MatSu Living

1227 E 11th Avenue, Anchorage, AK 99501

$599,000
Property Type: Multi-Family Bedrooms: 7 Baths: 7 Square Footage: 3,640 Lot Size (sq. ft.): 7,000 Status: Active
Current Price: $599,000 Last Modified: 7/12/2026

Description

Income-Producing 7plex! Quiet, low traffic area of Fairview. Ranch style, private entry units. Many improvements in the area! Price includes credit to go towards roof resurface/replacement. 2015 Boiler, serviced recently. W/D onsite, off-street parking. Fully occupied, and professionally managed. Tenants pay electric. Building shares dumpster with neighbor, low waste bill.

Supplements: All units are 1bed/1bath. Some have had new laminate flooring & paint. Some kitchen & bathroom updates over the years; some units older and in need of repair. Building in general needs TLC, hence the price. Relatively easy to lease, tandem parking spaces in front of the units, paved driveway. Ample off-street parking in that area. Market rents are $1350. Electric is separate. Currently 100% occupied, 1 unit vacating in June. 24 hour notice to show, LA to be present. Exterior photo is from last year, needs some fascia repair and painting; paint pealing. Fred with Sourdough Roofing replaced a significant portion of the roof in 2018-2020. Recent inspection shows roof is nearing end of life per inspection and also needs a slope added to prevent standing water; Alaska Roof Restoration inspected in May '26, and offered a $45K quote for a full silicone restoration. Full replacement bids came in at $65K on average. Seller offering $45K credit at closing. See inspection & Invoice on foundation repair.

More Information MLS# 26-6779

Contract Info

Price-List: 599000 Concessions YN: Yes Date-Listing: 2026-06-08 Status: Active Foreclosure/Bank Own: No

Location Tax and Legal

Area: 5 - Downtown Anchorage Street #: 1227 Directional: E Street Name: 11th Arterial: Avenue Closest USPS Town: Anchorage State: AK Zip Code: 99501

Property Info

Realtor.com Type: Multi-Family Construction Status: Existing Structure Beds: 7 Bathrooms Full: 7 Bathrooms Total: 7 Bldgs-Ttl #: 1 Year Built: 1958 Year Updated: 2018 SF-Res: 3640 Number of Units: 7 SF-Lot: 7000 Acres: 0.16 Prkg Spcs: 7 Lot Area Source: Tax Authority Zoning: R3 - Multiple Family Residential

Directions and Remarks

Directions: From 15th Ave, north on Medfra, TL on 11th. Property on right.

Building Info

Units-# of 1 BR: 7

Property Features

Multi-Family Type: Ranch Exterior Finish: Stucco Roof Type: Bitumen/Torch Down Foundation Type: Block Construction Type: Block; Wood Frame - 2x4 Garage Type: None Carport Type: None Heating: Baseboard; Natural Gas Sewer-Type: Public Sewer Water Source: Public Access Type: Paved Wtrfrnt-Frontage: None Wtrfrnt-Access Near: None Features-MultiFamily: In City Limits; Laundry Facility; Smoke Detector(s) Flooring: Laminate To Show: ShowingTime Docs Avl for Review: Lease Listing Terms Financing: AHFC; Cash; Conventional

Documents

Listing Office: Buyers Real Estate, LLC
Last Updated: July - 12 - 2026
1227 E 11th Avenue, Anchorage, AK 99501- MLS# 26-6779
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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