Residential Income In Eagle River

Exceptional newly rebuilt triplex in a private Eagle River hillside setting near Fire Lake Elementary. Tucked among mature trees on a 31,450 sq. ft. lot, this distinctive property offers the appeal of new construction with the versatility of a three-unit property. The contractor rebuilt the property from the studs out, with extensive, attractive improvements, only using quality finishes. The 4,126 sq. ft. main building is configured as a side-by-side duplex, with each unit offering a functional two-story layout and bright, welcoming living spaces. The upper level of each side features an open kitchen, dining, and living area with large south-facing windows that bring in abundant natural light. Each upper level also includes one bedroom, one full bath, and one half bath.

One of the property’s standout features is the extraordinary outdoor living space. Each duplex living area opens directly onto a massive garage-top deck, creating a rare and highly usable extension of the home for outdoor dining, entertaining, relaxing, or enjoying the private treed setting. These oversized decks add meaningful value and set this property apart from typical multifamily offerings.

The lower level of each duplex unit includes three additional bedrooms and a full bath. Bedrooms are efficiently designed, while the common areas feel bright, open, and inviting. Each side also includes a 24ft x 24ft of newly added garage and an additional 13ft x 24ft storage space, constructed on poured concrete slabs--ideal for Alaska gear, tools, recreational equipment, and tenant storage.

Completing the triplex is a separate cabin offering 714 sq. ft. on each level. This third unit adds flexibility for a long-term rental, guest space, owner use, or another permitted income-producing use.
With a large private lot, mature trees, a desirable Eagle River location, extensive rebuild work, substantial garage and storage capacity, and unusually large private decks, this is a rare opportunity for an owner-occupant or investor seeking a nearly new multifamily property with standout features.