309 N Klevin Street, Anchorage, AK 99508 (MLS # 26-5808)

Price $509,900
Status Active
Beds 9
Baths 4 Baths
Home size 4,088 sqft
Lot Size 6,099 sqft
Days on Market 4
Stable Mountain View 4-plex with strong pro forma upside on a quiet street near JBER, schools, and shopping. Fully occupied by long-term tenants (2 to 5+ years), all current and on time, all on month-to-month leases -- giving a new owner flexibility to raise rents to market or occupy a unit. Current gross rent of $51,600/yr reflects below-market rates; comparable Mountain View 4-plexes with similar unit mix are achieving closer to $65,000/yr, representing roughly $12,000/yr in lease-up potential.Individual electric meters (tenant-paid); owner currently covers gas, water/sewer, and refuse. Investor-ready with a clear path to a 7%+ pro forma cap rate. Also a strong fit for an owner-occupant seeking a multi-unit property where rental income from the other units helps offset the mortgage.Showings by appointment with minimum 24-hour notice -- tenants in place.
Property Type(s): Multi Family
Last Updated 5/21/2026 Year Built 1985
Community 1A - Anchorage Municipality County Anchorage Municipality

SCHOOLS

Elementary SchoolMountain View
Jr. High SchoolClark
High SchoolBettye Davis East Anchorage

Additional Details

APPLIANCESWasher/Dryer
AREA1A - Anchorage Municipality
CONSTRUCTIONFrame, Wood Siding
HEATBaseboard
LOT6098 sq ft
LOT DESCRIPTIONLevel
LOT DIMENSIONS6250.0
PARKINGNone
SEWERPublic Sewer
TAXES6780
WATERPublic
Listing Office: Jack White Real Estate
Alaska MLS

The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than Petersburg Properties LLC are marked with either the listing brokerage’s logo or the AK MLS logo and information about them includes the name of the listing brokerage

All information is deemed reliable but is not guaranteed and should be independently verified for accuracy.

Copyright 2026 Alaska Multiple Listing Service, Inc. All rights reserved

This IDX solution is (c) Diverse Solutions 2026.

Location

 

Contact us about this Property

 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Sarah Holmgrain to contact you even if your name is on a Federal or State "Do not call List".

Email a Friend