7230 Basel Street, Anchorage, AK 99507

$875,000
Property Type: Multi-Family Bedrooms: 10 Baths: 6 Square Footage: 3,828 Lot Size (sq. ft.): 10,400 Status: Closed
Current Price: $875,000 Last Modified: 3/13/2026

Description

Savvy buyers can take advantage of an assumable VA loan at 4.875% interest rate! Turnkey, fully-updated triplex at 7230 Basel St generating $7,750/mo. All three units feature modern interiors (newer flooring, paint, appliances, refreshed kitchens/baths), in-unit laundry, and a new roof (2023).

Supplements: Unit 1 - 3BR/2BA leased until Mar 2026 at $2,550/mo. Unit 2 - 4BR/2BA long-term tenants month-to-month at $2,550/mo. Unit 3 - 3BR/2BA + oversized 1-car garage, furnished, lease until December 2026 at $2,650/mo (furnishings can convey for seamless mid-term or potential STR). Owner-occupants can move into one of the units and let the other two units (~$5,200/mo) offset your payment. With an estimated $5,362/mo PITI at 5% down, your personal net out-of-pocket for cost of housing could be ~$200/mo. Investors could purchase turnkey at $875,000 with estimated $4,617/mo PITI at 20% down. Potential gross income after PITI ~$3,133/mo. That's ~20% pre-expense cash-on-cash Return Additional highlights: Three large floor plans (one 4BR and two 3BRs), private laundry in every unit, garage for Unit 3, and low near-term capex thanks to 2023 roof and interior upgrades. Strong income from day one with flexibility to adjust strategy at turnover. Please do not disturb occupants. Buyer to verify all information and figures. Proforma in MLS Docs - Seller is Owner/Agent

More Information MLS# 25-11650

Contract Info

Price-List: 875000 Date-Listing: 2025-09-08 Status: Closed Foreclosure/Bank Own: No

Sold Info

Date-Pending: 2026-01-09 Date-Closing: 2026-03-11

Location Tax and Legal

Area: 35 - E Tudor Rd - Abbott Rd Street #: 7230 Street Name: Basel Arterial: Street Closest USPS Town: Anchorage State: AK Zip Code: 99507

Property Info

Realtor.com Type: Multi-Family Construction Status: Existing Structure Beds: 10 Bathrooms Full: 6 Bathrooms Total: 6 Bldgs-Ttl #: 1 Year Built: 1984 SF-Res: 3828 Number of Units: 3 SF-Lot: 10400 Acres: 0.24 Garage Spaces: 1 Prkg Spcs: 8 Lot Area Source: Tax Authority Zoning: R2M - Multi Family Residential

Directions and Remarks

Directions: From Lake Otis go west on E 72nd Ave, turn left on Basel Street.

Building Info

Units-# of 3 BR: 2 Units- # of 4+ BR: 1

Mortgage Info

EM Minimum Deposit: 1

Unit #1

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

Unit #2

Bath - Full: 2 Bedroom: 4 Kitchen: 1 Living Room: 1 Parking Spaces: 4

Unit #3

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

Property Features

Multi-Family Type: Triplex Exterior Finish: Wood Roof Type: Shingle Foundation Type: Block Construction Type: Block Garage Type: Attached Heating: Baseboard; Natural Gas Sewer-Type: Public Sewer Water Source: Public Access Type: Paved; Maintained Wtrfrnt-Frontage: None Wtrfrnt-Access Near: None Features-MultiFamily: Tenant Storage; Vaulted Ceiling(s); Washer/Dryer; Washer/Dryer HkUp Flooring: Carpet; Luxury Vinyl; Tile Listing Terms Financing: Assumable; Cash; Conventional; FHA; VA Loan
Listing Office: Real Broker Alaska
Last Updated: March - 13 - 2026
7230 Basel Street, Anchorage, AK 99507- MLS# 25-11650
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.