425 E 16th Avenue, Anchorage, AK 99501
$1,500,000
Property Type:
Multi-Family
Bedrooms:
28
Baths:
12
Square Footage:
10,080
Lot Size (sq. ft.):
14,796
Status:
Closed
Current Price:
$1,500,000
Last Modified:
6/13/2025
Overview
Description
Well maintained 12 unit apartment building located across from the Sullivan Arena. Secured/common entrance with large units. Four 3 bedroom 1 bath and eight 2 bedroom 1 bath units. Two separate laundry rooms to service both sides of the building. Ample parking. Rental rates range between $1210 and $1600 per unit. Newly drafted leases reflect $1385 for the 2 bed and $1635 for the 3 bed units.
Listing Details MLS# 25-720
Contract Info
- Price-List
- 1500000
- Date-Listing
- 2025-01-23
- Foreclosure/Bank Own
- No
Sold Info
- Date-Pending
- 2025-02-05
- Date-Closing
- 2025-06-13
Location Tax and Legal
- Area
- 5 - Downtown Anchorage
- Street #
- 425
- Directional
- E
- Street Name
- 16th
- Arterial
- Avenue
- Closest USPS Town
- Anchorage
- State
- AK
- Zip Code
- 99501
Property Info
- Realtor.com Type
- Multi-Family
- Construction Status
- Existing Structure
- Beds
- 28
- Bathrooms Full
- 12
- Bathrooms Total
- 12
- Bldgs-Ttl #
- Yes
- Year Built
- 1965
- Year Remodeled
- 2024
- Year Updated
- 2024
- SF-Res
- 10080
- Number of Units
- 12
- SF-Lot
- 14796
- Acres
- 0.34
- Prkg Spcs
- 20
- Lot Area Source
- Tax Authority
- Zoning
- R4 - Multiple Family Residential
- Bathrooms Half
- 0
- Bathrooms Three Quarter
- 0
- Garage Spaces
- 0
- Carport Spaces
- 0
Directions and Remarks
- Directions
- On E 16th Ave between A St and Gambell St.
Building Info
- Units- # of 2 BR
- 8
- Units-# of 3 BR
- 4
More Information
Mortgage Info
- EM Minimum Deposit
- 15000
Unit #1
- Bedroom
- 3
Unit #2
- Bedroom
- 2
Unit #3
- Bedroom
- 3
Unit #4
- Bedroom
- 2
Unit #5
- Bedroom
- 2
Unit #6
- Bedroom
- 2
Unit #7
- Bedroom
- 2
Unit #8
- Bedroom
- 3
Location, Tax and Legal
- Region
- 1 - Southcentral Alaska Region
- Borough/Census Area
- 1A - Anchorage Municipality
- Grid # (Muni Anch)
- SW1431
- Tax Map #-Mat-Su
- N/A
- Legal
- Third Addition L18A B34B
- Taxes (Estimated)
- 16511
- Tax Year
- 2024
- School-Elementary
- North Star
- School-Middle
- Central
- School-High
- West Anchorage
- Assessed Value
- 1022700
Multi-Family Type
- Apartment Style
- Yes
- Multi Family
- Yes
Listing Terms Financing
- Cash
- Yes
- Conventional
- Yes
Exterior Finish
- Wood
- Yes
Heating
- Baseboard
- Yes
- Natural Gas
- Yes
Topography
- Level
- Yes
Roof Type
- Asphalt
- Yes
- Composition
- Yes
- Shingle
- Yes
Construction Type
- Wood Frame
- Yes
Foundation Type
- Block
- Yes
View Type
- City Lights
- Yes
- Mountains
- Yes
- Partial
- Yes
Wtrfrnt-Access Near
- None
- Yes
Garage Type
- None
- Yes
Wtrfrnt-Frontage
- None
- Yes
Carport Type
- None
- Yes
Flooring
- Laminate
- Yes
- Vinyl
- Yes
Sewer-Type
- Public Sewer
- Yes
Water Source
- Public
- Yes
Access Type
- Paved
- Yes
- Maintained
- Yes
Features-MultiFamily
- CO Detector(s)
- Yes
- DSL-Cable Available
- Yes
- In City Limits
- Yes
- Laundry Facility
- Yes
- Smoke Detector(s)
- Yes
- Paved Driveway
- Yes
Docs Avl for Review
- Pre-Lim
- Yes
Income & Expenses
- Exp-Elec/Yr Avg
- 1493
- Exp-Gas/Yr Avg
- 10745
- Exp-Insurance/Yr Avg
- 7012
- Exp-Refuse/Yr Avg
- 6471
- Exp-Snow/Yard/Yr Avg
- 4714
- Exp-Tax & Ins/Yr
- 16511
- Exp-Wtr/Swr/Yr Avg
- 8091
- Income-Rent Mo Total
- 15132
Property Features
Multi-Family Type:
Apartment Style; Multi Family
Exterior Finish:
Wood
Roof Type:
Asphalt; Composition; Shingle
Foundation Type:
Block
Construction Type:
Wood Frame
Garage Type:
None
Carport Type:
None
Heating:
Baseboard; Natural Gas
Sewer-Type:
Public Sewer
Water Source:
Public
Access Type:
Paved; Maintained
View Type:
City Lights; Mountains; Partial
Topography:
Level
Wtrfrnt-Frontage:
None
Wtrfrnt-Access Near:
None
Features-MultiFamily:
CO Detector(s); DSL-Cable Available; In City Limits; Laundry Facility; Smoke Detector(s); Paved Driveway
Flooring:
Laminate; Vinyl
Docs Avl for Review:
Pre-Lim
Listing Terms Financing:
Cash; Conventional
Documents
Rent Roll ›
Listing Office:
Jack White Real Estate
IDX
Last Updated: June - 13 - 2025
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 the site owner are marked with 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. Site contains live data.
