540 Eyak Drive, Anchorage, AK 99501 (MLS# 26-1876)
$989,000
Anchorage, AK 99501
MLS# 26-1876
Status: Coming Soon
8 beds | 4 baths | 5385 sqft
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Property Description
High-performing downtown Anchorage fourplex delivering strong cash flow with a proven hybrid income model. Two units provide stable long-term rental income, while two fully furnished units operate as high-revenue short-term rentals with demonstrated nightly income potential. Built in 2003, this 5,385 SF property features four 2BR/1BA units, each with garage space and heated interior storage.
Details
Maps
Contract Info
Price-List: 989000
Date-Listing: 2026-02-27
Status: Coming Soon
Foreclosure/Bank Own: No
Location Tax and Legal
Area: 5 - Downtown Anchorage
Street #: 540
Street Name: Eyak
Arterial: Drive
Closest USPS Town: Anchorage
State: AK
Zip Code: 99501
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Beds: 8
Bathrooms Full: 4
Bathrooms Total: 4
Bldgs-Ttl #: 1
Year Built: 2003
SF-Res: 5385
Number of Units: 4
SF-Lot: 7000
Acres: 0.16
Garage Spaces: 4
Prkg Spcs: 10
Lot Area Source: Other
Zoning: R4 - Multiple Family Residential
Directions and Remarks
Directions: North on A Street, Turn Right on 16th Ave, Left on Eagle St, Right on Eyak Drive to address.
Building Info
Units- # of 2 BR: 4
Unit #1
Bath - Full: 1
Bedroom: 2
Living Room: 1
Garage: 1
Parking Spaces: 3
Unit #2
Bath - Full: 1
Bedroom: 2
Kitchen: 1
Living Room: 1
Garage: 1
Parking Spaces: 3
Unit #3
Bath - Full: 1
Bedroom: 2
Kitchen: 1
Living Room: 1
Garage: 1
Parking Spaces: 3
Unit #4
Bath - Full: 1
Bedroom: 2
Kitchen: 1
Living Room: 1
Garage: 1
Parking Spaces: 3
Property Features
Multi-Family Type: Four-Plex
Exterior Finish: Vinyl
Roof Type: Unknown - BTV
Foundation Type: Unknown - BTV
Construction Type: Wood Frame
Garage Type: Attached; Heated; Tuck Under
Carport Type: None
Heating: Baseboard; Natural Gas
Sewer-Type: Public Sewer
Water Source: Public
Access Type: Government; Paved
View Type: City Lights; Mountains
Topography: Sloping
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: None
Features-MultiFamily: CO Detector(s); DSL-Cable Available; Fire Sprinkler System; In City Limits; Laundry Facility; Smoke Detector(s); Tenant Storage; Vaulted Ceiling(s); Washer/Dryer; Paved Driveway
Flooring: Luxury Vinyl
To Show: ShowingTime
Docs Avl for Review: Lease; Prop Discl Available; Other - See Remarks
Listing Terms Financing: Cash; Conventional; FHA; VA Loan
Supplements
A rare amenity package that supports premium rents. 12 total on-site parking spaces, public utilities, natural gas heat, and fire sprinkler system. Prime downtown location near sporting venue, restaurants, Coastal Trail access, medical facilities, and major employers, driving consistent short- and long-term demand. Furnishings available under separate bill of sale. Excellent opportunity for investors seeking immediate income with upside and operational flexibility.
Listing Office: CORE Real Estate Group, LLC.
Last Updated: March - 02 - 2026
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.