2864 E 42nd Ave, Anchorage, AK 99508
Property image
Property image
OFF MARKET

2864 E 42nd Ave
Anchorage, AK 99508

University Area
  • 4 Beds
  • 2 Baths
  • 1,420 sqft (on 0.25 acres)

$496,600

Trulia Estimate
as of Aug 18, 2026
Est. Refi. Payment $3,095/mo*
Refinance Your Home

$496,600

Trulia Estimate
as of Aug 18, 2026
Est. Refi. Payment $3,095/mo*
Refinance Your Home
4 Beds
2 Baths
1,420 sqft
(on 0.25 acres)

Home Value

Trulia Estimate
$497K
Since last month
Decreased$6K (-1.1%)
Since last year
Increased$8K (+1.6%)
Since last sale
Increased$131K (+35.8%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +204% in the last 10 years
MonthEstimated value
2026
August 2026$496K
July 2026$502K
June 2026$507K
May 2026$508K
March 2026$485K
February 2026$496K
January 2026$489K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
3837 Williams St, Anchorage, AK
0.56
Multi-Family Home
-
09/30/25
4
2
1,632
3216 E 46th Ave, Anchorage, AK
0.35
Multi-Family Home
-
03/27/26
5
3
2,544
4141 Grape Pl, Anchorage, AK
0.85
Multi-Family Home
-
12/09/25
4
2
2,080
4140 Grape Pl, Anchorage, AK
0.89
Multi-Family Home
-
12/17/25
5
2
1,956
4130 Grape Pl, Anchorage, AK
0.89
Multi-Family Home
-
12/17/25
5
2
1,956
3701 Young St, Anchorage, AK
0.50
Multi-Family Home
-
04/10/26
6
3
2,968
4640 Piper St, Anchorage, AK
0.30
Multi-Family Home
-
02/02/26
12
6
4,616
4440 View Cir, Anchorage, AK
0.37
Multi-Family Home
-
10/07/25
8
7
6,398
4106 Vance Dr, Anchorage, AK
1.18
Multi-Family Home
-
07/10/26
4
2
2,112
3530 E 42nd Ave, Anchorage, AK
0.47
Multi-Family Home
-
07/11/26
12
6
6,120

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
4241 Folker St #D201, Anchorage, AK 99508
0.04
$235,000
2
2
800
For Sale
2700 E 42nd Ave #A103, Anchorage, AK 99508
0.06
-
2
2
800
Recently Sold
2700 E 42nd Ave #A204, Anchorage, AK 99508
0.06
$244,600
2
2
800
Off Market
4241 Folker St #D101, Anchorage, AK 99508
0.06
$232,900
2
2
800
Off Market
4241 Folker St #D203, Anchorage, AK 99508
0.06
-
2
2
800
Recently Sold
4211 Folker St #E102, Anchorage, AK 99508
0.06
-
1
1
642
Recently Sold
4221 Folker St #F101, Anchorage, AK 99508
0.06
$193,500
1
1
642
Off Market
4221 Folker St #F103, Anchorage, AK 99508
0.06
-
1
1
642
Recently Sold
4221 Folker St #F202, Anchorage, AK 99508
0.06
$175,800
1
1
642
Off Market
4221 Folker St #F203, Anchorage, AK 99508
0.06
$194,000
1
1
642
Off Market
4231 Folker St #G104, Anchorage, AK 99508
0.06
$230,500
2
2
802
Off Market

Local Information

  • Map ViewExplore the area around 2864 E 42nd Ave.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1963
Lot Size
0.25 acres
Living Area
1,420 sqft
Price/Sqft
$350
Parking
2 Carport Spaces

About this House

MUNI Calls it a Duplex with 2 Cabins. All 4 Units Rent! Fabulous cash flow for the investor! Super cute well done and updated 3 Small and 1 Tiny House. Each unit has one bedroom and one bathroom. Many built-ins including the beds with dressers. So very well done! Long term renters. Each unit also has its own lockable storage building.Owner occupy and live virtually free, rent as BnB's, or continue with long term rentals. Each unit has it owns heating and hot water system. There are a total of 8 raised garden beds, 7 producing apples trees, and a sweet little court yard. Units are separate buildings so no common area to be concerned about and each tenant has there own 4 walls! Next summer Muni is putting in brand new water lines and septic lines! One unit has historical interest as it once was a 10 man barracks on the base, back in the day, although hard to see that now - its beautiful! Nice walkway to each unit off the ground. Various improvements have been made throughout the years! Muni says building was built 1963, however the Tiny House was built in 1979, there was an old mobile home from 1963 that has been removed long ago! Rent all 4 to create a wonderful cash flow opportunity or live in one unit and rent the others. Great area close to medical! Units are always rented. Currently owner occupies one unit. Rents are consistent for the 3 rented units bringing in $3,400 per month. Seller pays utilities. Rents have not been increased in quite a while.
2864 E 42nd Ave, Anchorage, AK 99508 is a 4 bedroom, 4 bathroom, 1,420 sqft multi-family in University Area, built in 1963. It last sold for the $475,000 asking price on Jan 13, 2025. It is currently off market. The Trulia Estimate is $496,600, with a rent estimate of $2,209/month.

Home Details for 2864 E 42nd Ave

Interior Features

Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 4Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 1420 Square Feet
Appliances & Utilities
Appliances: Washer/DryerLaundry: Common Area
Heating & Cooling
Heating: Has Heating Unspecified TypeHas HeatingHeating Fuel: Has Heating Unspecified Type
View
No View

Exterior Features

Exterior Home Features
Roof: ShingleFoundation: Other
Parking & Garage
Number of Carport Spaces: 2Number of Covered Spaces: 2Has a CarportNo GarageNo Attached GarageParking Spaces: 2Parking: No Carport,No Garage
Frontage
Waterfront: No Access, NoneRoad Surface Type: PavedNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Topography: Level

Property Information

Year Built
Year Built: 1963Year Renovated: 2018
Property Type / Style
Property Type: Residential IncomeProperty Subtype: QuadruplexStructure Type: Quadruplex, Other - See RemarksArchitecture: Quadruplex, Other - See Remarks
Building
Construction Materials: Wood Siding, FrameNot a New Construction
Property Information
Parcel Number: 0080324100001

Price & Status

Price
List Price: $475,000

Active Status

MLS Status: Closed

Location

Direction & Address
City: Anchorage
School Information
Elementary School: Lake OtisJr High / Middle School: WendlerHigh School: Bettye Davis East Anchorage

Building

Building Area
Building Area: 1420 Square Feet

Lot Information

Lot Area: 10890 sqft

Miscellaneous

Mls Number: 24-12236
Last check for updates: about 2 hours ago
Listed by Sheila Monson
Keller Williams Realty Alaska Group of Wasilla
Bought with: Keenan W Fitzpatrick, Real Broker Alaska
Source: AKMLS, MLS#24-12236

Price and Tax history

DateEventPrice
Jan 13, 2025
Source: AKMLS #24-12236
Sold
--
Oct 17, 2024
Source: AKMLS #24-12236
Pending
$475,000
Oct 9, 2024
Source: AKMLS #24-12236
Listed For Sale
$475,000
May 1, 2012
Source: N/A
Sold
--

Market trends in Anchorage

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$417K
$21.67KMoM
Sale-to-List Price
100.0%
Price per sq ft
$255
$3MoM
Available listings
599
58MoM
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Around this home

Neighborhood Overview

University Area
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about University Area

At least 19 Trulia users voted on each feature.

  • 94 % Say parking is easy

  • 92 % Say it's dog friendly

  • 90 % Say yards are well-kept

  • 83 % Say car is needed

  • 73 % Say kids play outside

  • 72 % Say there's holiday spirit

  • 70 % Say there's wildlife

  • 69 % Say streets are well-lit

  • 67 % Say people would walk alone at night

  • 66 % Say neighbors are friendly

  • 61 % Say there are sidewalks

  • 53 % Say they plan to stay for at least 5 years

  • 50 % Say it's walkable to restaurants

  • 47 % Say it's quiet

  • 36 % Say there are community events

  • 16 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Lynda S
    "UMED district is a quiet neighborhood with several professionals living in the area as it’s close to UA and Providence. It’s close to trails. Neighbors are great and it’s pet friendly. "
    2
    Flag
  • Trulia User
    "There’s lots of trails in the area to go on runs/walks that connect to some parks. All the dogs that are in the area do seem friendly and like other dogs and children."
    0
    Flag
  • Trulia User
    "there are many families in this neighborhood, that thinks its safe, and its quiet, some parks in the area are safe"
    0
    Flag
  • Anthony L.
    "20 minute bike ride on a trail, rain or shine, winter or summer, crossing one busy road, no lights. "
    0
    Flag
  • Ahydak
    "This is a wonderful neighborhood, lots of families celebrating Halloween and other holidays. People maintain their property and are very friendly. "
    3
    Flag
  • Ahydak
    "We have lived in this neighborhood for over 11 years. Very friendly neighborhood and people take good care of their homes. "
    5
    Flag
  • Paige K.
    "It’s within walking distance of the dog park. The sidewalks and trails are well maintained. A majority of the houses have fenced yards."
    0
    Flag
  • Andrea
    "This neighborhood is prone to high crime due to large number of low income apartments and rentals nearby as well as a homeless shelter. Large numbers of homeless inebriates roam the area."
    13
    Flag
  • Devyn K.
    "I live near the hospital and traffic can be rough in the morning especially because Tudor is a very busy road but one that is most convenient for our daily commute. Other than that, I love this area so much. It’s close to APU and UAA and my work ANMC. People are friendly. The crime is low here."
    1
    Flag
  • Shawnalee W.
    "great trail access, a dog park, and a location that keeps you less than 5 mins away from universities and medical campuses, under 10 mins to midtown shopping, and about 12 mins to downtown. great location! plus we're home to East High, the most diverse high school in the country!"
    7
    Flag
  • E210wench
    "This neighborhood is 15-20 minutes in any direction from the wilds of South Central Alaska, or in Downtown Anchorage. Yet grocery stores, gas stations, schools and restaurants are within 5-8 miles. There are 2 major hospitals within walking distance for great jobs. City bus service in any direction is one block away."
    1
    Flag
  • Sarah S.
    "It seems to be a dog friendly area. I would recommend living here if you want to live close to the university and own a dog."
    0
    Flag
  • Gabby A. O.
    "The University area isn’t very dog friendly. Affordable homes that are nice don’t allow pets, but the ones that do allow pets aren’t as nice. Overall, great management but pet owners beware"
    0
    Flag
  • Queen B.
    "Lived here for a year and neighbors and friendly. Nice neighborhood and very clean. Lots of neighbors walk their dog and keep an eye out for unusual activity."
    6
    Flag
  • ak_edm
    "near a dog park, two hospital campuses, the University of Alaska campus and the Alaska Airlines Center that hosts shorts and national concert tours. "
    2
    Flag
  • Megakarl99
    "Good access to university park trails. Low traffic and road noise. Rare to see homeless roaming the neighborhood. "
    2
    Flag
  • Kerri C.
    "Great Place. Quiet, safe, close to parks, trails, the hospital, university, and not far from base. "
    2
    Flag
  • alexis m.
    "I live in the area and it is close to restaurants, universities and hospitals. The neighborhood is safe with active police officers living in the area. The drive to midtown is about 7 minutes and 10 to downtown. Close to trails for walking and bike rides."
    3
    Flag

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Apartments for Rent

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Homes for sale near 2864 E 42nd Ave

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Off Market Homes Near 2864 E 42nd Ave

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Frequently asked questions about 2864 E 42nd Ave

  • What is 2864 E 42nd Ave estimated to be worth?
    Trulia's estimated value for 2864 E 42nd Ave in Anchorage, AK is $496,600.
  • What is the price history for 2864 E 42nd Ave?
    2864 E 42nd Ave in Anchorage, AK last sold in January 2025.
  • Is Anchorage a buyer's or seller's market?
    Anchorage is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Anchorage?
    The median sale price in Anchorage is $417K. That is up $21.67K from the prior month.
  • Does 2864 E 42nd Ave have laundry facilities?
    Yes, 2864 E 42nd Ave in Anchorage, AK has laundry facilities.
  • Does 2864 E 42nd Ave have parking?
    Yes, 2864 E 42nd Ave in Anchorage, AK has on-site parking.
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 Zillow, Inc. 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. Copyright 2026 Alaska Multiple Listing Service, Inc. All rights reserved.