4825 Topaz Avenue, Anchorage, AK 99502

$875,000
Property Type: Multi-Family Bedrooms: 5 Baths: 6 Square Footage: 4,657 Lot Size (sq. ft.): 10,149 Status: Coming Soon
Current Price: $875,000 Last Modified: 7/09/2026

Description

Rare townhouse-style investment opportunity offering exceptional versatility, quality construction, and long-term value. Built by a commercial contractor and meticulously maintained over the years, this one-of-a-kind property can function as a triplex or as a duplex with unit 2 currently connected to unit 1, making it ideal for investors or owner-occupants seeking rental income or space. See more

Supplements: Each unit features its own private entrance, soaring vaulted ceilings, abundant natural light, and thoughtful design. The main level throughout is heated with in-floor radiant heat, while the upper levels are equipped w/baseboard heating. Heated driveways provide added convenience during the winter. Unit 1 welcomes you with dramatic vaulted ceilings and an open-concept living, dining, and kitchen area. The spacious layout includes two bedrooms, two full bathrooms, a large walk-in pantry/laundry room, and an oversized two-car garage with room for 2 full-size pickup trucks. Upstairs, you'll find a versatile bonus room with closets and skylights that open, perfect for an office, guest space, or playroom. Across the hall, there is direct access to Unit 2, allowing the spaces to remain connected or be separated with a wall for complete independence. Unit 2 is an expansive studio apartment featuring impressive ceiling height, abundant natural sunlight, and a loft that provides additional living space. The unit is already plumbed for a kitchenette, making it easy for a new owner to add. This flex space offers tons of potential for a furnished short-term or long-term rental. Currently connected to unit 1 but can be easily separated. Unit 3 offers a spacious layout with two bedrooms, each featuring its own private ensuite bathroom, plus an additional half bath for guests. The unit includes a full kitchen, dining area, and a two-story living room, along with an attached one-car garage. Units 1 and 3 both enjoy access to the backyard, concrete patios for outdoor enjoyment. Each unit also includes its own washer and dryer. Unit 2 does not have a washer/dryer but you can easily add one next to the spiral staircase. Properties of this quality, flexibility, and construction are exceptionally rare.

More Information MLS# 26-8409

Contract Info

Price-List: 875000 Concessions YN: No Date-Listing: 2026-07-08 Status: Coming Soon Foreclosure/Bank Own: No

Location Tax and Legal

Area: 15 - W Tudor Rd - Dimond Blvd Street #: 4825 Street Name: Topaz Arterial: Avenue Closest USPS Town: Anchorage State: AK Zip Code: 99502

Property Info

Realtor.com Type: Multi-Family Construction Status: Existing Structure Beds: 5 Bathrooms Half: 1 Bathrooms Three Quarter: 1 Bathrooms Full: 4 Bathrooms Total: 6 Bldgs-Ttl #: 1 Year Built: 1997 SF-Res: 4657 Number of Units: 3 SF-Lot: 10149 Acres: 0.23 Garage Spaces: 3 Prkg Spcs: 3 Lot Area Source: Tax Authority Zoning: R2M - Multi Family Residential

Directions and Remarks

Directions: Head W. on Dimond Blvd. Right on Jade St. Right on Topaz Ave, the property will be on the left on the corner of Topaz and Jade.

Building Info

Builder Name & Co: Owner Builder Units- # of Effcncy: 1 Units- # of 2 BR: 2

Mortgage Info

EM Minimum Deposit: 8750

Unit #1

Bath - Full: 2 Bedroom: 2 Dining Room: 1 Kitchen: 1 Living Room: 1 Primary Bedroom: 1 Extra Room: 1 Garage: 2

Unit #2

Bath-Three Qtr: 1 Bedroom: 1 Dining Room: 1 Living Room: 1

Unit #3

Bath - Full: 2 Bath-Half: 1 Bedroom: 2 Dining Room: 1 Kitchen: 1 Living Room: 1 Garage: 1

Property Features

Multi-Family Type: Side by Side; Triplex Exterior Finish: Masonry; Vinyl Roof Type: Asphalt; Composition; Shingle Foundation Type: Block; Poured Concrete Construction Type: Other Garage Type: Attached; Heated; Tuck Under Carport Type: None Heating: Baseboard; Radiant Floor Sewer-Type: Public Sewer Water Source: Public Access Type: Dedicated Road; Paved; Maintained Topography: Level; Sloping Wtrfrnt-Frontage: None Wtrfrnt-Access Near: None Features-MultiFamily: CO Detector(s); DSL-Cable Available; In City Limits; Owner Occupied; Smoke Detector(s); Vaulted Ceiling(s); Washer/Dryer HkUp; Heated Driveway Flooring: Carpet; Linoleum; Luxury Vinyl; Tile; Other To Show: ShowingTime Docs Avl for Review: As-Built Listing Terms Financing: Cash; Conventional; FHA; VA Loan
Listing Office: Herrington and Company, LLC
Last Updated: July - 09 - 2026
4825 Topaz Avenue, Anchorage, AK 99502- MLS# 26-8409
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.