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Anchorage Fourplexes For Sale

Search Anchorage fourplexes for sale with local insight into rental income, cash flow, expenses, financing, neighborhood quality, tenant demand, and long-term investment potential.

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Anchorage Fourplex Real Estate

Fourplexes Can Be One Of The Strongest Small Multifamily Plays In Anchorage

Anchorage fourplexes are popular with investors because they can offer multiple income streams, residential financing options in some situations, and better risk distribution than a single rental unit. For buyers looking to build long-term wealth, a well-bought fourplex can be a serious asset.

But not all fourplexes are equal. The real value depends on rents, vacancy, operating expenses, condition, location, tenant quality, deferred maintenance, financing structure, and future resale demand.

Fourplex Strategy

  • Review actual rents versus market rents
  • Analyze operating expenses and net income
  • Evaluate roof, heating systems, windows, plumbing, and electrical
  • Understand tenant quality, lease terms, and vacancy risk
  • Compare neighborhood demand and long-term resale value
  • Negotiate inspections, appraisal, financing, and closing timelines
Why Investors Like Fourplexes

Anchorage Fourplexes Offer Income, Leverage & Long-Term Upside

Multiple Income Streams

Four units can reduce the impact of one vacancy compared to owning a single rental property.

Owner-Occupant Potential

Some buyers look at fourplexes as a way to live in one unit and rent out the others.

Forced Appreciation

Improving rents, condition, management, and expenses can potentially increase long-term value.

Rental Demand

Anchorage has ongoing demand for rental housing, especially well-maintained units in practical locations.

Buyer Guidance

What To Watch For When Buying An Anchorage Fourplex

When buying a fourplex in Anchorage, the numbers matter — but the condition matters just as much. A property may look good on paper but become expensive quickly if the roof, boiler, plumbing, electrical, windows, siding, parking, or drainage need major work.

Buyers should review leases, rent rolls, deposits, utility responsibilities, insurance, taxes, vacancy history, repairs, and management expenses. The best deals are usually not just the cheapest properties — they are the ones where risk, income, condition, and upside are properly understood.

Selling An Anchorage Fourplex?

Fourplex sellers need to present more than photos. Investors want to understand rent performance, expenses, leases, upside, maintenance history, utility setup, and realistic income potential.

A strong multifamily listing strategy should include clean property information, professional photos, accurate financial details, realistic pricing, and clear positioning around income, condition, and future opportunity.

What’s My Fourplex Worth?
Anchorage Fourplex FAQ

Frequently Asked Questions About Anchorage Fourplexes

Are fourplexes good investments in Anchorage?

Fourplexes can be strong investments when the purchase price, rents, expenses, financing, condition, and location all make sense. The key is analyzing the full picture, not just the advertised rent.

Can I live in one unit and rent the others?

In some cases, buyers purchase a fourplex as an owner-occupant property and rent the remaining units. Financing rules, occupancy requirements, and property condition should be reviewed carefully with a qualified lender.

What expenses should I review before buying a fourplex?

Buyers should review taxes, insurance, utilities, repairs, vacancy, management, snow removal, lawn care, maintenance reserves, and any known capital expenses.

How should I sell a fourplex in Anchorage?

Sellers should provide clear rent information, expense details, lease terms, maintenance history, professional photos, and pricing that makes sense to both investors and owner-occupant buyers.

Looking For An Anchorage Fourplex?

Whether you’re buying your first multifamily property or selling an existing fourplex, get strategic guidance built around income, risk, condition, and long-term value.

Search Fourplexes Email James

Anchorage Fourplexes For Sale

$799,900
4 Beds ⋅ 4 Baths ⋅ 26-10038 MLS
45 DAYS to COMPLETION! 'The Manhattan' - SINGLE FAMILY RESIDENCE - This spacious 4 bdrm, 3.5 bth w/3-car tandem gar has upstairs living w/vaulted Great Room, open kit w/large island, gas range w/hood, SS appliances, upgraded cabs & quartz countertops. A flexible bonus rm downstairs offers the ideal spot for entertaining or game-day watch parties with friends. It's a home built for making memories! The same plan is also being built on Zeus Circle (MLS 26-9847) with fabulous mountain views and a generous backyard that easily fits a volleyball court with room to spare for spectators. Perfect for weekend gatherings!

9000 Chalk Hill Loop, Anchorage

Listing Office Herrington and Company, LLC
$874,000
5 Beds ⋅ 4 Baths ⋅ 26-10013 MLS
Welcome to 3321 Capstan Court! Tucked into a quiet cul-de-sac in South Anchorage's established Huffman/O'Malley neighborhood, this 5-bedroom, 3.5-bath home offers 3,782 square feet of living space. Fresh exterior paint went on in 2025, and in 2026 the whole interior was brought up to like-new condition with fresh paint and brand-new carpet and pad throughout Welcome to 3321 Capstan Court! Tucked into a quiet cul-de-sac in South Anchorage's established Huffman/O'Malley neighborhood, this 5-bedroom, 3.5-bath home offers 3,782 square feet of living space. Fresh exterior paint went on in 2025, and in 2026 the whole interior was brought up to like-new condition with fresh paint and brand-new carpet and pad throughout. Inside, the layout gives you room to breathe: flexible main-floor living space for everyday life and entertaining, a downstairs game room and bonus flex area perfect for a home office or gym, and a top floor dedicated entirely to an expansive master suite that feels like its own private retreat. Outside, a 0.19-acre lot and attached 2-car garage round out the package, all just minutes from the Seward Highway. With major updates already done and untouched, this is a rare opportunity to move into a spacious, established South Anchorage home that feels brand new from the moment you walk in.

3321 Capstan Court, Anchorage

Listing Office All Star Realty
$636,000
4 Beds ⋅ 4 Baths ⋅ 26-9912 MLS
Backing to a peaceful greenbelt, this home combines a setting that's difficult to improve upon with meaningful recent investments, including a brand-new roof and recently redone driveway. Inside, the floor plan offers two true primary suites, soaring ceilings, and a living room where expansive windows keep the space bright from morning through evening. Natural light is a constant throughout the home, but it's especially noticeable in the main living area where the ceilings open up and the view extends into the trees beyond the backyard. It's an easy place to spend time, whether you're enjoying a quiet morning or gathering with family and friends. The layout offers flexibility without compromise. A primary suite on the main level works equally well for guests, multi-generational living, or anyone who appreciates having everything they need on one floor. Upstairs, the second primary suite includes a cedar sauna and a comfortable retreat that's tucked away from the rest of the home. The backyard feels connected to the greenbelt behind it. The south-facing deck gets plenty of sunshine and becomes a natural extension of the living space during the summer months. Just beyond the property, Vierthaler Pond provides walking trails when the weather is warm and a place for cross-country skiing and skating once winter arrives. The landscaping has matured beautifully over the years, giving the home excellent curb appeal without feeling overdone. More importantly, the home has been consistently cared for, allowing the next owner to focus less on major projects and more on enjoying everything that makes this property such a comfortable place to live.

1804 Concord Hill Drive, Anchorage

Listing Office Herrington and Company, LLC
$725,000
5 Beds ⋅ 4 Baths ⋅ 26-9882 MLS
Located in highly desirable Bruin Park this impressive 3,306 SF home features 5 bed, 4 bath, a sunny open main living, a separate (large) family rm, multiple decks, a renovated garage bay/party room, a lower-level MIL apt. w/living/kitchen, bedroom & bonus room, & full bath w/shower & tub. This immaculate home sits on a 1/3 acre w/a huge fenced backyard, raised flower beds, shed & a treehouse.

2231 Mona Avenue, Anchorage

Listing Office Jack White Real Estate
$849,900
4 Beds ⋅ 4 Baths ⋅ 26-9847 MLS
'The Manhattan' - SINGLE FAMILY RESIDENCE - Wake up to fabulous mountain views from this spacious 4 bdrm, 3.5 bth home w/3-car tandem gar. The generous backyard easily fits a volleyball court w/room to spare for spectators. Perfect for weekend gatherings. Downstairs, a flexible bonus rm offers the ideal spot for entertaining or game-day watch parties w/friends. A home built for making memories! Upstairs living with vaulted ceilings in the Great Room, open kitchen w/large island, gas range w/hood, SS appliances, upgraded cabinets & quartz countertops throughout. Large lots near bike trails and shopping. No HOA so RV parking is OK! The same plan is being built on 9000 Chalk Hill Loop (MLS 26-10039) in the Sonoma Glen at Westpark subdivision.

10032 Zeus Circle, Anchorage

Listing Office Herrington and Company, LLC
$836,000
6 Beds ⋅ 4 Baths ⋅ 26-9760 MLS
Wonderful Duplex built with owner in mind! NO HOA! Separate Gas & Electric Meters, Long term TENANTS PAY all the utilities! Big windows make it light & bright! Huge 2 car garage per side & ample paved parking. Tons of space & storage. Separate fenced yards with decks on each side. Quiet private neighborhood. Great schools, shopping, entertainment, trails & parks abound!

2511 Eleusis Circle, Anchorage

Listing Office Keller Williams Realty Alaska Group
$925,000
4 Beds ⋅ 4 Baths ⋅ 26-9643 MLS
Well-cared-for Hillside home w/ 4 beds, mountain views & a creek winding through the .55-acre property! Features massive covered front/rear decks, huge kitchen, living & family room, fireplace, 4+ car garage & huge unfinished basement. New heating system, septic & on-demand hot water. Private setting near Hilltop, trails & shopping. Adjoining 1.1-acre lot w/ new septic for sale as well.

6400 O'Malley Road, Anchorage

Listing Office Keller Williams Realty Alaska Group of Wasilla
$874,900
4 Beds ⋅ 5 Baths ⋅ 26-8801 MLS
Set at the end of a quiet Scenic Foothills cul-de-sac on a level .35-acre lot, this custom home opens into a great room where exposed beams carry a vaulted ceiling and the Chugach fills the glass, unobstructed. Four bedrooms, five baths, 4,688 square feet, and a 2022 renovation that touched all of it. Hot tub and Sauna gives a spa like feel. Extensive updates make this place move in ready. Some homes get remodeled. This one was rebuilt around the view. The chef's kitchen brings granite counters, red birch cabinetry, a gas cooktop with downdraft, and a built-in coffee and espresso station. In-floor radiant heat warms the lower level, and the home carries a 4+ Star energy rating -- rare comfort in a house this size, and rare efficiency for the winter. There is genuine room to spread out. A bedroom and full bath sit on the main level, with a family room, wet bar, sauna, and central vacuum rounding out the floor plan. The deck carries a private hot tub and that same mountain view over a private, level yard. The attached two-car garage is heated, with paved RV parking alongside and room to turn around. And the mountains here are not just scenery. Trails and open wilderness start right out the back door -- hike, ski, or bike from your own yard, then come home to the hot tub and watch the light move across the range. Rare square footage, rare views, renovation already done.

8670 Kushtaka Circle, Anchorage

Listing Office Century 21 Realty Solutions - Eagle River
$550,000
5 Beds ⋅ 4 Baths ⋅ 26-8576 MLS
Nestled in the highly sought-after Foxhall neighborhood, this timeless two-story home has been impeccably maintained and lovingly cared for by the same owners for nearly 40 years. Offering five spacious bedrooms, two inviting living areas, two dining spaces, and a beautifully appointed library with custom built-in shelving, there's room for everyone to gather or spread out in comfort. A thoughtfully designed addition completed in 1989 blends seamlessly with the original home, creating an open, natural flow that feels as though it has always been part of the house. A cozy fireplace adds warmth and charm, while the covered front porch welcomes you home. Outside, the mature backyard is a gardener's delight, featuring eight established cherry and apple trees that provide beauty and seasonal harvests. Complete with a large garage and classic traditional layout, this is a rare opportunity to own a home that has been cherished, exceptionally maintained, and is ready for its next chapter.

2310 Yorkshire Lane, Anchorage

Listing Office CORE Real Estate Group, LLC.
$1,099,800
5 Beds ⋅ 5 Baths ⋅ 26-8060 MLS
For the past eight years, this has been more than a house; it has been HOME. The sellers planned to stay here for years to come, but family comes first, so this is a bittersweet decision. They hope the next owners will love and cherish this home as much as they have. Nestled on a friendly, close-knit cul-de-sac, neighbors genuinely look out for one another, even lending a hand with snow plowing during the winter. Designed for multigenerational living, guest accommodations, or investment potential. With over 4,600 sq. ft., this spacious home offers 5 bedrooms, 5 bathrooms, and a 3-car garage. The Warmth of the Interior Step inside and you will immediately feel how incredibly cozy and elegant this home is, featuring tall ceilings and a beautiful design that perfectly meshes farm/country chic with modern touches. The kitchen is truly the heart of the home, beautifully equipped with a double oven and an extended island that makes hosting large, lively gatherings with family and friends an absolute breeze. The Master Bedroom: The primary suite serves as a true retreat, highlighted by a master bathroom featuring separate his-and-her vanities, gorgeous finishes throughout, and a private sitting area overlooking the stunning Turnagain Arm--an ideal space to relax with a morning coffee, unwind with a book, or create a quiet home office. Down the hall, a fantastic second-floor bedroom boasts its own private en suite bath, offering the perfect setup for a quiet home office or a teenager desiring their own dedicated space, while another bedroom served by a nearby full bathroom offers even more flexibility for family, a nursery, fitness room, or a second home office. The Basement/ADU: For guests or multi-generational living, the home includes a complete Mother-In-Law suite, which functions as a fully standalone unit with its own private entry and exit in the garage. The garage itself is a massive, two-level dream with space for three vehicles and all of your Alaskan toys, while the upstairs portion provides an incredibly organized area for your projects, hobbies, and storage. Practicality meets luxury throughout the rest of the home's layout. Between the garage entrance and the main floor, you will find a roomy Arctic entry. This thoughtful transition zone is ideal for keeping Alaska outside, ensuring that your warm, cozy retreat remains entirely free of the snowy trails and traces of your daily adventures. The Beauty of the Outdoors The magic of this property extends far beyond its walls. Whether you are stepping outside or simply looking out the windows, you will be treated to picturesque, year-round views of the Turnagain Arm from all over the house, as well as front-row seats to the vibrant Northern Lights dancing across the winter sky. The home sits on an exceptionally large lot, stretching beyond the fenced-in area to create a vast, safe playground for kids and dogs alike. It is a regular joy to witness Alaska's various wildlife peacefully commuting through the front yard, serving as a beautiful daily reminder of your close connection to nature. While you will enjoy a wonderful sense of community here, you will also enjoy incredible, rare space. Tucked away on a quiet cul-de-sac with phenomenal neighbors, this property ensures you never feel like you are living right on top of one another. It truly is the perfect Alaskan retreat, offering the ideal balance of warm neighborhood connection and peaceful mountain solitude.

16241 Baugh Circle, Anchorage

Listing Office Jack White Real Estate
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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 Properties of Alaska Real Estate Brokers of Alaska 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. Listing last updated: