261 Cross Way, North Pole, AK 99705

Looking for a multi-family investment in North Pole with strong rental potential? This is it. 261 Cross Way in North Pole, Alaska is a spacious triplex totaling 3,336 square feet, originally built in 1983 for the builder’s own family. This well-maintained property features three separate units: Unit A is a 3-bedroom, 1-bath apartment with a full kitchen, dining room, and living room. Unit B, the main unit, is a 4-bedroom, 2-bath, two-story apartment with a large upstairs living room, a downstairs den, and plenty of storage. Unit C is a 1-bedroom, 1-bath apartment. The building also includes a 2-car garage and shared laundry. Energy-efficient features include double wall construction, a natural gas boiler, some newer windows, and a roof that was replaced approximately 10 years ago. Each unit is separately metered for electricity, has its own hot water heater, and tenants pay for their own utilities. The property is on public utilities, which is a major advantage for investors. Market rents suggest $2,200 for the 4-bedroom unit, $1,700 for the 3-bedroom, and $1,200 for the 1-bedroom—providing a potential monthly income of $5,100. With low owner expenses and high rental potential, this is a rare opportunity to own a solid multi-family property.