Property Type:
Multi-Family
Bedrooms:
11
Baths:
9
Square Footage:
6,551
Lot Size (sq. ft.):
6,250
Status:
Pending
Current Price:
$645,000
Last Modified:
12/14/2025
Description
12% cap rate on this - 8 plex consisting of 2 - 1 bed/1 bath and 6 efficiency units plus a 3 bedroom 1 bath house all on one lot. Both the 8 plex and the house exteriors have been recently repainted, ('24), with new cold and hot water supply piping in entire 8 plex, hydronic system new, new tubs and surrounds in all 8 units as well. Many upgrades easily totalling over $90,000 has been performed.
Supplements: in the last year. Rents range from 950 to 1075/month. House is $2000/month. Building is compliant with guidelines and qualifications for with AK Housing Finance Corporation or similar programs. 3 tenants currently housed under the Alaska Housing voucher. Additional rental income possible with solving basement egress issue if desired. 4 units have gas stoves with 4 units plumbed for gas stoves but not currently installed. New Burnham Series 2 205E hydronic system (9 zones, full piping replacement, all baseboards elements and enclosures) and a brand new AO Smith hot water heater.
Last Updated: December - 14 - 2025
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.
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