5501 E 40th Ave #1, Anchorage, AK 99504
Property image
Property image
OFF MARKET

5501 E 40th Ave #1
Anchorage, AK 99504

University Area
  • 2 Beds
  • 1 Bath
  • 950 sqft
2 Beds
1 Bath
950 sqft

Local Information

  • Map ViewExplore the area around 5501 E 40th Ave #1.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

Well maintained property near U-Med District and JBER military base as well as running/skiing/biking trails make this desirable for the outdoor enthusiast. Easy access to midtown and nearby restaurants and shopping center for the busy person.
New carpet/wood flooring and fixtures, as well as freshly painted throughout this open floor plan 2 bedroom unfurnished apartment in a security entrance 8 plex. Included is a washer/dryer, fireplace with granite hearth and granite bathroom countertop, vaulted ceiling and carport with additional onsite parking. Large deck off living room with lots of sun.
Each unit has a locked storage attached to the building.

Veteran Owned and Managed

Owner pays all utilities including gas hot water baseboard heat, water, trash. Tenant pays electric only.
5501 E 40th Ave #1, Anchorage, AK 99504 is a 2 bedroom, 1 bathroom, 950 sqft apartment in University Area. More recently, it was listed as a rental in September 2024 with an asking price of $1,675 per month. That rental listing was removed on September 28, 2024. It is currently off market. The Trulia Estimate rent is $1,734/month.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 5501 E 40th Ave #1

Interior Features

Heating & Cooling
Heating: BaseboardHeating Fuel: Baseboard
Appliances & Utilities
DishwasherDryerRefrigeratorWasher
Levels, Entrance, & Accessibility
Floors: Carpet, Hardwood

Property Information

Property Type / Style
Property Type: Apartment

Rental Terms, Policies & Fees

Lease Term: 1 YearAvailable: now

Price History for 5501 E 40th Ave #1

DatePriceEventSource
09/28/2024$1,675ListingRemovedZillow Rentals
09/22/2024$1,675Listed For RentZillow Rentals

Market trends in Anchorage

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$395K
$3.33KMoM
Sale-to-List Price
100.0%
Price per sq ft
$251
$3MoM
Available listings
541
30MoM
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Comparable Sales for 5501 E 40th Ave #1

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
4111 Grape Pl #2, Anchorage, AK
2.53
Apartment
-
09/05/25
3
1
976
Home facts updated by county records

Nearby homes

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Assigned Schools

These are the assigned schools for 5501 E 40th Ave #1.
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

  • 83 % Say car is needed

  • 73 % Say kids play outside

  • 72 % Say there's holiday spirit

  • 71 % Say streets are well-lit

  • 69 % Say there's wildlife

  • 67 % Say people would walk alone at night

  • 66 % Say neighbors are friendly

  • 61 % 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

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 5501 E 40th Ave #1

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Off Market Homes Near 5501 E 40th Ave #1

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