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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

$1,198,000
5 Beds ⋅ 4 Baths ⋅ 26-11356 MLS
Stunning inlet & mountain views enchant from nearly every sun-filled room in this elegant home on the bluff in Potter Crest. Swedish-finished maple floors, newly installed carpeting & slate entry all give a sense of luxury underfoot. DeWils Shaker maple cabinetry, stainless appliances including SubZero & Viking, & a tall center island w/granite countertop will tempt the most creative cook. (For those who would like a shorter center island it can be lowered 3 inches.) The 2 story family room offers soaring windows to take in the view while also enjoying a magnificent slate surrounded fireplace with custom maple cabinetry. The cheery breakfast area will be hard to leave as its numerous windows bring sunshine and views to every meal. The elegant primary suite offers a magnificent view with sitting area to take it all in. The bath features two individual vanities, a jetted tub with its own view, separate shower and enormous walk-in-closet. A charming loft area is perfect for a cozy getaway or study and overlooks the 2 story family room with spectacular views. A large finished walk-out basement also with Turnagain Arm views offers multiple usage possibilities currently with one bedroom and bath, multiple storage rooms and huge recreation room and mechanical room with several new or newer appliances. The spectacular and spacious south-facing deck offers endless views of mountains and inlet. The carefully planted spruce & birch trees provide privacy as well as a sense of living in nature's abundance. The beautiful mature landscaping features rock gardens, graveled paths and walkways circling the home. Situated on a quiet cul de sac overlooking Turnagain Arm, the newly paved driveway only weeks old invites you home to this exceptional property offering the finest of Alaskan living. Come home to 4742 Potter Crest Circle.

4742 Potter Crest Circle, Anchorage

Listing Office The Agency Anchorage
$1,150,000
6 Beds ⋅ 5 Baths ⋅ 26-11273 MLS
IMAGINE coming home to a private retreat tucked among mature trees in one of Anchorage's most sought-after settings. This distinctive Tudor-style home offers timeless character, expansive outdoor space and an ADU for added flexibility. Enjoy peaceful wooded surroundings, room to spread out, and a property that feels worlds away while keeping you close to it all. A rare blend of space and privacy. Beyond the trees, this distinctive Tudor-style home feels more like a private retreat than an Anchorage address. Mature spruce and birch surround the property, creating a sense of separation and privacy while still keeping you close to everything South Anchorage has to offer. The home is filled with personality and architectural character, from rich woodwork and stone accents to vaulted spaces, expansive windows and multiple gathering areas designed to feel both substantial and comfortable. Fireplaces anchor the living spaces, while the kitchen brings together warm cabinetry, tile granite surfaces, generous workspace and details that complement the character of the home. Outside, the setting is just as compelling. Expansive lawn areas transition into a naturally wooded perimeter, creating room to enjoy the outdoors without sacrificing privacy. Multiple decks and balconies provide additional places to take in the surroundings, while the generous parking and outdoor space offer flexibility for the vehicles, recreational equipment and Alaska toys that come with life here. One of the property's standout features is the ADU, adding another layer of versatility to the home. Whether used for guests, extended stays, a private workspace or additional living arrangements, it provides options that are increasingly difficult to find. This is not a cookie-cutter home. It is a property with presence, space and unmistakable character--offering the feeling of being tucked away in the woods while remaining firmly connected to Anchorage.

4830 O'Malley Road, Anchorage

Listing Office Jack White Real Estate
$650,000
5 Beds ⋅ 5 Baths ⋅ 26-11064 MLS
Multi-generational home next door to Fish Creek Trail entrance & at the end of a dead-end! Rare Turnagain 3,790 SF 2-unit home w/ flexible living & income potential. Spacious main home + private downstairs unit, 5 full bathrooms, W/D, skylights & abundant storage. Master bedroom huge ''wing'', oversized garage, & large fenced yard. Live in it, rent part of it, or bring family together. Newer water heater, furnace and appliances. Home is currently set up as a duplex with separate entrances. There was a spiral staircase that connected upstairs and downstairs in the past

2506 W 34th Avenue, Anchorage

Listing Office KW Regal North Commercial
$1,190,000
9 Beds ⋅ 7 Baths ⋅ 26-10768 MLS
A rare offering in South Anchorage, this expansive 9-bedroom, 7-bath residence combines impressive scale w/a remarkably versatile floor plan. Offering approximately 7,197 total sqft, including 5,026 sqft of finished living space & 2,171 sqft of unfinished basement, along w/a 3-car garage & ADU, the home provides an extraordinary range of options for living, working & entertainment. See supplement. At the heart of the home, a dramatic two-story living room is filled with natural light from a wall of windows. Soaring ceilings, an open staircase and contemporary two-way fireplace create a striking gathering space that connects beautifully with the dining and kitchen areas. The spacious kitchen is designed for serious cooking and entertaining, featuring 42-inch hickory cabinetry with custom pull-outs and storage, stainless appliances, a large island with seating, Thermador 6-burner gas range with pot filler, ice machine and much more. The open-concept design provides visual continuity throughout the kitchen, dining and living areas. The home's floor plan offers exceptional flexibility, with multiple living areas, a dedicated office/bedroom and flex/bonus space on the basement level. The variety of rooms easily accommodates guests, work-from-home needs, recreation, hobbies and other uses. The ADU adds even greater versatility with its own living and dining area, kitchenette and bedroom--an excellent option for guests, extended stays or multi-generational living arrangements. The 2,171-square-foot unfinished basement area offers significant potential for future expansion, recreation, a workshop, storage or customization to suit the next owner's needs. Substantial, distinctive and exceptionally versatile, this South Anchorage home offers a combination of size, functionality and future potential that is difficult to find.

2640 E 112th Avenue, Anchorage

Listing Office Keller Williams Realty Alaska Group
$999,900
4 Beds ⋅ 4 Baths ⋅ 26-10729 MLS
Elevated hillside ranch with panoramic views of Anchorage, Cook Inlet, and the Alaska Range. Radiant in-floor heat, Brazilian cherry floors, and refined architectural details throughout. Chef's kitchen with premium stainless appliances, black granite, and walk-in pantry. Elegant primary suite and private theater room. Back up generator and beautiful landscaping complete this home.

5805 Prominence Pointe Drive, Anchorage

Listing Office Real Broker Alaska
$485,000
4 Beds ⋅ 4 Baths ⋅ 26-10677 MLS
Rare opportunity in a desirable Hillside neighborhood! This 4,000+ SF home sits on 1.17 acres and offers abundant space, distinctive character, and a layout suited for an ADU or in-law suite. Includes a 630 SF detached garage/shop and a recently replaced roof. Sold as-is and in need of substantial work--ideal for a capable buyer ready to take on a large project.

10601 Elies Drive, Anchorage

Listing Office RealtySimple
$1,099,000
5 Beds ⋅ 5 Baths ⋅ 26-10641 MLS
Some homes check boxes. This one creates a lifestyle. Tucked into the hillside of Goldenview Park, this 5-bedroom, 5-bathroom home delivers space that feels intentional and views that stop conversation, corner lot, mountain ridgelines, main floor ensuite, private owners' suite, and basement theater give every level a clear purpose, while a heated 3 car garage keep daily life easy. Over 4,000 sq ft in one of South Anchorages most consistent and desirable neighborhoods, minutes from top-rated schools and Goldenview Community Park. Quiet streets, inlet views, and room to live well.

16220 Noble Point Drive, Anchorage

Listing Office Real Broker Alaska
$895,000
5 Beds ⋅ 5 Baths ⋅ 26-10395 MLS
Extensively renovated in 2023, this property offers an incredible combination of modern living space, income potential, and room for all the Alaska toys! The 2,500 SF main home features 4 bedrooms, 3 bathrooms, and two separate living areas, including a downstairs movie/den space. *See more The renovation included a beautifully remodeled kitchen, matching luxury vinyl flooring throughout, heated entry floor, and beautiful handmade banister that makes an immediate impression when you walk in. Also completed in 2023 was the addition of a 980 SF ADU with its own private entrance. Currently fully furnished and set up for Airbnb use, the ADU features a large bedroom with a huge walk-in closet, full bathroom with soaker tub, beautiful kitchen, pantry, entry closet, and its own laundry area. Furnishings are available for purchase separately, offering the opportunity for a nearly turnkey furnished rental or an ideal space for extended family. The main home includes an attached 2-car garage with laundry and a rear work/storage area, PLUS the addition of a massive separate 3-car+ shop with its own bathroom. Extensive custom cabinetry and built-in storage in the shop stay with the property. Outside, enjoy a fenced yard, sunny back deck, hot-tub pad with electrical hookup, RV storage along the side of the property, and additional fenced ATV storage behind the home. A truly unique property offering updated living space, a separate ADU, exceptional garage/shop space, and the flexibility for rental income, multigenerational living, or simply more room to spread out.

7800 Wisteria Street, Anchorage

Listing Office Herrington and Company, LLC
$1,065,000
5 Beds ⋅ 5 Baths ⋅ 26-10366 MLS
South Anchorage NEW construction. Luxurious 2-story home with 900 SF ADU, ideal for multigenerational living or guests. Main home offers 3 BR, 2.5 BA, 2-car gar, primary ste balcony & lower deck. 1 level ADU features 2 BR, 2 BA, 1-car gar & deck. Both kitchens are chef-worthy! Plush lawn, RV parking & mature trees create a beautiful parklike setting. Seller offering $10,000 closing assistance!

11303 Willene Drive, Anchorage

Listing Office Jack White Real Estate
$1,089,000
6 Beds ⋅ 4 Baths ⋅ 26-10297 MLS
Discover an exceptional opportunity in one of Turnagain's most desirable settings, where effortless access to downtown and the airport meets the tranquility of a private natural retreat. Thoughtfully cared for and filled with beautiful natural light, this inviting three-story home features soaring 18-foot ceilings and a versatile floor plan designed to accommodate a variety of lifestyles. Generously sized bedrooms throughout the home provide abundant storage, while beautifully remodeled bathrooms bring a refined, spa-like feel. The primary suite is a true retreat, featuring a luxurious shower with three shower heads, sophisticated Pental tile, premium Grohe fixtures, and durable, low-maintenance finishes. Fresh paint and new flooring throughout create a polished, contemporary feel while preserving the warmth and character of the home. The lower level offers exceptional flexibility, with two bedrooms, a bathroom, kitchenette, a private entrance, and the potential to function as a separate apartment--ideal for multigenerational living, guests, rental income, or a home-based business. Step outside onto the deck and enjoy a remarkably peaceful setting surrounded by mature trees and a gently running creek--an idyllic backdrop for morning coffee, evening gatherings, or simply unwinding in nature. A finished three-car garage provides exceptional space for vehicles, storage, hobbies, and Alaska recreational gear. Located near the Coastal Trail, Westchester Lagoon, and neighborhood parks, this home makes it easy to enjoy some of Anchorage's best outdoor recreation while remaining just minutes from restaurants, shopping, and entertainment. With no HOA restrictions, this distinctive Turnagain property offers a rare combination of space, flexibility, privacy, natural beauty, and convenience.

2940 Captain Cook Estates Circle, Anchorage

Listing Office RealtySimple
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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: