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628 Gambell St, Anchorage, AK, 99501

5beds
2baths
2,375sqft
$199,000
$84price/sqft
$1,751/moest. monthly cost
$70,040/yrincome needed

About This Home

This home is in Anchorage's central Fairview neighborhood, offering strong rental and value-add potential. The property features a spacious layout, providing flexibility for a variety of uses and investment strategies. While some updates would enhance the home, it is fully functional and ready for occupancy or rental. Conveniently located near Downtown Anchorage, major employment centers, publictransportation, and local amenities. Being sold as-is, with pricing reflecting its current condition and potential for improvement. Ideal for investors or buyers looking to add personal touches and maximize long-term value.

Getting Around

82
WalkingVery Walkable
49
TransitSome Transit
66
BikeBikeable

Schools

6/10
Denali Elementary SchoolGrades PK-60.4 mi
5/10
West High SchoolGrades 9-121.8 mi

Construction

Condition

  • Year built: 1947

Materials

  • Foundation: Concrete Perimeter
  • Roof: Asphalt
  • Construction materials: Concrete,Log Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • BR/BA on Main Level
  • Flooring: Laminate,Tile
  • Common walls with other units/homes: No Common Walls

Heating

  • Heating features: Forced Air,Natural Gas

Interior Area

  • Total structure area: 2,375
  • Total interior livable area: 2,375 sqft

Property

Details

  • Parcel number: 0021220400001
  • Zoning: B3
  • Zoning description: General Business

Features

  • Levels: Prow Front Split
  • Has view: Yes
  • View description: Mountain(s)
  • Waterfront features: None,No Access
  • Topography of land: Level

Lot

  • Lot size: 6,969 sqft
  • Features: City Lot

Parking

  • Parking features: No Garage,No Carport

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 WeatherVery High

How This Home’s Risks Compare

Earthquake
Winter Weather

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 $1,006$12,072
Home Insurance $86$1,032
Property Taxes $264$3,168
Electricity $395$4,750
Total$1,751$21,012

Income You'd Need if You Spent...

35% on housing$60,034/yr
40% on housing$52,530/yr
45% on housing$46,693/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

$84This listing

vs Other Active Listings

Avg $/sqft

ZIP 99501$230
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)

No zestimate history available

Price History

DateEventPrice
2026-04-27Price change$199,000
2026-04-06Price change$209,000
2026-02-27Price change$225,000
2026-02-11Listed for sale$235,000
2018-03-23Listing removed$2,599
2018-03-20Price change$2,599
2018-03-06Price change$2,699
2018-01-05Price change$2,800
2017-12-29Listed for rent$3,000
2015-04-01Sold--
2014-08-15Listing removed$270,000
2014-05-28Listed for sale$270,000
2013-10-02Sold--
2013-03-28Listing removed$249,900
2013-03-07Price change$249,900
2013-01-27Listed for sale$260,000
2011-07-01Listing removed$290,000
2011-01-20Listed for sale$290,000

For Sale by Agent

AgentRichard Davids
BrokerageSun Properties, LLC

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