3 months on rocket

Sale Pending

2864 E 42nd Ave, Anchorage, AK, 99508

$475,000

Home List Price

$5,641*

Closing Credit

4 Bedrooms
2 Full Baths
1,420 SqFt
$335/SqFt
Multi

Location

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2864 E 42nd Ave, Anchorage$475,000

Buyer Closing Credits

$5,641*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1963
HeatingElectric, Natural Gas, Other
MLS #24-12236
Lot Size0.25 Acres
StatusSale Pending
(Pending)

About 2864 E 42nd Ave

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.

Property Details

Property Features

Property Information:

  • Year Built: 1963
  • Living Area: 1,420 SqFt

Listing Office:

  • Office Name: Keller Williams Realty Alaska Group of Wasilla
  • Office Phone: (907) 864-6500

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Attached Garage: No

Lot Features

Lot Information:

  • Lot Size: 0.25 Acres

Utilities

Utilities Information:

  • Heating: Electric, Natural Gas, Other

Other

Directions Information:

  • Directions: From Lake Otis, Turn North onto 42nd Ave, property is just before Wright Street on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $475,000
  • Price Per SqFt: $335/SqFt

Tax Information:

  • Annual Amount: $329
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Anchorage, AK.

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Anchorage, AK

City

Med. List Price

$396.9K

Med. Price/SqFt

$209

Avg. Days On Market

75

# of Sold Homes

211

2864 E 42nd Ave vs Anchorage

91 DAYS ON ROCKET

+16 Days

$475,000

+$78K More

$335/SqFt

+$126 More

KEY TAKEAWAY

This property is $78K more than the Median List Price and $126/SqFt more than other homes in Anchorage, AK.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Alaska Multiple Listing Service
  • MLS Number: #24-12236

Listing Office:

  • Office Name: Keller Williams Realty Alaska Group of Wasilla
  • Office Phone: (907) 864-6500

IDXThe 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 this broker are marked with either the listing brokerage’s logo or 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. All square footages are approximations. School boundaries are subject to change. Information is not guaranteed and should be independently verified for accuracy.

Copyright 2024 Alaska Multiple Listing Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 9:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$329$210,300
2020$221$210,400
2019$221$208,300
2018$222$204,400
2017$401$160,200

History based on county public records data.

Payment Calculator

$2,438

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,491

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-677289
3
/10

  • Lake Otis Elementary School

  • 3331 Lake Otis Pkwy

  • 0.67 miles

  • Public District Grades PK-6

school-card-donut-677290
5
/10

  • Tudor Elementary School

  • 1666 Cache Dr

  • 0.95 miles

  • Public District Grades PK-6

school-card-donut-677291
7
/10

  • Rogers Park Elementary School

  • 1400 E Northern Lights Blvd

  • 1.21 miles

  • Public Magnet Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $57,015. Residents of Anchorage, AK typically earn between $35k-100k each year. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Alaska›Anchorage County›Anchorage›99508›2864 E 42nd Ave

This home is located at 2864 E 42nd Ave in Anchorage, AK and zip code 99508 in the University Area neighborhood. This 1,420 square foot home, which was built in 1963, sits on a 0.25 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 21, 2024 and is currently priced at $475,000.

The number of homes for sale in Anchorage, AK decreased by 23.3% between October 2024 and November 2024. While the average time on the market in November 2024 was 75 days, the median list price was $396,969.

From Rocket Homes Real Estate and based on county public records data.

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