5540 E 38th Ct, Anchorage, AK 99504
OFF MARKET

5540 E 38th Ct
Anchorage, AK 99504

University Area
  • 8 Beds
  • 4 Baths
  • 4,288 sqft

$602,000

Trulia Estimate
as of Aug 21, 2026

$602,000

Trulia Estimate
as of Aug 21, 2026
8 Beds
4 Baths
4,288 sqft

Home Value

Trulia Estimate
$602K
Since last month
Decreased$32K (-5%)
Since last year
Increased$21K (+3.6%)
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 +34% in the last 10 years
MonthEstimated value
2026
August 2026$602K
July 2026$634K
June 2026$618K
May 2026$602K
April 2026$599K
March 2026$580K
February 2026$559K
January 2026$594K
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
3948 Boniface Pkwy, Anchorage, AK
0.14
Multi-Family Home
-
12/06/25
8
4
1,972
2731 Lee St, Anchorage, AK
0.64
Multi-Family Home
-
01/21/26
8
4
4,512
6313 E 32nd Ave, Anchorage, AK
0.59
Multi-Family Home
-
07/24/26
7
4
3,548
3309 Baxter Rd, Anchorage, AK
0.52
Multi-Family Home
-
06/12/26
4
2
2,886
3821 Checkmate Dr, Anchorage, AK
0.27
Multi-Family Home
-
04/21/26
5
2
1,900
5132 E 26th Ave, Anchorage, AK
0.78
Multi-Family Home
-
04/20/26
7
4
3,548
4021 Lunar Dr, Anchorage, AK
0.77
Multi-Family Home
-
12/05/25
6
4
3,301
2942 Lily St, Anchorage, AK
0.56
Multi-Family Home
-
11/28/25
5
2
1,900
4106 Vance Dr, Anchorage, AK
0.58
Multi-Family Home
-
07/10/26
4
2
2,112
5800 Prosperity Dr, Anchorage, AK
0.92
Multi-Family Home
-
08/22/25
6
3
2,640

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
3840 Reflection Dr, Anchorage, AK 99504
0.04
-
3
3
1,839
Recently Sold
3860 Reflection Dr, Anchorage, AK
0.06
$399,900
3
2.5
1,685
Off Market
3870 Reflection Dr, Anchorage, AK
0.06
$402,500
3
2.5
1,712
Off Market
3920 Bryant Ridge Pl, Anchorage, AK 99504
0.06
$558,300
5
3
3,212
Off Market
3861 Reflection Dr, Anchorage, AK 99504
0.08
-
3
2
1,708
Recently Sold
3731 Reflection Dr, Anchorage, AK 99504
0.07
$441,700
3
2.5
1,674
Off Market
5530 Big Bear Way #13, Anchorage, AK 99504
0.07
$417,900
3
2.5
1,431
Off Market
5569 Big Bear Way #22, Anchorage, AK 99504
0.08
-
4
3
2,020
Recently Sold
3680 Little Bear Pl #8, Anchorage, AK 99504
0.08
-
3
2.5
1,597
Recently Sold
3668 Little Bear Pl #6, Anchorage, AK 99504
0.08
-
4
3.5
2,088
Recently Sold
5561 Big Bear Way #25, Anchorage, AK 99504
0.08
-
3
3
1,658
Recently Sold
3692 Little Bear Pl #10, Anchorage, AK 99504
0.08
$511,300
3
2.5
2,088
Off Market

Local Information

  • Map ViewExplore the area around 5540 E 38th Ct.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1972
Living Area
4,288 sqft
Price/Sqft
$140

About this House

Incredible RARE income property nestled on a woodsy knoll with Mtn views! Chalet feeling units rent extremely quick,located by hospitals, base and college. All units have been upgraded,French doors, cozy F/P, separate dining rm, pantry, lg kitchen, double sinks in large baths. Vaulted ceilings in upper units. All units have cute balconies/decks. ADORABLE!Owner is Real Estate licensee Brokered And Advertised By: Real Estate Brokers of Alaska Listing Agent: Christine Dooley
5540 E 38th Ct, Anchorage, AK 99504 is a 8 bedroom, 4 bathroom, 4,288 sqft multi-family in University Area, built in 1972. It last sold for $0 on Jun 19, 2001. It is currently off market. The Trulia Estimate is $602,000, with a rent estimate of $2,305/month.

Home Details for 5540 E 38th Ct

Property Information

Year Built
Year Built: 1972
Property Type / Style
Property Type: Multi Family

Price and Tax history

DateEventPrice
Apr 13, 2013
Source: Agent Provided
ListingRemoved
$550,000
Apr 8, 2013
Source: Agent Provided
Listed For Sale
$550,000
Jun 19, 2001
Source: AKMLS #01-105032
Sold
--
Feb 6, 1998
Source: AKMLS #97-77295
Sold
--
Jan 26, 1994
Source: AKMLS #94-70655
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

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 5540 E 38th Ct

  • What is 5540 E 38th Ct estimated to be worth?
    Trulia's estimated value for 5540 E 38th Ct in Anchorage, AK is $602,000.
  • What is the price history for 5540 E 38th Ct?
    5540 E 38th Ct in Anchorage, AK last sold in June 2001.
  • 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.

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Off Market Homes Near 5540 E 38th Ct

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