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Investor Special - R3 Zoned Opportunity in Redevelopment CorridorLarge R3 lot in a tax-advantaged corridor, surrounded by established multi-family properties. Located within the Transit-Supportive Overlay Zone, this property offers redevelopment flexibility and consistent long-term demand.The existing 1960 home is a 1 bed / 1 bath with basement that could be converted into additionalbedrooms, and bathroom. This home does have an oversized two car garage with tons of storage space. Or, maximize the zoning for ground-up multi-family development as this property may qualify for Municipal Tax Exemptions (AO 2025-35 & AO 2025-84) offering up to 10-13 years of property tax relief for qualifying new construction (8+ units) or 10 years for major rehabilitation of existing housing stock.

Northeast

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148 Burton St, Anchorage, AK 99504

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