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Investment Highlights

  • Prime downtown location with strong rental demand and long-term appreciation potential.
  • Five-car garage and abundant tenant storage, providing valuable amenities that enhance tenant retention and property appeal.
  • Enclosed, south-facing backyard offering an attractive shared outdoor amenity.
  • Expansive penthouse owner/manager residence featuring vaulted beamed ceilings, a sunroom, and a private south-facing rooftop deck.
  • On-site laundry facility with capacity to add additional washers and dryers, creating potential for increased ancillary income.
  • Multiple income streams with opportunities to enhance cash flow through operational improvements.

Executive Summary

Premier Downtown Investment Opportunity!!
Exceptional downtown income property offering strong cash-flow potential and a standout owner's residence. The expansive penthouse manager/owner's suite features stunning beamed ceilings, a bright sunroom, and an impressive south-facing rooftop deck—perfect for relaxing or entertaining while enjoying abundant natural light.
Designed with both investors and tenants in mind, the property includes a spacious five-car garage, generous tenant storage, and an on-site laundry room with room to add additional washers and dryers for increased income potential. An enclosed, south-facing backyard provides a private outdoor space that enhances tenant appeal.
A rare opportunity to own a well-appointed investment property that combines premium owner accommodations with desirable tenant amenities in an exceptional downtown location.

Property Facts

Sale Type Investment
Sale Condition 1031 Exchange
No. Units 11
Property Type
Multifamily
  • Multifamily Apartments
Lot Size 0.24 AC
Building Size 9,245 SF
Average Occupancy 100%
No. Stories 2
Year Built 1965
Parking Ratio 0.54/1,000 SF
Opportunity Zone Yes
Zoning R4 - Mulitple Family Residential

Amenities

  • Smoke Detector

Unit Amenities

  • Balcony
  • Cable Ready
  • Dishwasher
  • Fireplace
  • Storage Space
  • Heating
  • Kitchen
  • Sunroom
  • Carpet
  • Yard
  • Deck
  • Family Room
  • Smoke Free
  • Vinyl Flooring

Site Amenities

  • Fenced Lot
  • Laundry Facilities
  • Smoke Free
  • Walking/Biking Trails
  • Sundeck
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1.5 11 - -
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
  • Listing ID: 41114461

  • Date on Market: 2026-06-30

  • Last Updated:

  • Address: 540 Vista Glen Ct, Anchorage, AK 99501

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