Movoto Real Estate
Sold on 10/16/2024

2864 E 42nd Ave, Anchorage, AK 99508

  • $381,914

    Last sold 10/16/2024 for $475K

  • 4

    bed

  • 4

    bath

  • 1,420

    Sqft ($335/Sqft)

Multi-family not for sale
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About 2864 E 42nd Ave

Property type Multi-family
Neighborhood
Year built 1963
HOA fee $0/month
Lot size 10,827 Sqft
Movoto estimate
Property description
MUNI Calls it a Duplex with 2 Cabins. All 4 Units Rent! Fabulous cash flow for the investor! Super cute well done and updated 3 Small and 1 Tiny House. Each unit has one bedroom and one bathroom. Many built-ins including the beds with dressers. So very well done! Long term renters. Each unit also has its own lockable storage building. Owner occupy and live virtually free, rent as BnB's, or continue with long term rentals. Each unit has it owns heating and hot water system. There are a total of 8 raised garden beds, 7 producing apples trees, and a sweet little court yard. Units are separate buildings so no common area to be concerned about and each tenant has there own 4 walls! Next summer Muni is putting in brand new water lines and septic lines! One unit has historical interest as it once was a 10 man barracks on the base, back in the day, although hard to see that now - its beautiful! Nice walkway to each unit off the ground. Various improvements have been made throughout the years! Muni says building was built 1963, however the Tiny House was built in 1979, there was an old mobile home from 1963 that has been removed long ago! Rent all 4 to create a wonderful cash flow opportunity or live in one unit and rent the others. Great area close to medical! Units are always rented. Currently owner occupies one unit. Rents are consistent for the 3 rented units bringing in $3,400 per month. Seller pays utilities. Rents have not been increased in quite a while.
Listed by
Listing Agent - Sheila Monson
Listing Office - Keller Williams Realty Alaska Group of Wasilla
Source: Alaska MLS mls logo
MLS#24-12236 • last updated 1 year ago
Movoto checked Alaska MLS for data 4 minutes ago
Overview
Status Closed
SqFt 1420
MLS # 24-12236
Type Multi-Family
Lot Size (Acres) 0.25
Lot Size (SqFt) 10827
Year Built 1963
Interior
Total # of Bathrooms 4
# Three-Quarter Baths 2
# Full Baths 2
# Bedrooms 4
Exterior
Construction Wood Frame
Roof Shingle
Foundation Other
# Open Parking Spaces 6
Parking Desc None
Lot Desc Level
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Location
Area 1A - Anchorage Municipality
Elementary School Lake Otis
High School Bettye Davis East Anchorage
Middle School Wendler
Zoning R3 - Multiple Family Residential
APN 80324100001
Directions From Lake Otis, Turn North Onto 42nd Ave, Property Is Just Before Wright Street On The Right.
Multifamily Details
Total # Of Buildings 4
Total # Of Units 2
Lot/ Land Details
Frontage None
Road Surface Paved, Maintained
$381K
Range: $343K-$420K
Last 30 days 
  • Sep 2024
    mls logo MLS # 24-12236
  • Sep 24, 2024 Price Change
    $475,000 (+11.0%)
  • Sep 19, 2024 Listed
    $428,000
  • 2864 E 42nd Ave
    $475K
  • University Area
    $409K -8% y/y
  • 99508
    $355K +11% y/y
  • Anchorage
    $440K -2% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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Listing information was last updated on: 8/18/2026.
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