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$ 1,300,000
Est. payment /mo
Price Dropped by $300K
504 & 506 East G Street Nome, AK 99762
21 Beds
9 Baths
8,928 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,928 sqft
Price per Sqft $145
MLS Listing ID 11926670
Bedrooms 21
Full Baths 9
Year Built 1982
Lot Size 0.482 Acres
Property Description
Rare opportunity to acquire a fully assembled, 100% leased, income-producing multifamily portfolio in the heart of Nome. The offering includes two separate two-story, wood-frame four-plex apartment buildings - 504 and 506 East G Street - plus Raven's Nest, a proven short-term rental studio at 407 East 5th Avenue. The property has a total of 21 bedrooms, 9 full bathrooms and sits on two lots: a 14,000 SF lot (0.321 acres) containing 504 & 506 East G Street, and an adjacent 7,000 SF lot containing 407 East 5th Avenue, with partially paved parking in the center of town. The complex includes a separate, dedicated utility building housing two boilers-one newly installed in 2025-as well as a new water heater. This unique setup provides both heating efficiency and valuable system redundancy. The utility building also features a heated work shop area, storage and a utility sink. Next to this building sits a 20 foot conex that serves as a storage area for appliances and unit furniture. With nine total residential units - eight long-term apartments plus one high-performing short-term rental - the property offers diversified income streams, full current occupancy, and immediate cash flow for an investor, workforce housing operator, or owner-occupant looking to offset their mortgage with rental income.
Location
State AK
County Nome Census Area
Rooms
Dining Room 0
Kitchen 0
Building
Story 2
Structure Type Frame