2607 W 33rd AVE new Save Request In-Person Tour Request Virtual Tour
Anchorage,AK 99517
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,064 sqft
Price per Sqft $206
MLS Listing ID 25-12497
Bedrooms 8
Full Baths 13
Construction Status Existing Structure
Year Built 1962
Lot Size 0.727 Acres
Acres 0.73
Source Alaska Multiple Listing Service
Property Description
Rare opportunity to acquire a 13-unit multi-family property in Anchorage's highly desirable Turnagain neighborhood—a location known for its convenience, lifestyle appeal, and access to outdoor recreation. This income-producing asset features stable cash flow, strong occupancy history, and significant value-add potential in one of the city's most sought-after rental markets. The property comprises nine studio units and four two-bedroom units, thoughtfully designed to meet high tenant demand. Currently 92% occupied, with several long-term tenants in place, the property generates approximately a 7% cap rate, with additional upside through unit updates and rental increases. Utilities are landlord-paid.
Amenities include two laundry rooms, ample parking, a spacious yard, and proximity to the Turnagain greenbelt and Fish Creek trail system. This asset offers both immediate cash flow and long-term appreciation potential. With targeted upgrades, investors can realize rental growth and increased NOI. Ideal for seasoned multi-family investors or those entering the Anchorage market. Be sure to check out the list of property upgrades!
Location
State AK
Area 10 - Spenard
Zoning R2M - Multi Family Residential
Direction Headed West on Northern Lights, turn Left on Turnagain Street. Turn Left on W 33rd Ave. The property is at the end of the street on the Left.
Exterior
Parking Features None
Roof Type Asphalt
Building
Foundation Poured Concrete
Lot Size Range 0.73
Sewer Public Sewer
New Construction No
Construction Status Existing Structure
Schools
Elementary Schools Northwood
Middle Schools Romig
High Schools West Anchorage
Others
Tax ID 010084600001