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Savannah Counts

savannahcounts.homes@gmail.com +1(907) 952-9965

$ 1,250,000

Est. payment -/mo

Save

Active

2607 W 33rd AVE Anchorage, AK 99517

8 Beds

13 Baths

6,064 SqFt

UPDATED:

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 0100846000001

Listed by PTP Management, Inc.

SCHOOLSPROPERTIES

Elementary Schools 17

10

Kincaid Elementary School

Public | PK - 6
10

Aquarian Charter School

Public | KG - 6
10

Chugach Optional Elementary School

Public | PK - 6
8

Sand Lake Elementary School

Public | PK - 6
8

Inlet View Elementary School

Public | PK - 6
7

Turnagain Elementary School

Public | PK - 6
7

Rilke Schule Charter School

Public | KG - 8
7

Frontier Charter School

Public | KG - 12
6

Gladys Wood Elementary School

Public | PK - 6
5

Northwood Abc Elementary School

Public | PK - 6
5

Campbell Elementary School

Public | PK - 6
4

Lake Hood Elementary School

Public | PK - 6
4

Willow Crest Elementary School

Public | PK - 6
3

North Star Elementary School

Public | PK - 6
0

Anchorage Montessori School

Private | PK - 6
0

Holy Rosary Academy

Private | KG - 12
0

Anchor Lutheran School

Private | PK - 8

Middle Schools 4

10

Steller Secondary School

Public | 7 - 12
7

Romig Middle School

Public | 7 - 8
5

Central Middle School of Science

Public | 7 - 8
0

Lumen Christi High School

Private | 7 - 12

High Schools 1

6

West High School

Public | 9 - 12

School and business data provided by Attom Data.