3635-3711 Carleton Avenue, Anchorage, AK 99517
Local realty services provided by:Better Homes and Gardens Real Estate Dream Makers
3635-3711 Carleton Avenue,Anchorage, AK 99517
$2,850,000
- 33 Beds
- 33 Baths
- 15,246 sq. ft.
- Multi-family
- Active
Listed by: ayla l king, michael k linn
Office: buyers real estate, llc.
MLS#:26-9458
Source:AK_AMLS
Price summary
- Price:$2,850,000
- Price per sq. ft.:$186.93
About this home
Exceptional West Anchorage Investment Opportunity - 11 Townhouse-Style Apartments with Condo Conversion Option. Bult in 1985 to condo specs, each spacious residence offers 3bed/2.5 baths, a large 1car garage & extra storage, private laundry, decks w/ sliding glass doors, nicely updated kitchens. Tenants pay G&E. Freshly painted, updated decks and most units remodeled. Roofs replaced in 2021. Each unit size is 1386sqft per recent appraisal. Appraised value came in at $2,850,000 June 2026. Replat happened in spring 2026, dividing up the original lot into a 4plex, 7plex & R2M lot.
The building is 100% occupied by credit-qualified tenants, whom pay their own G&E. Big upside to potentially operate bnbs given the fantastic Turnagain location.
The true value lies in the future. The seller has completed nearly all of the legal work necessary for a condominium conversion, allowing a new owner the opportunity to finish the process and potentially sell each townhouse individually. With an estimated market value of approximately $330,000 per unit, the property offers a compelling value-add strategy rarely found in today's market.
As an added bonus, the seller is also offering the adjacent R2M development parcel (MLS #26-6497). A builder recently confirmed the site can accommodate up to 10 additional units, and the project qualifies for the Municipality's tax abatement program. Purchase all properties together and the seller will offer a discounted package price, creating an exceptional opportunity to expand your footprint in one of Anchorage's strongest rental markets.
Whether you're seeking stable cash flow today, long-term appreciation, or the ability to unlock substantial equity through condominium sales, this is a truly one-of-a-kind investment opportunity in South Turnagain.
Buyer to verify all information....
Contact an agent
Home facts
- Year built:1985
- Listing ID #:26-9458
- Added:1 day(s) ago
- Updated:July 30, 2026 at 11:03 PM
Rooms and interior
- Bedrooms:33
- Total bathrooms:33
- Full bathrooms:11
- Half bathrooms:11
- Flooring:Laminate
- Living area:15,246 sq. ft.
Structure and exterior
- Roof:Asphalt, Shingle
- Year built:1985
- Building area:15,246 sq. ft.
- Lot area:0.68 Acres
- Foundation Description:Block
Schools
- High school:West Anchorage
- Middle school:Mears
- Elementary school:Turnagain
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,850,000
- Price per sq. ft.:$186.93
- Tax amount:$26,000
Parking
- Parking description:Attached
- Garage:Yes
- Garage spaces:11
New listings near 3635-3711 Carleton Avenue
- New
$279,500Active0.44 Acres1917 Alyeska Highway, Girdwood, AK 99587
MLS# 26-9435Listed by: ELITE REAL ESTATE ANCHORAGE BRANCH - Coming Soon
$469,000Coming Soon-- Acres4025 Cotton Grass Drive, Eagle River, AK 99577
MLS# 26-9533Listed by: JACK WHITE REAL ESTATE - New
$275,000Active1.37 AcresL5 Mountainside Village Drive, Anchorage, AK 99516
MLS# 26-9535Listed by: THE AGENCY ANCHORAGE - Coming Soon
$599,900Coming Soon6 beds 3 baths5131 Hatcher Circle, Anchorage, AK 99508
MLS# 26-9522Listed by: REALTY ONE GROUP AURORA - New
$250,000Active2 beds 2 baths744 sq. ft.7371 Huntsmen Circle Circle #16B, Anchorage, AK 99518
MLS# 26-9517Listed by: ALASKA REAL ESTATE ASSOCIATES, LLC - New
$65,000Active0.14 Acres833 N Lane Street, Anchorage, AK 99508
MLS# 26-9505Listed by: JACK WHITE REAL ESTATE - Coming Soon
$155,000Coming Soon-- Acres12150 Hillside Drive, Anchorage, AK 99507
MLS# 26-9439Listed by: EXP REALTY, LLC ANCHORAGE - New
$99,000Active0.17 Acres3406 Cope Street, Anchorage, AK 99503
MLS# 26-9457Listed by: ALASKA REALTY & INVESTMENTS - New
$560,000Active8 beds 4 baths3,456 sq. ft.641 N Bragaw Street, Anchorage, AK 99508
MLS# 26-9461Listed by: CORNERSTONE REALTY