16802 Park Place Street, Eagle River, AK 99577

$464,900
Property Type: Multi-Family Bedrooms: 8 Baths: 4 Square Footage: 2,464 Lot Size (sq. ft.): 13,500 Status: Pending
Current Price: $464,900 Last Modified: 6/01/2026

Description

Priced below assessed value! Long term, reliable tenants on monthly agrments. Well maintained 4-plex in central Eagle River close to shopping, dining & amenities. Metal roof, vinyl siding, carport roofing updated, newer windows, newer water heater, newer water tank, newer well pump, gutters & downspouts, smoke & CO detectors. These units are currently rented below market value at $950. No laundry.

Supplements: On site property manager occupies Apt 4. Apt 4 updated in 2024 w/new stove, kitchen cabinets, bathroom & more! 24 hour notice to show firmly enforced. Only Apt 4 will be shown prior to written notice of intent or offer with Earnest Money. No laundry. Units 1, 2, 3 were not updated in 2024; units are dated but functional. The units across the driveway, under different owner, bring in $1650/mo rents. Buyer must acknowledge shared well agreement; neighboring property owner has been notified that we recommend writing an amended agreement at time of sale. Copy attached for review. Currently these two properties are operating on a mutual agreement by some shared expenses such as trash, water and plowing. No for sale sign posted. Please do not disturb tenants. Zoned Residential Office (RO) - imagine the possibilities!

More Information MLS# 26-6237

Contract Info

Price-List: 464900 Concessions YN: No Date-Listing: 2026-05-29 Status: Pending Foreclosure/Bank Own: No

Sold Info

Date-Pending: 2026-05-31

Location Tax and Legal

Area: 90 - Eagle River Street #: 16802 Street Name: Park Place Arterial: Street Closest USPS Town: Eagle River State: AK Zip Code: 99577

Property Info

Realtor.com Type: Multi-Family Construction Status: Existing Structure Beds: 8 Bathrooms Full: 4 Bathrooms Total: 4 Bldgs-Ttl #: 2 Year Built: 1966 Year Updated: 2024 SF-Res: 2464 Number of Units: 4 SF-Lot: 13500 Acres: 0.31 Carport Spaces: 4 Garage Spaces: 1 Prkg Spcs: 4 Lot Area Source: Tax Authority Zoning: CE-RO Residential Office

Directions and Remarks

Directions: Center of Eagle River on Old Glenn to Park Place. No sign. Do not disturb tenants - park at rear by dumpster once a showing appointment is confirmed.

Building Info

Units- # of 2 BR: 4

Mortgage Info

EM Minimum Deposit: 5000

Unit #1

Bath - Full: 1 Bedroom: 2 Kitchen: 1 Living Room: 1 Carport: 1

Unit #2

Bath - Full: 1 Bedroom: 2 Kitchen: 1 Living Room: 1 Carport: 1

Unit #3

Bath - Full: 1 Bedroom: 2 Kitchen: 1 Living Room: 1 Carport: 1

Unit #4

Bath - Full: 1 Bedroom: 2 Kitchen: 1 Living Room: 1 Carport: 1

Property Features

Multi-Family Type: Ranch Exterior Finish: Vinyl Roof Type: Metal Foundation Type: Unknown - BTV Construction Type: Wood Frame Garage Type: Detached Carport Type: Detached Heating: Baseboard; Natural Gas Sewer-Type: Public Sewer Water Source: Shared Well Access Type: Paved View Type: Mountains; Territorial Topography: Level Wtrfrnt-Frontage: None Wtrfrnt-Access Near: None Features-MultiFamily: CO Detector(s); In City Limits; Smoke Detector(s); Tenant Storage Flooring: Carpet; Linoleum To Show: ShowingTime Docs Avl for Review: As-Built; Docs Posted on MLS Listing Terms Financing: 1031 Exchange; Cash; Conventional
Listing Office: Realty ONE Group Aurora
Last Updated: June - 01 - 2026
16802 Park Place Street, Eagle River, AK 99577- MLS# 26-6237
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.