$ 400,000 $ 400,000

7101 O'Malley RD

Anchorage, AK 99507

  • 4 Beds
  • 2 Baths
    Full Baths: 1 Half Baths: 1
  • 2,950 SqFt
  • 0.63 Lot Size
  • 1966 Year Built
Opportunities like this don't hit the market often. This 2,950 sq ft mid-century home in coveted South Anchorage has been in the same family since it was built in 1966—and it's ready for its next chapter. Never updated, this property is a true blank slate for a full renovation or creative reimagining.

Set on a generously sized lot (rare for the area!) and located in a high-demand neighborhood with amazing southern exposure, this home is surrounded by well-maintained properties and offers serious upside potential for resale, rental, or redevelopment. Key features include: massive square footage and flexible floor plan, unique atrium space perfect for a dramatic design element, two separate living spaces: ideal for a duplex-style conversion, MIL suite, or high-end gourmet layout, and strong comps in the area after renovation.

Whether you're a seasoned investor looking for your next project or a buyer with a vision, this is your chance to create serious value in one of Anchorage's most desirable locations.

Bring your ideas, your contractor, and your imagination this South Anchorage classic is ready for transformation. New septic is designed, but buyer will need to finish. Property is an estate sale and sold As-is.
Listed by Real Broker Wasilla , Sold By RMG Real Estate

PROPERTY DETAIL

  • Key Details

    Sold Price $400,000

    Property Type Single Family Home

    Listing Status Sold

    Purchase Type For Sale

    Square Footage 2, 950 sqft

    Price per Sqft $135

    MLS Listing ID 25-6343

    Sold Date 09/08/25

    Bedrooms 4

    Full Baths 1

    Half Baths 1

    Construction Status Existing Structure

    Year Built 1966

    Annual Tax Amount $6,958

    Lot Size 0.626 Acres

    Acres 0.63

    Source Alaska Multiple Listing Service

  • Location

    State AK

    Area 30 - Abbott Rd - Dearmoun Rd

    Zoning R6 - Suburban Residential

    Direction Head South on Seward Highway, Exit onto O'Malley Rd, turn L on O'Malley Rd heading east, stay on road for approx 4.5 miles, house on Left.

  • Building

    Lot Description Level, Sloping

    Foundation Other, None

    Lot Size Range 0.63

    Sewer Septic Tank

    New Construction No

    Construction Status Existing Structure

  • Interior

    Interior Features Basement, BR/BA on Main Level, Dishwasher, Family Room, Fireplace, Range/Oven, Refrigerator, Telephone, Window Coverings, Workshop, In-Law Floorplan, Laminate Counters

    Heating Baseboard, Natural Gas

    Flooring Laminate, Linoleum, Carpet

    Appliance Gas Cooktop, Microwave (B/I), Washer &/Or Dryer

  • Exterior

    Exterior Feature Poultry Allowed, Private Yard, In City Limits, Road Service Area, Storage, Sun Room, View

    Parking Features Garage Door Opener, Attached, Heated

    Garage Spaces 2.0

    Garage Description 2.0

    Utilities Available Cable TV

    View Mountains

    Roof Type Metal

    Topography Level,Sloping

    Porch Deck/Patio

  • Schools

    Elementary Schools O'Malley

    Middle Schools Hanshew

    High Schools Service

  • Others

    Tax ID 0153121100001

    Acceptable Financing Cash, Conventional, FHA 203(k), See Remarks

    Listing Terms Cash, Conventional, FHA 203(k), See Remarks

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