Tour
$10,000 Closing Credit¹
#24-8699, Listing Office: Spire Commercial
$2,350,000 List price
409 W Northern Lights Blvd Anchorage, AK 99503
$10,000
Closing credit¹
10 beds
10 full, 2 partial
14,200 sqft
0.7 acres
$165 / sqft
Multi-Family
Property details
About 409 W Northern Lights Blvd
Excellent cash flow from long-term tenants at this AAA location mixed-use investment. The property includes retail, office, shop, and 2nd-floor residential units-newly remodeled with strong lease history and meticulous maintenance. Vacant lot included currently used for snow storage. Priced to sell at $2.35M (8.4% Cap Rate). Please don' disturb tenants, see package attached. Financials available.
Highlights
Home typeMulti Family
HeatingBaseboard
StatusActive
Size14,200 sqft
Lot size0.74 Acres
Year built1964
MLS #24-14671
Garage2 spaces
Summary
- Partial Bathrooms: 2
- Full Bathrooms: 10
- Total Bedroom Count: 10
- Garage Space: 2 spaces
- Heating: Baseboard
- List Price: $2,350,000
- Price/SqFt: $165
- Annual Tax Amount: $9,827
- Tax Year: 2024
- Directions: North side of Northern Lights just west of Blueberry.
- Year Built: 1964
- Living Area: 14,200 SqFt
- Lot Size: 0.74 Acres
- MLS Number: 24-14671
- MLS Name: Alaska Multiple Listing Service
- Office Name: Jack White Commercial
- Office Phone: (907) 563-5500
- Office Email: receptionist@jackwhite.com
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 this broker 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. All square footages are approximations. School boundaries are subject to change. Information is not guaranteed and should be independently verified for accuracy.
Copyright 2025 Alaska Multiple Listing Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/3/2025, 9:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,350,000
409 W Northern Lights Blvd
$10,000
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $608,700 | $9,827 |
| 2023 | $582,400 | $9,918 |
| 2022 | $564,100 | $9,499 |
| 2021 | $587,900 | $10,593 |
| 2020 | $603,000 | $9,644 |
| 2019 | $599,900 | $9,644 |
| 2018 | $588,100 | $9,644 |
| 2017 | $566,800 | $8,876 |
History based on county public records data.
Nearby schools
4
North Star Elementary School
Public District PK-6
0.3 mi
•605 W Fireweed Ln
7
Aquarian Charter School
Public Charter KG-6
0.9 mi
•1705 W 32nd Ave
9
Chugach Optional Elementary School
Public Magnet PK-6
1.0 mi
•1205 E St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $37,216. The most common annual income of people living in Anchorage, AK is between $35k-100k. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
47%
<35k
50%
35k-100k
3%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
75%
Single, No Kids
13%
Single, with Kids
8%
Married, No Kids
4%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
4%
12-17 yrs old
37%
18-34 yrs old
44%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
NBA/WNBA
Pro Wrestling
Pro Boxing
Where do the neighbors shop?
Express/Express For Men
Burlington
Forever 21
Where do the neighbors go to eat?
Starbucks
Cicis Pizza
Popeyes
What do the neighbors drive?
Pontiac
Dodge
Mazda
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
Jazz
All data provided by Home Junction and Claritas
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This home is located at 409 W Northern Lights Blvd in Anchorage, AK and zip code 99503 in the North Star neighborhood. This 14,200 square foot home, which was built in 1964, sits on a 0.74 acre lot. Features: 10 bedrooms, 12 bathrooms. It has been listed on Rocket Homes since December 5, 2024 and is currently priced at $2,350,000.
The inventory of homes for sale in Anchorage, AK between March and April 2025 increased by 3.3%. In April 2025 median list price was $399,986 and the average listing age was 61 days.
From Rocket Homes Real Estate and based on county public records data.