504 & 506 E G Street, Nome, AK 99762
sale
$1,600,000
|
Other
Courtesy Of Nome Sweet Homes
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.
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Property Features
- Age: 41-50 Years Old
- Exterior Type: T111 Siding
- Floor Covering: Laminate
- Floor Covering: Carpet
- Floors: 2
- Heating System: Baseboard
- Heating System: Oil
- MLSID: 11926670
- Roof Type: Metal
- Rooms: Bathroom 8
- Rooms: Bedroom 21
- Rooms: Bathroom 9
- Rooms: Bedroom 20
- Rooms: Bathroom 6
- Rooms: Bathroom 7
- Rooms: Bathroom 4
- Rooms: Bathroom 5
- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bedroom 3
- Rooms: Bedroom 2
- Rooms: Bedroom 1
- Rooms: Bedroom 7
- Rooms: Bedroom 6
- Rooms: Bedroom 5
- Rooms: Bedroom 4
- Rooms: Bedroom 9
- Rooms: Bedroom 8
- Rooms: Bedroom 10
- Rooms: Bedroom 14
- Rooms: Bedroom 13
- Rooms: Bedroom 12
- Rooms: Bedroom 11
- Rooms: Bedroom 18
- Rooms: Bedroom 17
- Rooms: Bedroom 16
- Rooms: Bedroom 15
- Rooms: Bedroom 19
- Rooms: Bathroom 1
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