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Listed by Nic Williams • THE REAL ESTATE COLLECTIVE
$349,000
Est. payment /mo
4 Beds
3 Baths
1,440 SqFt
Active
298 W 5TH AVENUE North Pole, AK 99705
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Key Details
Property Type Multi-Family
Sub Type TRIPLEX
Listing Status Active
Purchase Type For Sale
Square Footage 1,440 sqft
Price per Sqft $242
Subdivision Ak
MLS Listing ID 158215
Bedrooms 4
Construction Status 2x6
Year Built 1957
Lot Size 0.315 Acres
Acres 0.315
Property Sub-Type TRIPLEX
Property Description
Attention investors—don't miss this income-generating triplex at 298 West 5th Avenue in North Pole, Alaska, listed at $349,000. With two of the three units already rented and the third available for owner occupancy or immediate leasing, this property offers strong potential for both cash flow and long-term equity. Situated on 0.30 acres with durable 2x6 construction, the building includes a total of four bedrooms and three bathrooms, with ample parking for up to eight vehicles. The layout consists of three side-by-side units: Unit 3 is a spacious two-bedroom, one-bathroom residence, while Units 1 and 2 are efficient one-bedroom, one-bathroom apartments. Whether you're looking to house hack by living in one unit while the others help pay the mortgage, or fully lease the property for passive income, this triplex provides flexibility and low overhead. Located just minutes from both Fort Wainwright and Eielson Air Force Base, it's an ideal location for attracting military tenants, and the rental history reflects consistent demand. The property is easy to maintain, cost-effective to operate, and primed for reliable returns. A virtual tour is available in the link—be sure to check it out and see why this North Pole property is a smart addition to any portfolio. rents are currently $1600 for the 2 bed unit and $1400 for the 1 bed units.
Location
State AK
Area City Of N.P.
Zoning Two-Family Residential District
Interior
Heating Monitor/Toyo
Exterior
Exterior Feature Shed
Parking Features None
Roof Type Metal
Total Parking Spaces 7
Building
Foundation Concrete Block
Water Public
Construction Status 2x6
Schools
Elementary Schools North Pole
Middle Schools N. Pole Middle
High Schools N. Pole High
Others
Virtual Tour https://www.zillow.com/view-3d-home/6afc5d57-65b3-4813-a95e-ce1555f31550?setAttribution=mls&wl=true&utm_source=dashboard