5531 E 40th Ave, Anchorage, AK 99504
Property image
Property image
OFF MARKET

$469,500

Trulia Estimate
  • 2 Beds
  • 1 Bath
  • 1,180 sqft

5531 E 40th Ave, Anchorage, AK 99504

University Area
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Home Value

Trulia Estimate
$470K
Since last month
Decreased$9K (-1.9%)
Since last year
Increased$10K (+2.1%)
Since last sale
Increased$347K (+277.5%)
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 +44% in the last 10 years
MonthEstimated value
2026
October 2026$472K
September 2026$470K
August 2026$481K
July 2026$483K
June 2026$481K
May 2026$480K
April 2026$472K
March 2026$466K
February 2026$462K
January 2026$459K
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
3821 Checkmate Dr, Anchorage, AK
0.28
Multi-Family Home
-
04/21/26
5
2
1,900
3948 Boniface Pkwy, Anchorage, AK
0.09
Multi-Family Home
-
12/06/25
8
4
1,972
4106 Vance Dr, Anchorage, AK
0.55
Multi-Family Home
-
07/10/26
4
2
2,112
2942 Lily St, Anchorage, AK
0.66
Multi-Family Home
-
11/28/25
5
2
1,900
6510 Carlos Ct, Anchorage, AK
0.66
Multi-Family Home
-
09/18/26
4
2
1,864
2718 Lee St, Anchorage, AK
0.77
Multi-Family Home
-
12/19/25
4
2
1,882
5013 Marlowe Ave, Anchorage, AK
0.86
Multi-Family Home
-
02/27/26
4
2
1,638
3309 Baxter Rd, Anchorage, AK
0.59
Multi-Family Home
-
06/12/26
4
2
2,886
6049 More Ln, Anchorage, AK
1.13
Multi-Family Home
-
10/30/25
4
2
1,758
5120 Hatcher Cir, Anchorage, AK
0.91
Multi-Family Home
-
12/19/25
6
2
2,400

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
3949 Bryant Ridge Pl, Anchorage, AK 99504
0.01
$491,900
4
2
2,256
Off Market
5624 E 40th Ave #D-201, Anchorage, AK 99504
0.02
$235,600
2
2
1,040
Off Market
5624 E 40th Ave #D-301, Anchorage, AK 99504
0.02
$252,600
2
2
1,047
Off Market
5626 E 40th Ave #E104, Anchorage, AK 99504
0.02
$261,500
2
2
1,066
Off Market
5626 E 40th Ave #E204, Anchorage, AK 99504
0.02
$280,300
2
2
1,100
Off Market
5626 E 40th Ave #E304, Anchorage, AK 99504
0.02
$258,600
2
2
1,096
Off Market
5626 E 40th Ave #104E, Anchorage, AK 99504
0.02
-
-
-
-
Off Market
5622 E 40th Ave #D-102, Anchorage, AK 99504
0.02
$282,600
2
2
1,100
Off Market
5622 E 40th Ave #D-202, Anchorage, AK 99504
0.02
$236,600
2
2
1,046
Off Market
5622 E 40th Ave #D-302, Anchorage, AK 99504
0.02
$247,100
2
2
1,040
Off Market
5628 E 40th Ave #E103, Anchorage, AK 99504
0.02
$243,700
2
2
1,020
Off Market
5628 E 40th Ave #E203, Anchorage, AK 99504
0.02
$252,500
2
2
1,026
Off Market
5628 E 40th Ave #E303, Anchorage, AK 99504
0.02
$253,800
2
2
1,036
Off Market
5620 E 40th Ave #C103, Anchorage, AK 99504
0.02
$247,600
2
2
1,081
Off Market
5620 E 40th Ave #C203, Anchorage, AK 99504
0.02
$260,100
2
2
1,100
Off Market
5620 E 40th Ave #C303, Anchorage, AK 99504
0.02
$280,100
2
2
1,100
Off Market
5630 E 40th Ave #E102, Anchorage, AK 99504
0.02
$258,500
2
2
1,016
Off Market
5630 E 40th Ave #E202, Anchorage, AK 99504
0.02
$257,000
2
2
1,031
Off Market
5630 E 40th Ave #E302, Anchorage, AK 99504
0.02
$252,400
2
2
1,028
Off Market
Address Not Disclosed, Anchorage, AK 99504
0.02
$253,900
2
2
1,100
Off Market

Local Information

  • Map ViewExplore the area around 5531 E 40th Ave.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 1964
1,180 sqft
$398/sqft

About this House

2 Bedroom/office 1 bathroom. Unit has new paint, carpet, and refrigerator. Unit is fully equipped, Washer/Dryer, Kitchen is also fully stocked. Unit is in a great location just, 2 miles from Providence Hospital, 1.5 miles from Joint base Elmendorf-Richardson, and 1 mile from University of Alaska Anchorage. It is also 10 minutes to Airport, and 1 miles from Carrs Grocery, Wood Burning Fireplace
5531 E 40th Ave, Anchorage, AK 99504 is a 2 bedroom, 1 bathroom, 1,180 sqft multi-family in University Area, built in 1964. It was last sold on Aug 14, 2013. More recently, it was listed as a rental in October 2013 with an asking price of $1,850 per month. That rental listing was removed on November 22, 2013. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $469,500, with a rent estimate of $1,871/month.

Home Details for 5531 E 40th Ave

Interior Features

Interior Details
BasementNumber of Rooms: 11Types of Rooms: Breakfast Nook, Office
Levels, Entrance, & Accessibility
Stories: 1Floors: Tile
Appliances & Utilities
DishwasherDryerRefrigeratorWasher
Heating & Cooling
Air ConditioningCooling System: Central
Fireplace & Spa
Fireplace
Windows, Doors, Floors & Walls
Double Paned Windows

Property Information

Year Built
Year Built: 1964Year Updated: 1969
Property Type / Style
Property Type: Multi FamilyArchitecture: split level

Exterior Features

Exterior Home Features
Exterior: WoodGarden
Parking & Garage
Parking: On Street

Community

Units in Building: 2

Lot Information

Lot Area: 10200 sqft

Additional Information

On Site Laundry Available

Price and Tax history

DateEventPrice
Nov 22, 2013
Source: Agent Provided
ListingRemoved
$1,850
Oct 25, 2013
Source: Agent Provided
Listed For Rent
$1,850
Aug 14, 2013
Source: AKMLS #13-6455
Sold
--
Oct 18, 2010
Source: N/A
Sold
--
Dec 31, 2007
Source: N/A
Sold
--

Market trends in Anchorage

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$435K
$18.33KMoM
Sale-to-List Price
100.0%
Price per sq ft
$257
$3MoM
Available listings
685
86MoM

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

LGBTQ Local Legal Protections

Frequently asked questions about 5531 E 40th Ave

  • What is 5531 E 40th Ave estimated to be worth?
    Trulia's estimated value for 5531 E 40th Ave in Anchorage, AK is $469,500.
  • What is the price history for 5531 E 40th Ave?
    5531 E 40th Ave in Anchorage, AK last sold in August 2013.
  • 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 $435K. That is up $18.33K from the prior month.
  • Does 5531 E 40th Ave have air conditioning?
    Yes, 5531 E 40th Ave in Anchorage, AK has air conditioning.
  • Does 5531 E 40th Ave have laundry facilities?
    Yes, 5531 E 40th Ave in Anchorage, AK has in-unit laundry.

Explore by feature - Pet Friendly

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Explore by feature - Garage

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Explore by feature - Air Conditioning

90 rentals with air conditioning in Anchorage, AK

Explore by feature - Washer/dryer

416 rentals with a washer/dryer in Anchorage, AK

Explore by feature - Outdoor Space

59 rentals with an outdoor space in Anchorage, AK

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