Russian Jack Apartments 4539 E 7th Ave 5,760 SF of Flex Space Available in Anchorage, AK 99508

Rare opportunity to secure an entire, fully remodeled 6-unit residential building in Anchorage under a single master lease. Located at 4539 E 7th Ave in the Russian Jack neighborhood, this three-story building offers six 2-bedroom, 1-bathroom units — two units per floor — all recently renovated and currently 100% vacant, ready for immediate occupancy. The ground level includes a wheelchair accessible unit directly from grade via a dedicated lift. This makes the unit well suited for tenants or programs with accessibility requirements, including healthcare, government, or corporate housing users. Built in 1969 and comprehensively gut-remodeled in 2026, the 5,760 SF building offers approximately 960 SF per unit across its 2-bedroom, 1-bathroom floor plans — larger than typical remodeled 2BD product in this submarket. The building includes on-site, off-street parking and shared in-building laundry. This is a turnkey opportunity to secure fully renovated residential capacity in Anchorage without the time, cost, or risk of ground-up development or extensive rehab. Ownership is seeking a qualified master tenant or operator — including workforce housing providers, recovery and sober living programs, corporate housing operators, healthcare and government staffing organizations, and other extended-stay housing users — to lease the entire building under a single agreement. Base rent plus utilities, at minimum. Lease structure, term, and rate are negotiable based on the tenant's program and occupancy needs. Contact ownership to discuss.