With an estimated $5,158/mo PITI at 5% down, your personal net cost of housing could be ~$800 after all expenses for the entire building.
Investors can purchase turnkey with estimated $4,467/mo PITI at 20% down. Potential gross income after PITI ~$2,465/mo. That's ~18% pre-expense cash-on-cash return.
Additional highlights: Airport Heights neighborhood, handsome finishes (flooring + cherry cabinets), new boiler, and proximity to major employment/education hubs. Strong income from day one with flexibility to adjust strategy at turnover. Please do not disturb occupants. Buyer to verify all information and figures.
Proforma in MLS Docs - Seller is Owner/Agent.
Contact an agent
Home facts
- Year built:1964
- Listing ID #:25-11929
- Added:150 day(s) ago
- Updated:February 10, 2026 at 03:24 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Full bathrooms:4
- Living area:3,648 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Roof:Shingle
- Year built:1964
- Building area:3,648 sq. ft.
- Lot area:0.17 Acres
Schools
- High school:Bettye Davis East Anchorage
- Middle school:Wendler
- Elementary school:Airport Heights
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$815,000
- Price per sq. ft.:$223.41
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