1027 Nelchina Street
Anchorage, AK 99501
4
Bed
5
Bath
2,337Sqft
7,000Sqft(Lot)
Fully occupied 5-plex offering immediate rental income in a convenient Anchorage location! All five units are currently rented, generating $4,680/month and $56,160 in gross scheduled annual income. Several units have been updated in recent years, including remodeled Units 2 and 5 and additional improvements to Unit 4. Property offers off-street parking, individual unit entrances, and a long history as an income-producing property. Current rents are $880, $1,100, $850, $850 and $1,000 per month, providing an investor with established income from day one while offering potential future upside as units turn over and rents are adjusted over time. An excellent opportunity for an investor looking for an established multifamily property with 100% occupancy and value-add potential in the Anchorage
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 4Bathroom Information
Total Baths: 5 Full Baths: 5 -
Heating & Cooling
Has Heating: Yes Heating: Baseboard, Natural Gas
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Building Information
Year Built: 1953 Building Area Total: 2337 Construction Materials: Wood Siding, Frame Private Pool: No
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Lot Information
Main Square Feet: 7000 Square Feet Lot Size Acres: 0.16 Lot Size Square Feet: 7000 Lot Description: Level
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Listing Price Information
Listing Price: $429000 Cash
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Tax Information
Parcel Number: 0031115200001 Tax Year: 2026 Annual Tax: $2462.4 Tax Legal Desc: THIRD ADDITION BLK 2C LT9
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Parking Information
None
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School Information
Elementary School: FairviewJunior High School: CentralSenior High School: West Anchorage -
Location Information
Direction: From Ingra go East on E 9th Ave to Nelchina. Turn rt on Nelchina. Property will be on left. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 241 N Park Street, Anchorage, AK, 99501 | $565,000 | 8 | 3 | 3,150 | 3,125 Sqft |
| 1201 Northpointe Bluff .., Anchorage, AK, 99501 | $584,900 | 3 | 3 | -- | 6,273 Sqft |
| 820 Dogwood Street, Anchorage, AK, 99501 | $400,000 | 3 | 1 | -- | 8,125 Sqft |
| 1007 Northpointe Bluff .., Anchorage, AK, 99501 | $675,000 | 4 | 3 | -- | 8,470 Sqft |
| 1006 Northpointe Bluff .., Anchorage, AK, 99501 | $540,000 | 3 | 3 | -- | 7,884 Sqft |
| 914 Boyd Street, Anchorage, AK, 99501 | $559,000 | 4 | 2 | 1,968 | 6,996 Sqft |
| 109 E Harvard Avenue, Anchorage, AK, 99501 | $249,900 | 4 | 2 | -- | 7,000 Sqft |
| 835 Nelchina Street, Anchorage, AK, 99501 | $330,000 | 3 | 1 | -- | 20,995 Sqft |
| 624 Karluk Street, Anchorage, AK, 99501 | $475,000 | 4 | 3 | 2,687 | 7,497 Sqft |
| 1227 E 11th Avenue, Anchorage, AK, 99501 | $569,000 | 7 | 7 | 3,640 | 7,000 Sqft |
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Nearby For Sale
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ByOwner last updated this listing 09/08/2026 @ 07:28
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