540 Eyak Drive, Anchorage, AK 99501 (MLS# 26-1876)

540 Eyak Drive, Anchorage, AK 99501

$989,000
Property Type: Multi-Family Bedrooms: 8 Baths: 4 Square Footage: 5,385 Lot Size (sq. ft.): 7,000 Status: Active
Current Price: $989,000 Last Modified: 3/13/2026

Overview

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.

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 separ ...

Listing Details MLS# 26-1876

Contract Info

Price-List
989000
Date-Listing
2026-02-27
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 #
Yes
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
Bathrooms Half
0
Bathrooms Three Quarter
0
Carport Spaces
0

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
Yes
Bedroom
2
Living Room
Yes
Garage
Yes
Parking Spaces
3

More Information

Unit #2

Bath - Full
Yes
Bedroom
2
Kitchen
Yes
Living Room
Yes
Garage
Yes
Parking Spaces
3

Unit #3

Bath - Full
Yes
Bedroom
2
Kitchen
Yes
Living Room
Yes
Garage
Yes
Parking Spaces
3

Unit #4

Bath - Full
Yes
Bedroom
2
Kitchen
Yes
Living Room
Yes
Garage
Yes
Parking Spaces
3

Location, Tax and Legal

Region
1 - Southcentral Alaska Region
Borough/Census Area
1A - Anchorage Municipality
Grid # (Muni Anch)
SW1431
Tax Map #-Mat-Su
N/A
Legal
Third Addition L4 B35B
Taxes (Estimated)
12630.44
Tax Year
2025
School-Elementary
North Star
School-Middle
Central
School-High
West Anchorage
Assessed Value
869900

Multi-Family Type

Quadruplex
Yes

To Show

ShowingTime
Yes

Listing Terms Financing

Cash
Yes
Conventional
Yes
FHA
Yes
VA Loan
Yes

Exterior Finish

Vinyl
Yes

Heating

Baseboard
Yes
Natural Gas
Yes

Topography

Sloping
Yes

Roof Type

Unknown - BTV
Yes

Construction Type

Wood Frame
Yes

Foundation Type

Unknown - BTV
Yes

View Type

City Lights
Yes
Mountains
Yes

Wtrfrnt-Access Near

None
Yes

Garage Type

Attached
Yes
Heated
Yes
Tuck Under
Yes

Wtrfrnt-Frontage

None
Yes

Carport Type

None
Yes

Flooring

Luxury Vinyl
Yes

Sewer-Type

Public Sewer
Yes

Water Source

Public
Yes

Access Type

Government
Yes
Paved
Yes

Features-MultiFamily

CO Detector(s)
Yes
DSL-Cable Available
Yes
Fire Sprinkler System
Yes
In City Limits
Yes
Laundry Facility
Yes
Smoke Detector(s)
Yes
Tenant Storage
Yes
Vaulted Ceiling(s)
Yes
Washer/Dryer
Yes
Paved Driveway
Yes

Docs Avl for Review

Lease
Yes
Prop Discl Available
Yes
Other - See Remarks
Yes

Property Features

Multi-Family Type: Quadruplex 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
IDX
Listing Office: CORE Real Estate Group, LLC.
Last Updated: March - 13 - 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.

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