With a portal you are able to:
- Save your searches
- Get updates on listings
- Track listings
- Add notes and messages
- Personalize your dashboard
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
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.




