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4 Beds
5 Baths
2,337 sqft

$429,000

1027 Nelchina Street, Anchorage AK, 99501

Price per sqft$183.57
Built in1953
Property size2,337 sqft
Property typeMulti-family
Listed by James Cash with Real Broker Wasilla

Overview

Active

Listed Sep 4, 2026

Updated 4 weeks ago

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 market. Buyer to verify all information, including rents, leases, expenses, zoning/use, financing eligibility and Letter of Non-Conforming Rights.

$2,854/mo

Est. mortgage payment based on a $429,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26-11445

Interior Features

Bedrooms
4
Bathrooms
5
Basement
No

Exterior Features

Lot Size
0.16 Acres

Other Property Details

Taxes
$2,462
Tax Frequency
Annually
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Listing Contact:  

The IDX display contains information sourced from the Alaska Multiple Listing Service, Inc. (AK MLS) as of 9/11/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 Alaska Multiple Listing Service, Inc. (AK MLS) all rights reserved.

Data last updated on 9/11/2026 at 4:53 AM UTC

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