For sale

Price cut: $40K (6/11)

$949,000

540 Eyak Dr, Anchorage, AK 99501

8beds

5,385sqft

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Multi Family

Built in 2003

-- sqft lot

$935,700 Zestimate^®

$176/sqft

$-- HOA

What's special

Natural gas heatFire sprinkler systemEach with garage spaceHeated interior storage

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.

144 days

264

18

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4
Full bathrooms: 4

Heating

Baseboard, Natural Gas

Appliances

Included: Washer/Dryer
Laundry: Common Area

Features

Storage, Vaulted Ceiling(s)
Flooring: Luxury Vinyl
Has basement: No

Interior area

Total structure area: 5,385
Total interior livable area: 5,385 sqft

Video & virtual tour

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Property

Parking

Total spaces: 4
Parking features: Paved, No Carport, Attached, Heated Garage, Tuck Under
Attached garage spaces: 4
Has uncovered spaces: Yes

Features

Has view: Yes
View description: City Lights, Mountain(s)
Waterfront features: No Access, None

Lot

Size: 6,969 Square Feet
Features: City Lot
Topography: Sloping

Details

Parcel number: 0021633200001
Zoning: R4
Zoning description: Multiple Family Residential

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding, Frame

Condition

New construction: No
Year built: 2003

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available

Community & HOA

Location

Region: Anchorage

Financial & listing details

Price per square foot: $176/sqft
Annual tax amount: $12,630
Date on market: 2/28/2026
Road surface type: Paved

Estimated market value

$935,700

$889,000 - $982,000

$2,090/mo

Price history

Date	Event	Price
6/11/2026	Price change	$949,000-4%$176/sqft
Source: AKMLS #26-1876 Report a problem
3/12/2026	Listed for sale	$989,000+19.3%$184/sqft
Source: AKMLS #26-1876 Report a problem
5/31/2023	Sold	--
Source: AKMLS #23-2662 Report a problem
3/27/2023	Pending sale	$829,000$154/sqft
Source: AKMLS #23-2662 Report a problem
3/22/2023	Listed for sale	$829,000-2.5%$154/sqft
Source: AKMLS #23-2662 Report a problem
8/29/2022	Listing removed	--
Source: Owner Report a problem
8/28/2022	Listed for sale	$850,000$158/sqft
Source: Owner Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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