309 N Klevin Street, Anchorage, AK 99508

$509,900
Property Type: Multi-Family Bedrooms: 9 Baths: 4 Square Footage: 4,088 Lot Size (sq. ft.): 6,250 Status: Pending
Current Price: $509,900 Last Modified: 6/03/2026

Description

Stable Mountain View 4-plex with strong pro forma upside on a quiet street near JBER, schools, and shopping. Fully occupied by long-term tenants (2 to 5+ years), all current and on time, all on month-to-month leases -- giving a new owner flexibility to raise rents to market or occupy a unit.

Supplements: Current gross rent of $51,600/yr reflects below-market rates; comparable Mountain View 4-plexes with similar unit mix are achieving closer to $65,000/yr, representing roughly $12,000/yr in lease-up potential. Individual electric meters (tenant-paid); owner currently covers gas, water/sewer, and refuse. Investor-ready with a clear path to a 7%+ pro forma cap rate. Also a strong fit for an owner-occupant seeking a multi-unit property where rental income from the other units helps offset the mortgage. Showings by appointment with minimum 24-hour notice -- tenants in place. Only Units A and C were available for photos. All units are similar, with Unit B having an oversized living room closet and Unit D having 3 bedrooms.

More Information MLS# 26-5808

Contract Info

Price-List: 509900 Date-Listing: 2026-05-21 Status: Pending Foreclosure/Bank Own: No

Sold Info

Date-Pending: 2026-06-02

Location Tax and Legal

Area: 50 - Post Rd - Glenn Hwy Street #: 309 Directional: N Street Name: Klevin Arterial: Street Closest USPS Town: Anchorage State: AK Zip Code: 99508

Property Info

Realtor.com Type: Multi-Family Construction Status: Existing Structure Beds: 9 Bathrooms Full: 4 Bathrooms Total: 4 Bldgs-Ttl #: 1 Year Built: 1985 SF-Res: 4088 Number of Units: 4 SF-Lot: 6250 Acres: 0.14 Prkg Spcs: 4 Lot Area Source: Tax Authority Zoning: R3 - Multiple Family Residential

Directions and Remarks

Directions: From Mountain View Drive, head north on Klevin, property is just past Peterkin on the right. Or use Google Maps.

Property Features

Multi-Family Type: Quadruplex Exterior Finish: Wood Roof Type: Asphalt; Composition; Shingle Foundation Type: Block; Poured Concrete Construction Type: Wood Frame Garage Type: None Carport Type: None Heating: Baseboard Sewer-Type: Public Sewer Water Source: Public Access Type: Government; Paved; Maintained Topography: Level Wtrfrnt-Frontage: None Wtrfrnt-Access Near: None Features-MultiFamily: DSL-Cable Available; In City Limits; Laundry Facility; Smoke Detector(s); Washer/Dryer Flooring: Carpet; Linoleum; Luxury Vinyl; Tile To Show: ShowingTime Docs Avl for Review: Lease; Prop Discl Available Listing Terms Financing: 1031 Exchange; Cash; Conventional
Listing Office: Jack White Real Estate
Last Updated: June - 03 - 2026
309 N Klevin Street, Anchorage, AK 99508- MLS# 26-5808
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.