5559 Penn Circle, Anchorage, AK 99504

$539,000
Property Type: Multi-Family Bedrooms: 6 Baths: 2 Square Footage: 2,064 Lot Size (sq. ft.): 8,600 Status: Closed
Current Price: $539,000 Last Modified: 8/15/2026

Overview

Description

Excellent investment opportunity in East Anchorage! This spacious duplex features two well-designed units, each offering 3 bedrooms, 1 bathroom, and over 1,032 square feet of comfortable living space--ideal for owner-occupants or investors seeking strong income potential. Each unit offers functional layouts with generous living areas designed for everyday convenience. With potential for short-term

Supplements: rental use, this property provides added flexibility for maximizing cash flow. No CC&Rs means greater freedom for property use and management. The property includes a 2-car garage plus additional RV parking, offering ample space for vehicles, recreational gear, or tenant storage. Conveniently located near schools, parks, shopping, and major commut ...

Listing Details MLS# 26-8121

Contract Info

Price-List
539000
Date-Listing
2026-07-03
Foreclosure/Bank Own
No

Sold Info

Date-Pending
2026-07-14
Date-Closing
2026-08-14

Location Tax and Legal

Area
45 - Boniface Pkwy to Muldoon Rd
Street #
5559
Street Name
Penn
Arterial
Circle
Closest USPS Town
Anchorage
State
AK
Zip Code
99504
Subdivision Name
Nunaka Valley

Property Info

Realtor.com Type
Multi-Family
Construction Status
Existing Structure
Beds
6
Bathrooms Full
2
Bathrooms Total
2
Bldgs-Ttl #
Yes
Year Built
1970
Year Updated
2026
SF-Res
2064
Number of Units
2
SF-Lot
8600
Acres
0.2
Garage Spaces
2
Prkg Spcs
6
Lot Area Source
Tax Authority
Zoning
R2A - Two Family Residential
Bathrooms Half
0
Bathrooms Three Quarter
0
Carport Spaces
0

Directions and Remarks

Directions
Northern Lights to Boniface. Turn Right on E 24th, Immediate left on Pembroke Street. Turn Right on E 20th. Property on right corner of E 20th/Penn Circle.

Building Info

Units-# of 3 BR
2

More Information

Unit #1

Bath - Full
Yes
Bedroom
3
Dining Room
Yes
Kitchen
Yes
Living Room
Yes
Garage
Yes
Parking Spaces
3

Unit #2

Bath - Full
Yes
Bedroom
3
Dining Room
Yes
Kitchen
Yes
Living Room
Yes
Garage
Yes
Parking Spaces
3

Currently Not Used

Subdivision Name
Nunaka Valley

Location, Tax and Legal

Region
1 - Southcentral Alaska Region
Borough/Census Area
1A - Anchorage Municipality
Grid # (Muni Anch)
SW1538
Tax Map #-Mat-Su
N/A
Legal
College Park Subdivision L8 B1
Taxes (Estimated)
5179
Tax Year
2026
School-Elementary
Nunaka Valley
School-Middle
Clark
School-High
Bartlett

Multi-Family Type

Up and Down
Yes

To Show

ShowingTime
Yes

Listing Terms Financing

1031 Exchange
Yes
AHFC
Yes
Cash
Yes
Conventional
Yes
FHA
Yes
VA Loan
Yes

Heating

Baseboard
Yes

Topography

Level
Yes

Roof Type

Asphalt
Yes

Construction Type

Wood Frame
Yes

Foundation Type

Poured Concrete
Yes

View Type

Mountains
Yes

Wtrfrnt-Access Near

None
Yes

Garage Type

Attached
Yes

Wtrfrnt-Frontage

None
Yes

Flooring

Carpet
Yes
Luxury Vinyl
Yes
Vinyl
Yes

Sewer-Type

Public Sewer
Yes

Water Source

Public
Yes

Access Type

Paved
Yes
Maintained
Yes

Features-MultiFamily

In City Limits
Yes
Washer/Dryer
Yes
Washer/Dryer HkUp
Yes
Paved Driveway
Yes
RV Parking
Yes

Property Features

Multi-Family Type: Up and Down Roof Type: Asphalt Foundation Type: Poured Concrete Construction Type: Wood Frame Garage Type: Attached Heating: Baseboard Sewer-Type: Public Sewer Water Source: Public Access Type: Paved; Maintained View Type: Mountains Topography: Level Wtrfrnt-Frontage: None Wtrfrnt-Access Near: None Features-MultiFamily: In City Limits; Washer/Dryer; Washer/Dryer HkUp; Paved Driveway; RV Parking Flooring: Carpet; Luxury Vinyl; Vinyl To Show: ShowingTime Listing Terms Financing: 1031 Exchange; AHFC; Cash; Conventional; FHA; VA Loan
IDX
Listing Office: Alaska Real Estate Associates, LLC
Last Updated: August - 15 - 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.