3941 Merrill Drive, Anchorage, AK 99517

$650,000
Property Type: Multi-Family Bedrooms: 4 Baths: 4 Square Footage: 1,904 Lot Size (sq. ft.): 10,091 Status: Coming Soon
Current Price: $650,000 Last Modified: 8/13/2026

Overview

Description

Don't miss out on this unicorn of a property. Hard to find 4plex with garages that cashflows at this price point and is well kept with newer bedroom windows, a new boiler, roof maintenance kept up on, new flooring and extremely low wear for it's age. All units are fully furnished and monthly rents average over $2,000! This building is a cash cow with big CapEx items accounted for!

Listing Details MLS# 26-10271

Contract Info

Price-List
650000
Concessions YN
Yes
Date-Listing
2026-08-12
Foreclosure/Bank Own
No

Location Tax and Legal

Area
10 - Spenard
Street #
3941
Street Name
Merrill
Arterial
Drive
Closest USPS Town
Anchorage
State
AK
Zip Code
99517

Property Info

Realtor.com Type
Multi-Family
Construction Status
Existing Structure
Beds
4
Bathrooms Full
4
Bathrooms Total
4
Bldgs-Ttl #
Yes
Year Built
1964
Year Updated
2026
SF-Res
1904
Number of Units
4
SF-Lot
10091
Acres
0.23
Garage Spaces
4
Prkg Spcs
8
Lot Area Source
Tax Authority
Zoning
R2M - Multi Family Residential
Bathrooms Half
0
Bathrooms Three Quarter
0
Carport Spaces
0

Directions and Remarks

Directions
West on Spenard, Right on Turnagain Blvd East, property is on the Left. Address of the 2 units are 3940 and 3942 East Turnagain Blvd East

Building Info

Builder Name & Co
Jack Stephl

Unit #1

Bath - Full
Yes
Bedroom
Yes
Living Room
Yes
Garage
Yes
Parking Spaces
2

More Information

Unit #2

Bath - Full
Yes
Bedroom
Yes
Kitchen
Yes
Living Room
Yes
Garage
Yes
Parking Spaces
2

Unit #3

Bath - Full
Yes
Bedroom
Yes
Kitchen
Yes
Living Room
Yes
Garage
Yes
Parking Spaces
2

Unit #4

Bath - Full
Yes
Bedroom
Yes
Kitchen
Yes
Living Room
Yes
Garage
Yes
Parking Spaces
2

Location, Tax and Legal

Region
1 - Southcentral Alaska Region
Borough/Census Area
1A - Anchorage Municipality
Grid # (Muni Anch)
SW1727
Tax Map #-Mat-Su
N/A
Legal
Broadmoor Estates #1 L3 B8
Taxes (Estimated)
8062
Tax Year
2026
School-Elementary
Lake Hood
School-Middle
Romig
School-High
West Anchorage

Multi-Family Type

Quadruplex
Yes
Ranch
Yes

To Show

ShowingTime
Yes

Listing Terms Financing

AHFC
Yes
Cash
Yes
Conventional
Yes
FHA
Yes
VA Loan
Yes

Heating

Baseboard
Yes

Topography

Level
Yes

Foundation Type

Block
Yes

Wtrfrnt-Access Near

None
Yes

Garage Type

Attached
Yes

Wtrfrnt-Frontage

None
Yes

Carport Type

None
Yes

Flooring

Carpet
Yes
Laminate
Yes
Luxury Vinyl
Yes

Sewer-Type

Public Sewer
Yes

Water Source

Public
Yes

Access Type

Maintained
Yes

Features-MultiFamily

CO Detector(s)
Yes
In City Limits
Yes
Laundry Facility
Yes

Docs Avl for Review

As-Built
Yes

Property Features

Multi-Family Type: Quadruplex; Ranch Foundation Type: Block Garage Type: Attached Carport Type: None Heating: Baseboard Sewer-Type: Public Sewer Water Source: Public Access Type: Maintained Topography: Level Wtrfrnt-Frontage: None Wtrfrnt-Access Near: None Features-MultiFamily: CO Detector(s); In City Limits; Laundry Facility Flooring: Carpet; Laminate; Luxury Vinyl To Show: ShowingTime Docs Avl for Review: As-Built Listing Terms Financing: AHFC; Cash; Conventional; FHA; VA Loan
IDX
Listing Office: Real Broker Alaska
Last Updated: August - 13 - 2026
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 the site owner are marked with 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. Site contains live data.