7101 Omalley Rd, Anchorage, AK 99507

Opportunities like this don't hit the market often. This 2,950 sq ft mid-century home in coveted South Anchorage has been in the same family since it was built in 1966—and it's ready for its next chapter. Never updated, this property is a true blank slate for a full renovation or creative reimagining. Set on a generously sized lot (rare for the area!) and located in a high-demand neighborhood with amazing southern exposure, this home is surrounded by well-maintained properties and offers serious upside potential for resale, rental, or redevelopment. Key features include: massive square footage and flexible floor plan, unique atrium space perfect for a dramatic design element, two separate living spaces: ideal for a duplex-style conversion, MIL suite, or high-end gourmet layout, and strong comps in the area after renovation. Whether you're a seasoned investor looking for your next project or a buyer with a vision, this is your chance to create serious value in one of Anchorage's most desirable locations. Bring your ideas, your contractor, and your imagination this South Anchorage classic is ready for transformation. New septic is designed, but buyer will need to finish. Property is an estate sale and sold As-is.