540 Eyak Drive, Anchorage, AK 99501

$989,000
Property Type: Multi-Family Bedrooms: 8 Baths: 4 Square Footage: 5,385 Lot Size (sq. ft.): 7,000 Status: Active
Current Price: $989,000 Last Modified: 6/04/2026

Description

High-performing downtown Anchorage fourplex delivering strong cash flow with a proven hybrid income model. Two units provide stable long-term rental income, while two fully furnished units operate as high-revenue short-term rentals with demonstrated nightly income potential. Built in 2003, this 5,385 SF property features four 2BR/1BA units, each with garage space and heated interior storage.

Supplements: A rare amenity package that supports premium rents. 12 total on-site parking spaces, public utilities, natural gas heat, and fire sprinkler system. Prime downtown location near sporting venue, restaurants, Coastal Trail access, medical facilities, and major employers, driving consistent short- and long-term demand. Furnishings available under separate bill of sale. Excellent opportunity for investors seeking immediate income with upside and operational flexibility.

More Information MLS# 26-1876

Contract Info

Price-List: 989000 Date-Listing: 2026-02-27 Status: Active Foreclosure/Bank Own: No

Location Tax and Legal

Area: 5 - Downtown Anchorage Street #: 540 Street Name: Eyak Arterial: Drive Closest USPS Town: Anchorage State: AK Zip Code: 99501

Property Info

Realtor.com Type: Multi-Family Construction Status: Existing Structure Beds: 8 Bathrooms Full: 4 Bathrooms Total: 4 Bldgs-Ttl #: 1 Year Built: 2003 SF-Res: 5385 Number of Units: 4 SF-Lot: 7000 Acres: 0.16 Garage Spaces: 4 Prkg Spcs: 10 Lot Area Source: Other Zoning: R4 - Multiple Family Residential

Directions and Remarks

Directions: North on A Street, Turn Right on 16th Ave, Left on Eagle St, Right on Eyak Drive to address.

Building Info

Units- # of 2 BR: 4

Unit #1

Bath - Full: 1 Bedroom: 2 Living Room: 1 Garage: 1 Parking Spaces: 3

Unit #2

Bath - Full: 1 Bedroom: 2 Kitchen: 1 Living Room: 1 Garage: 1 Parking Spaces: 3

Unit #3

Bath - Full: 1 Bedroom: 2 Kitchen: 1 Living Room: 1 Garage: 1 Parking Spaces: 3

Unit #4

Bath - Full: 1 Bedroom: 2 Kitchen: 1 Living Room: 1 Garage: 1 Parking Spaces: 3

Property Features

Multi-Family Type: Quadruplex Exterior Finish: Vinyl Roof Type: Unknown - BTV Foundation Type: Unknown - BTV Construction Type: Wood Frame Garage Type: Attached; Heated; Tuck Under Carport Type: None Heating: Baseboard; Natural Gas Sewer-Type: Public Sewer Water Source: Public Access Type: Government; Paved View Type: City Lights; Mountains Topography: Sloping Wtrfrnt-Frontage: None Wtrfrnt-Access Near: None Features-MultiFamily: CO Detector(s); DSL-Cable Available; Fire Sprinkler System; In City Limits; Laundry Facility; Smoke Detector(s); Tenant Storage; Vaulted Ceiling(s); Washer/Dryer; Paved Driveway Flooring: Luxury Vinyl Docs Avl for Review: Lease; Prop Discl Available; Other - See Remarks Listing Terms Financing: Cash; Conventional; FHA; VA Loan
Listing Office: CORE Real Estate Group, LLC.
Last Updated: June - 04 - 2026
540 Eyak Drive, Anchorage, AK 99501- MLS# 26-1876
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.