$815,000

3401 E 15th Avenue, Anchorage, AK 99508

  • 8 beds |
  • 4 baths |
  • 3,648 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1964
  • Property Lot Size Icon7,405sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $223/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

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.

Listing Status:
Active
Date Added:
September 14, 2025 at 05:00AM
Listing Office:
Real Broker Alaska : 855-450-0442
MLS ID:
25-11929
  • Flooring: LaminateTileCarpet
  • Heating: BaseboardNatural Gas
  • Roofing: Shingle
  • General: Block
  • Road/Access: PavedMaintained
  • Originating MLS: Alaska Multiple Listing Service
  • Zoning: R2D - Two Family ResidentialGrandview Gardens L9 B70041241100001
  • Sewer: Public Sewer
  • Source: Alaska Multiple Listing Service

This listing courtesy of Real Broker Alaska

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

A

Airport Heights Elementary School

1510 Alder Dr, Anchorage, AK, 99508

Grades PK-6

0.42 miles away

W

Wendler Middle School

2905 Lake Otis Rkwy, Anchorage, AK, 99508

Grades 7-8

1.17 miles away

B

Bettye Davis East Anchorage High School

4025 E Northern Lights Blvd, Anchorage, AK, 99508

Grades 9-12

0.71 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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