Fourplex for Sale in Anchorage, AK – 4004 Cope St Investment Opportunity

If you’re searching for a multifamily investment property in Anchorage, Alaska, 4004 Cope St presents a strong opportunity. Listed at $635,000, this fourplex offers size, location, and long-term rental potential in the desirable Spenard / Willowcrest area of Anchorage.

This income-producing property is ideal for investors looking to expand their portfolio or buyers interested in owner-occupying one unit while renting the others.

Property Details – 4004 Cope St, Anchorage, AK 99503

• Property Type: Fourplex / Multi-Family

• Bedrooms: 9 total

• Bathrooms: 4 total

• Total Living Area: 4,208 square feet

• Year Built: 1969

• Subdivision: Willowcrest (Area 10 – Spenard)

• MLS #: 26-1443

• List Price: $635,000

• Approximate Price Per Square Foot: $150

This property has been owned and maintained by the same long-term owner for more than two decades. Tenants are primarily on month-to-month agreements, offering flexibility for a future owner while maintaining steady rental income.

Prime Location in Spenard / Midtown Anchorage

4004 Cope St is located in a central Anchorage neighborhood known for accessibility and rental demand. The Spenard and Midtown areas remain consistently attractive to tenants due to:

• Proximity to Downtown Anchorage

• Easy access to Tudor Road and major commuting routes

• Nearby shopping, dining, and services

• Close access to schools including Willow Crest Elementary, Romig Middle School, and West Anchorage High School

The central location supports long-term rental stability and consistent occupancy, which is critical for multifamily investors.

Why This Anchorage Fourplex Stands Out

Multifamily properties of this size are not as common in Anchorage’s inventory, especially those with established rental history. With over 4,200 square feet and nine total bedrooms across four units, this property offers diversified rental income under one roof.

Key investment highlights include:

• Proven long-term ownership and maintenance history

• Established tenant base

• Strong central Anchorage location

• Multiple financing options, including conventional, VA, AHFC, cash, and potential 1031 exchange eligibility

For investors analyzing cap rate and cash flow potential in Anchorage, this property deserves consideration.

Anchorage Multifamily Investment Outlook

Anchorage continues to show resilience in its rental market, supported by a mix of local employment, healthcare, education, and military presence. Centrally located multifamily properties often perform well due to demand for convenience and accessibility.

Whether you are building a long-term buy-and-hold portfolio or seeking a value-add opportunity, this fourplex offers strong fundamentals.

Schedule a Showing – 4004 Cope St Anchorage

If you are interested in touring this fourplex or would like additional information including current rent rolls and operating expenses, reach out directly.

Multifamily investment properties in central Anchorage move quickly, especially those priced competitively relative to square footage and location.