5559 Penn Circle, Anchorage, AK 99504

$539,000
Property Type: Multi-Family Bedrooms: 6 Baths: 2 Square Footage: 2,064 Lot Size (sq. ft.): 8,600 Status: Coming Soon
Current Price: $539,000 Last Modified: 7/03/2026

Description

Excellent investment opportunity in East Anchorage! This spacious duplex features two well-designed units, each offering 3 bedrooms, 1 bathroom, and over 1,032 square feet of comfortable living space--ideal for owner-occupants or investors seeking strong income potential. Each unit offers functional layouts with generous living areas designed for everyday convenience. With potential for short-term

Supplements: rental use, this property provides added flexibility for maximizing cash flow. No CC&Rs means greater freedom for property use and management. The property includes a 2-car garage plus additional RV parking, offering ample space for vehicles, recreational gear, or tenant storage. Conveniently located near schools, parks, shopping, and major commuter routes, this duplex is also just minutes from Joint Base Elmendorf-Richardson, making it especially appealing for military tenants, traveling professionals, or short-term guests. Whether you're expanding your investment portfolio or searching for a versatile multi-family property, this Anchorage duplex offers exceptional potential and flexibility.

More Information MLS# 26-8121

Contract Info

Price-List: 539000 Date-Listing: 2026-07-03 Status: Coming Soon Foreclosure/Bank Own: No

Location Tax and Legal

Area: 45 - Boniface Pkwy to Muldoon Rd Street #: 5559 Street Name: Penn Arterial: Circle Closest USPS Town: Anchorage State: AK Zip Code: 99504 Subdivision Name: Nunaka Valley

Property Info

Realtor.com Type: Multi-Family Construction Status: Existing Structure Beds: 6 Bathrooms Full: 2 Bathrooms Total: 2 Bldgs-Ttl #: 1 Year Built: 1970 Year Updated: 2026 SF-Res: 2064 Number of Units: 2 SF-Lot: 8600 Acres: 0.2 Garage Spaces: 2 Prkg Spcs: 6 Lot Area Source: Tax Authority Zoning: R2A - Two Family Residential

Directions and Remarks

Directions: Northern Lights to Boniface. Turn Right on E 24th, Immediate left on Pembroke Street. Turn Right on E 20th. Property on right corner of E 20th/Penn Circle.

Building Info

Units-# of 3 BR: 2

Unit #1

Bath - Full: 1 Bedroom: 3 Dining Room: 1 Kitchen: 1 Living Room: 1

Unit #2

Bath - Full: 1 Bedroom: 3 Dining Room: 1 Kitchen: 1 Living Room: 1 Garage: 1

Property Features

Multi-Family Type: Up and Down Roof Type: Asphalt Foundation Type: Poured Concrete Construction Type: Wood Frame Garage Type: Attached Heating: Baseboard Sewer-Type: Public Sewer Water Source: Public Access Type: Paved; Maintained View Type: Mountains Topography: Level Wtrfrnt-Frontage: None Wtrfrnt-Access Near: None Features-MultiFamily: In City Limits; Washer/Dryer; Washer/Dryer HkUp; Paved Driveway; RV Parking Flooring: Carpet; Luxury Vinyl; Vinyl To Show: ShowingTime Listing Terms Financing: 1031 Exchange; AHFC; Cash; Conventional; FHA; VA Loan
Listing Office: Alaska Real Estate Associates, LLC
Last Updated: July - 03 - 2026
5559 Penn Circle, Anchorage, AK 99504- MLS# 26-8121
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.