4116 W 88th Avenue, Anchorage, AK 99502 (MLS# 25-7666)

4116 W 88th Avenue, Anchorage, AK 99502

$689,000
Property Type: Multi-Family Bedrooms: 9 Baths: 5 Square Footage: 3,462 Lot Size (sq. ft.): 14,300 Status: Closed
Current Price: $689,000 Last Modified: 9/20/2025

Overview

Description

Right down the street from Jewel Lake Park! Don't miss out on this very well maintained and upgraded ranch style 4plex that actually cashflows. Gross rents are $7,900. Property can easily be converted back into a 4plex with an ADU by splitting unit 3. Units 1 and 2 are rented by the room with many long term tenants. Unit 4 is a turnkey AirBnB rental and those furnishings stay with the property.

Supplements: Recent upgrades and improvements - Well house removed w/control box, pressure tank and filters moved to utility room. A new water main installed. - New gas line on exterior of building installed. - Unit #4 completely remodeled within last 24 months. - New washer/dryer for shared laundry for units 1 & 2 - New Fridge in unit 3

Listing Details MLS# 25-7666

Contract Info

Price-List
689000
Date-Listing
2025-06-20
Foreclosure/Bank Own
No

Sold Info

Date-Pending
2025-07-28
Date-Closing
2025-09-18

Location Tax and Legal

Area
15 - W Tudor Rd - Dimond Blvd
Street #
4116
Directional
W
Street Name
88th
Arterial
Avenue
Closest USPS Town
Anchorage
State
AK
Zip Code
99502

Property Info

Realtor.com Type
Multi-Family
Construction Status
Existing Structure
Beds
9
Bathrooms Full
5
Bathrooms Total
5
Bldgs-Ttl #
Yes
Year Built
1963
Year Remodeled
2024
SF-Res
3462
Number of Units
4
SF-Lot
14300
Acres
0.33
Prkg Spcs
15
Lot Area Source
Tax Authority
Zoning
R2A - Two Family Residential
Bathrooms Half
0
Bathrooms Three Quarter
0
Garage Spaces
0
Carport Spaces
0

Directions and Remarks

Directions
Jewel Lake, West on 88th. Property is on the left

Building Info

Units- # of Effcncy
Yes
Units- # of 2 BR
Yes
Units-# of 3 BR
2

More Information

Mortgage Info

EM Minimum Deposit
7000

Unit #1

Bath - Full
Yes
Bedroom
3

Unit #2

Bedroom
3

Unit #3

Bath - Full
2
Bedroom
2

Unit #4

Bath - Full
Yes

Location, Tax and Legal

Region
1 - Southcentral Alaska Region
Borough/Census Area
1A - Anchorage Municipality
Grid # (Muni Anch)
SW2325
Tax Map #-Mat-Su
N/A
Legal
Lake Hurst L4 B5
Taxes (Estimated)
8528
Tax Year
2025
School-Elementary
Sand Lake
School-Middle
Mears
School-High
Dimond

Multi-Family Type

Quadruplex
Yes
Ranch
Yes

To Show

ShowingTime
Yes

Listing Terms Financing

Cash
Yes
Conventional
Yes
VA Loan
Yes

Exterior Finish

Wood
Yes

Heating

Baseboard
Yes
Natural Gas
Yes

Topography

Level
Yes

Roof Type

Asphalt
Yes
Composition
Yes
Shingle
Yes

Construction Type

Wood Frame
Yes

Foundation Type

Unknown - BTV
Yes

View Type

Mountains
Yes

Wtrfrnt-Access Near

None
Yes

Garage Type

None
Yes

Wtrfrnt-Frontage

None
Yes

Carport Type

None
Yes

Sewer-Type

Public Sewer
Yes

Water Source

Well
Yes

Access Type

Dedicated Road
Yes
Paved
Yes
Maintained
Yes

Features-MultiFamily

In City Limits
Yes
Washer/Dryer
Yes

Income & Expenses

Exp-Wtr/Swr/Yr Avg
2988
Income-Rent Mo Total
7900

Property Features

Multi-Family Type: Quadruplex; Ranch Exterior Finish: Wood Roof Type: Asphalt; Composition; Shingle Foundation Type: Unknown - BTV Construction Type: Wood Frame Garage Type: None Carport Type: None Heating: Baseboard; Natural Gas Sewer-Type: Public Sewer Water Source: Well Access Type: Dedicated Road; Paved; Maintained View Type: Mountains Topography: Level Wtrfrnt-Frontage: None Wtrfrnt-Access Near: None Features-MultiFamily: In City Limits; Washer/Dryer To Show: ShowingTime Listing Terms Financing: Cash; Conventional; VA Loan
IDX
Listing Office: Real Broker Alaska
Last Updated: September - 20 - 2025
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.

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