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809 O Pl, Anchorage, AK, 99501

8beds
4baths
3,550sqft
$1,250,000
$352price/sqft
$8,674/moest. monthly cost
$346,960/yrincome needed

About This Home

Own the entire building in one of Anchorage's most sought-after neighborhoods. This rare Bootleggers Cove opportunity includes all four 2-bedroom, 1-bath condo units, currently operating as turnkey Airbnb rentals with immediate income. Whether you're expanding your portfolio or completing a 1031 exchange, opportunities like this rarely come to market.Opportunities like this rarely come available in Anchorage's highly sought-after Bootleggers Cove neighborhood. Offered as one package, this "four-plex" consists of all four (4) condominium units, giving the next owner complete control of the entire building. Located at 809, 811, 813, and 815 O Place, each unit offers 2 bedrooms, 1 bathroom, for a combined 3,550 square feet of living space and each unit has its own carport. The property is currently operating as a successful short-term rental portfolio with all four units actively serving vacation rentals/STR guests, creating an immediate income-producing opportunity for investors looking to expand their portfolio or enter Anchorage's thriving vacation rental market. Continue operating as a turnkey STR investment, explore long-term rental potential, or occupy one unit while generating income from the others. Bootleggers Cove continues to be one of Anchorage's premier locations, just minutes from Downtown, the Coastal Trail, Park Strip, restaurants, shopping, and some of the city's most recognizable attractions. The combination of location, flexibility, and existing income potential makes this a unique investment that is difficult to replicate. Whether you're looking for a stabilized investment, a portfolio addition, or a long-term appreciation play in one of Anchorage's strongest neighborhoods, this is an opportunity worth a serious look.

Getting Around

67
WalkingSomewhat Walkable
44
TransitSome Transit
66
BikeBikeable

Schools

8/10
5/10
West High SchoolGrades 9-121.1 mi

Construction

Condition

  • Year built: 1973

Materials

  • Foundation: Block
  • Construction materials: Wood Frame - 2x4

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 4
  • Full bathrooms: 4

Heating

  • Heating features: Baseboard,Natural Gas

Interior Area

  • Total structure area: 3,550
  • Total interior livable area: 3,550 sqft

Property

Details

  • Parcel number: 0010511000301
  • Zoning: R3
  • Zoning description: Multiple Family Residential

Features

  • Waterfront features: No Access,None

Lot

  • Lot size: 7,405 sqft

Parking

  • Parking features: No Garage

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
    EarthquakeVery High
  • Winter Weather
    Winter WeatherRelatively High
  • Tsunami
    TsunamiModerate

How This Home’s Risks Compare

Earthquake
Winter Weather
Tsunami

FEMA Declared Disasters in Anchorage Municipality and Alaska

Flood
Mud Landslide
Other
Severe Storm

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

MonthlyAnnual
Mortgage $6,320$75,840
Home Insurance $545$6,540
Property Taxes $1,218$14,616
Electricity $591$7,101
Total$8,674$104,088

Income You'd Need if You Spent...

35% on housing$297,394/yr
40% on housing$260,220/yr
45% on housing$231,306/yr

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.

Insurance Growth Rate5-year average: 4.5%
4.5%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: -0.7%
-0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$352This listing

vs Other Active Listings

Avg $/sqft

ZIP 99501$223
Anchorage Municipality$252

vs Homes Sold Last Month

Median $/sqft

ZIP 99501$231
Anchorage Municipality$263

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

DateEventPrice
2026-08-17Price change$1,150,000
2026-08-06Listed for sale$1,250,000

For Sale by Agent

AgentJustin Milette
BrokerageReal Broker B Street

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