309 N Klevin Street
Anchorage, AK 99508
9
Bed
4
Bath
4,088Sqft
6,250Sqft(Lot)
Stable Mountain View 4-plex with strong pro forma upside on a quiet street near JBER, schools, and shopping. Fully occupied by long-term tenants (2 to 5+ years), all current and on time, all on month-to-month leases -- giving a new owner flexibility to raise rents to market or occupy a unit. Current gross rent of $51,600/yr reflects below-market rates; comparable Mountain View 4-plexes with similar unit mix are achieving closer to $65,000/yr, representing roughly $12,000/yr in lease-up potential. Individual electric meters (tenant-paid); owner currently covers gas, water/sewer, and refuse. Investor-ready with a clear path to a 7%+ pro forma cap rate. Also a strong fit for an owner-occupant seeking a multi-unit property where rental income from the other units helps offset the mortgage.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 9Bathroom Information
Total Baths: 4 Full Baths: 4 -
Flooring Information
Tile, Linoleum, Carpet, Vinyl -
Roofing Information
Asphalt, Composition, Shingle -
Interior Features
Roof: Asphalt, Composition, Shingle Appliances: Washer/Dryer -
Heating & Cooling
Has Heating: Yes Heating: Baseboard
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Building Information
Year Built: 1985 Building Area Total: 4088 Construction Materials: Wood Siding, Frame Private Pool: No
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Lot Information
Main Square Feet: 6250 Square Feet Lot Size Acres: 0.14 Lot Size Square Feet: 6250 Lot Description: Level
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Listing Price Information
Listing Price: $509900 Cash, Conventional, 1031 Exchange
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Tax Information
Parcel Number: 0050263900001 Tax Year: 2025 Annual Tax: $6780 Tax Legal Desc: Fairview L14 B6
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Parking Information
None
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School Information
Elementary School: Mountain ViewJunior High School: ClarkSenior High School: Bettye Davis East Anchorage -
Location Information
Direction: From Mountain View Drive, head north on Klevin, property is just past Peterkin on the right. Or use Google Maps. WaterSource: Public Security Features: Smoke Detector(s)
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 000 Anchorage, Anchorage, AK, 99508 | $1,363,762 | -- | -- | -- | |
| 716 N Bliss Street, Anchorage, AK, 99508 | $99,000 | 2 | 1 | -- | |
| 835 N Park Street, Anchorage, AK, 99508 | $395,000 | 6 | 2 | 2,080 | 2,080 SqFt |
| 741 N Klevin Street, Anchorage, AK, 99508 | $100,000 | 4 | 3 | -- | |
| 508 N Bunn Street, Anchorage, AK, 99508 | $225,000 | 2 | 1 | -- | |
| 602 N Park Street, Anchorage, AK, 99508 | $550,000 | 6 | 4 | -- | |
| 5126 Caribou Avenue, Anchorage, AK, 99508 | $420,000 | 4 | 2 | -- | |
| 525 N Bragaw Street, Anchorage, AK, 99508 | $300,000 | 16 | 8 | 7,104 | 7,104 SqFt |
| 203 N Hoyt Street, Anchorage, AK, 99508 | $449,000 | 5 | 3 | 2,002 | 2,002 SqFt |
| 301 N Bragaw Street, Anchorage, AK, 99508 | $337,000 | 3 | 2 | -- |
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ByOwner last updated this listing 06/20/2026 @ 23:26
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