7241 Michelin Place, Anchorage, Alaska

$415,000 REDUCED 3%
  • $415,000
  • 9
  • 5
  • 4,029
  • .21
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Very large triplex building with easy access to make a fourth efficiency unit in the building for added income. The upstairs owner unit is a amazing 2,000 feet in size with a master suite, two bedrooms and extra bath and laundry. The other two units are at present a three bedroom with one bath and a two bedroom with one bath. The third bedroom for unit one can be added back to the unit for a thirdbedroom and second bath. Or be made into an efficiency as a fourth unit. All units except the possible efficiency have washers and dryers in each unit. This property has great potential and the income should be in the $4,700 range with the fourth unit added. With the three units only in the $3,800 - $4,000 range. The building needs general repairs in all the units with flooring, paint with the exception of unit 1 which is in good condition with a long term renter. There is ample parking on each end of the building for occupants. There is a workshop slash large shed on the left of the building. This could be removed and a garage added. Owner will entertain health and safety repairs. This is an estate sale. There is a home inspection available to perspective buyers. A new roof will be installed a week before closing with the right agreed upon offer.

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Essential Information

  • MLS® # 19-3173
  • Price $415,000
  • Bedrooms 9
  • Bathrooms 5.00
  • Square Footage 4,029
  • Acres 0.21
  • Year Built 1982
  • Type Multi-Family
  • Sub-Type Tri-Plex, Up and Down
  • Status Active
  • Annual Tax Amount $7,276
  • Tax Year 2018

Community Information

  • Address 7241 Michelin Place
  • Area 15 - W Tudor Rd - Dimond Blvd
  • Subdivision Kwik Log L22A B3
  • City Anchorage
  • State Alaska
  • Zip Code 99518


  • Features CO Detector(s), Washer/Dryer, Washer/Dryer HkUp, Fixer-Upper, Smoke Detector(s), Shed
  • Garages None
  • Waterfront None


  • Heating Baseboard


  • Exterior Wood
  • Roof Asphalt/Comp Shingle
  • Construction Wood Frame - 2x4
  • Foundation Concrete Block

School Information

Additional Information

  • Date Listed March 8th, 2019
  • Days on Market 81
  • Zoning R2M - Multi Family Residential

Listing Details

  • Listing Office: Keller Williams Realty Alaska Group


  • $/SqFt $103

Price & Status History

Date Details
Price Reduced from $430,000 to $415,000
Price Reduced from $445,000 to $430,000
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Neighborhood Information

Nearby Military Facility(ies), High Residential Turnover

  • Icon of money $245,000

    Median Price

  • Icon of a grid layout $134

    Median Price/Sqft

  • Icon of a bar graph 98.70%

    Sale/List Ratio

  • Icon of a house 78

    # of Homes SoldWithin the Last Year

  • Icon of a person walking 47/100

    Walk Score®Car-Dependent

  • Icon of a raincloud 16.08″

    Annual Precipitation

  • Icon of a sun 22.20°F /65.30°F

    Avg. Highs -

  • Icon of a cloud and moon 9.30°F /51.50°F

    Avg. Lows -

  • Icon of a group of people 10,371

    PopulationBased on Nearest ZIP Code

  • Icon of a person 33

    Median Age

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Listing information last updated on June 19th, 2019 at 6:49pm AKDT.