4116 W 88th Avenue, Anchorage, AK 99502
$689,000
Property Type:
Multi-Family
Bedrooms:
9
Baths:
5
Square Footage:
3,462
Lot Size (sq. ft.):
14,300
Status:
Closed
Current Price:
$689,000
Last Modified:
9/20/2025
Description
Right down the street from Jewel Lake Park! Don't miss out on this very well maintained and upgraded ranch style 4plex that actually cashflows. Gross rents are $7,900. Property can easily be converted back into a 4plex with an ADU by splitting unit 3. Units 1 and 2 are rented by the room with many long term tenants. Unit 4 is a turnkey AirBnB rental and those furnishings stay with the property.
Supplements: Recent upgrades and improvements - Well house removed w/control box, pressure tank and filters moved to utility room. A new water main installed. - New gas line on exterior of building installed. - Unit #4 completely remodeled within last 24 months. - New washer/dryer for shared laundry for units 1 & 2 - New Fridge in unit 3
More Information MLS# 25-7666
Contract Info
Price-List: 689000
Date-Listing: 2025-06-20
Status: Closed
Foreclosure/Bank Own: No
Sold Info
Date-Pending: 2025-07-28
Date-Closing: 2025-09-18
Location Tax and Legal
Area: 15 - W Tudor Rd - Dimond Blvd
Street #: 4116
Directional: W
Street Name: 88th
Arterial: Avenue
Closest USPS Town: Anchorage
State: AK
Zip Code: 99502
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Beds: 9
Bathrooms Full: 5
Bathrooms Total: 5
Bldgs-Ttl #: 1
Year Built: 1963
Year Remodeled: 2024
SF-Res: 3462
Number of Units: 4
SF-Lot: 14300
Acres: 0.33
Prkg Spcs: 15
Lot Area Source: Tax Authority
Zoning: R2A - Two Family Residential
Directions and Remarks
Directions: Jewel Lake, West on 88th. Property is on the left
Building Info
Units- # of Effcncy: 1
Units- # of 2 BR: 1
Units-# of 3 BR: 2
Mortgage Info
EM Minimum Deposit: 7000
Unit #1
Bath - Full: 1
Bedroom: 3
Unit #2
Bedroom: 3
Unit #3
Bath - Full: 2
Bedroom: 2
Unit #4
Bath - Full: 1
Property Features
Multi-Family Type: Quadruplex; Ranch
Exterior Finish: Wood
Roof Type: Asphalt; Composition; Shingle
Foundation Type: Unknown - BTV
Construction Type: Wood Frame
Garage Type: None
Carport Type: None
Heating: Baseboard; Natural Gas
Sewer-Type: Public Sewer
Water Source: Well
Access Type: Dedicated Road; Paved; Maintained
View Type: Mountains
Topography: Level
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: None
Features-MultiFamily: In City Limits; Washer/Dryer
To Show: ShowingTime
Listing Terms Financing: Cash; Conventional; VA Loan
Documents
Property Disclosure Waiver ›Listing Office: Real Broker Alaska
Last Updated: September - 20 - 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.
