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Investment Highlights

  • Large R3-Zoned Multi-family Lot
  • Great opportunity for investors, builders, or owner-occupants seeking income potential
  • Walking distance to Jewel Lake park & excellent access to schools, parks, shopping, and transportation
  • Prime South/West Anchorage Location
  • Ideal for a duplex, triplex, or four-plex

Executive Summary

Exceptional Multifamily Development Opportunity in South/West Anchorage!
Discover the potential of this spacious R3-zoned lot ideally located near the corner of Jewel Lake Road and 88th Avenue. Just a short walk from Jewel Lake Park, this property offers an outstanding setting for your next residential development project.
Enjoy the convenience of being close to Dimond High School and Chinook Elementary, with easy access to shopping, dining, recreation, and major transportation routes. Utilities are readily available adjacent to the property, helping streamline the development process.
With recent updates to Title 21 creating new opportunities for residential development, this lot is perfectly suited for a custom duplex, triplex, or four-plex. Whether you're an investor, builder, or future homeowner, this prime South/West Anchorage location provides the flexibility and potential to bring your vision to life.

Property Facts

Price $162,239
Sale Type Investment or Owner User
Sale Condition Build to Suit
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units - Condo
Total Lot Size 0.34 AC
Zoning R3 - Multiple Family Residential

1 Lot Available

Lot 3

Price $162,239
Price Per AC $479,160.64
Lot Size 0.34 AC

Near the corner of Jewel Lake Road & 88th Ave. Vacant Land - Multiple Family Residential Legal: Georgeville Estates L3 B1

Description

Near the corner of Jewel Lake Road & 88th Ave. Property offers an outstanding setting for your next multi-family residential development project.

Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
01227247000
Land Assessment
$123,000
Improvements Assessment
$0
Total Assessment
$123,000
  • Listing ID: 41030259

  • Date on Market: 6/23/2026

  • Last Updated:

  • Address: L3 Molonary Drive, Anchorage, AK 99502

Contact the Sale Advisor

L3 Molonary Drive

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