5500 E 40th Ave, Anchorage, AK 99504
OFF MARKET

5500 E 40th Ave
Anchorage, AK 99504

University Area
  • 1 Bed
  • 1 Bath
  • 1,034 sqft (on 0.52 acres)

$374,800

Trulia Estimate
as of May 11, 2026
Est. Refi. Payment $2,331/mo*
Refinance Your Home

$374,800

Trulia Estimate
as of May 11, 2026
Est. Refi. Payment $2,331/mo*
Refinance Your Home
1 Bed
1 Bath
1,034 sqft
(on 0.52 acres)

Homes for sale near 5500 E 40th Ave

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Apartments for Rent

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Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Cute little Chalet Home on half acre, multi-family, investment lot (should accommodate 8 units). Property offered strictly AS-IS with Owner Finance $30,000 down. Investor owned with Waiver of Property Disclosure.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
No Info

Home Details for 5500 E 40th Ave

Interior Features

Heating & Cooling
Heating: Other, OtherAir ConditioningCooling System: CentralHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 2
Interior Details
AtticNumber of Rooms: 4
Fireplace & Spa
Fireplace

Property Information

Year Built
Year Built: 1968Year Updated: 1978
Property Type / Style
Property Type: Single Family HomeArchitecture: Other

Exterior Features

Exterior Home Features
Exterior: Wood
Parking & Garage
GarageParking: Garage Attached

Community

Units in Building: 1

Lot Information

Lot Area: 0.52 acres

Price History for 5500 E 40th Ave

DatePriceEventSource
01/17/2013--Sold
N/A
03/21/2012--Sold
AKMLS #12-503
01/20/2012$190,000Listed For SaleAgent Provided
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Property Tax and Assessment

Year2025
Tax$5,631
Assessment$356,600
Home facts updated by county records

Comparable Sales for 5500 E 40th Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
5708 Kennyhill Dr, Anchorage, AK
0.54
Single-Family Home
-
04/03/26
3
1
1,134
4100 McLean Pl, Anchorage, AK
0.27
Single-Family Home
-
01/20/26
3
2
1,464
3809 Campbell Airstrip Rd, Anchorage, AK
0.44
Single-Family Home
-
09/30/25
4
2
1,920
5961 Ridgelake Cir, Anchorage, AK
0.29
Single-Family Home
-
07/22/25
3
2
1,443
5116 Rhyner Ct, Anchorage, AK
0.84
Single-Family Home
-
12/30/25
2
1
1,056
3651 Mirage Cir, Anchorage, AK
0.26
Single-Family Home
-
01/27/26
3
2
1,332
3910 Image Dr, Anchorage, AK
0.21
Single-Family Home
-
09/25/25
3
2
1,707
3708 Checkmate Dr, Anchorage, AK
0.32
Single-Family Home
-
11/14/25
4
2
1,856
5240 E 42nd Ave, Anchorage, AK
0.20
Single-Family Home
-
03/06/26
4
3
2,012
4109 McLean Pl, Anchorage, AK
0.27
Single-Family Home
-
02/13/26
3
2
1,536

Assigned Schools

These are the assigned schools for 5500 E 40th Ave.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

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

What Locals Say about University Area

At least 18 Trulia users voted on each feature.

  • 94 % Say parking is easy

  • 92 % Say it's dog friendly

  • 90 % Say yards are well-kept

  • 82 % Say car is needed

  • 75 % Say there's holiday spirit

  • 73 % Say kids play outside

  • 71 % Say streets are well-lit

  • 69 % Say there's wildlife

  • 69 % Say people would walk alone at night

  • 66 % Say neighbors are friendly

  • 59 % Say there are sidewalks

  • 50 % Say they plan to stay for at least 5 years

  • 48 % Say it's walkable to restaurants

  • 47 % Say it's quiet

  • 36 % Say there are community events

  • 13 % Say it's walkable to grocery stores

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

LGBTQ Local Legal Protections

Homes for rent near 5500 E 40th Ave

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Off Market Homes Near 5500 E 40th Ave

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Explore by feature

5500 E 40th Ave, Anchorage, AK 99504 is a 1 bedroom, 1 bathroom, 1,034 sqft single-family home built in 1968. 5500 E 40th Ave is located in University Area, Anchorage. This property is not currently available for sale. 5500 E 40th Ave was last sold on Jan 17, 2013 for $117,000. The current Trulia Estimate for 5500 E 40th Ave is $374,800.