540 Eyak Drive, Anchorage AK 995011 / 26

$949,000

Originally $989,000

Active

540 Eyak Drive

Anchorage AK 99501

Third Addition

CORE Real Estate Group, LLC.

8

Bedrooms

4

Bathrooms

5,385

Sq Ft

2003

Year Built

$176/sqft4-car garage0.16 acres lot

MLS# 26-1876· Listed Feb 27, 2026

Live MLS feed

About This Home

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. 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.

Property Details

Property TypeResidential Income
Full Baths4
Garage Spaces4
ParkingAttached, Heated Garage, Tuck Under
Year Built2003
Lot Size0.16 acres
SubdivisionThird Addition
Legal DescriptionThird Addition L4 B35B
Parcel #0021633200001
Annual Taxes$12,630 (2025)
MLS #26-1876

Heating

BaseboardNatural Gas

Sewer

Public Sewer

View

City LightsMountain(s)

Price & Status History

6/11/2026
Price reduced
$949,0000.0%
$176/sqft
Source: AKMLS #26-1876
2/27/2026
Listed for sale
$949,000+14.5%
$176/sqft
Source: AKMLS #26-1876
5/31/2023
Sold
$829,000+10.5%
$154/sqft
5/26/2009
Listed for sale
$750,000
$209/sqft

* Alaska is a non-disclosure state. Prices shown are listed asking prices, not recorded sale prices.

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Equal Housing Opportunity

Listed by: Derek J. Hert · CORE Real Estate Group, LLC.

Alaska MLS

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Cindy Wolfe

Cindy Wolfe

Real Estate Agent

Better Homes and Gardens Real Estate Dream Makers

Ready to schedule a private showing or answer your questions about this home.

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Mortgage Estimate

Down payment10% · $94,900
Interest rate7.0%
Loan term30 years

$5,682/mo

$854,100 loan · 30yr · 7.0%

Estimate only. Taxes & insurance not included. Rates vary by lender.

Cindy Wolfe

Dream Makers

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