540 Eyak Dr, Anchorage, AK, 99501
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.
Getting Around
Very Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Year built: 2003
Materials
- Construction materials: Vinyl Siding,Frame
Type & Style
- Home type: MultiFamily
- Property subType: Quadruplex
Interior
Appliances
- Appliances included: Washer/Dryer
- Laundry features: Common Area
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Features
- Storage,Vaulted Ceiling(s)
- Flooring: Luxury Vinyl
Heating
- Heating features: Baseboard,Natural Gas
Interior Area
- Total structure area: 5,385
- Total interior livable area: 5,385 sqft
Property
Details
- Parcel number: 0021633200001
- Zoning: R4
- Zoning description: Multiple Family Residential
Features
- Has view: Yes
- View description: City Lights,Mountain(s)
- Waterfront features: No Access,None
- Topography of land: Sloping
Lot
- Lot size: 6,969 sqft
- Features: City Lot
Parking
- Total spaces: 4
- Parking features: Paved,No Carport,Attached,Heated Garage,Tuck Under
- Has garage: Yes
- Attached garage spaces: 4
- Covered spaces: 4
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Anchorage Municipality and Alaska
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,000 | $60,000 |
| Home Insurance | $431 | $5,172 |
| Property Taxes | $964 | $11,568 |
| Electricity | $897 | $10,771 |
| Total | $7,292 | $87,504 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-12 | Listed for sale | $989,000 |
| 2023-05-31 | Sold | -- |
| 2023-03-27 | Pending sale | $829,000 |
| 2023-03-22 | Listed for sale | $829,000 |
| 2022-08-29 | Listing removed | -- |
| 2022-08-28 | Listed for sale | $850,000 |
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