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Kathi Olmstead
Kathi Olmstead, CRS

Re/Max of Eagle River, Inc.
Eagle River, AK 99577

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30+ Years Eagle River Expert
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Listing 20 out of 152
$360,000 For Sale

11139 Mausel Street
Eagle River, AK 99577

2 units | Multi Family Home
0.93 acres - MLS# 18-18920
Property Photo


Large Duplex with two units. 2ea- 2 car garages and their is a 4 car carport. Units have washer and dryers also. Log accents. Extra large living space/office above extra garage. The building has many upgrades and improvements over the years. Great location, walking distance to center of town. Tax appraisal is $470,000. It has extra rooms, another bathroom added and interior upgraded. It should appraise for more with the improvements. Rental unit leased for $1500mo. Includes utilities. Till end of April. I live in other unit. I have boarders in the nicer half of this unit, we live in the space above garage that is unfinished. The monthly boarders are on month to month lease and bring in $1600mo(3 rooms rented). My family lives on the property above the garage and the monthly income of the property is 3100.00 mo. Utility expense app. $600mo (gas and electric). Half of property is undeveloped with trees for privacy(like having own private park). Lots of paved parking and 4 car carport to go with the garages. Investors- subdivide or rezone possible. The commercial zoning line runs down the highway on backside of lot. The industrial Zoning line runs down the side of the lot. The muni. said either line could be dragged over this lot, according to the rules, to rezone this commercial/industrial for future development. The back half acre of lot is undeveloped, turn to retail, build more housing units, etc... All my research shows this lot is underdeveloped by the recommendations of the anchorage zoning plan and developing this would be the intended purpose of the zoning plan. Currently zoned R1, grandfathered in as a duplex.


  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: 1A - Anchorage Municipality
  • Zip Code: 99577
  • Year Built: 1972
  • Elementary School: Eagle River
  • Middle School: Mirror Lake
  • High School: Eagle River
  • Sq.Ft.: 4,400 sq ft
  • Units: 2 units
  • Bedrooms: 6
  • Full Baths: 4
  • Garage: Heated, 4-Car
  • Lot Size: 0.93 acres
  • Listing Office: Sun Properties, Llc
  • Baths: 4
  • View: City Lights, Mountains
  • Area: 90 - Eagle River
  • Access Type: Maintained, Paved
  • Bldgs-Ttl #: 1
  • Carport: 4-Car
  • Carport Type: Attached
  • Construction Status: Existing Structure
  • Construction Type: Block, Wood Frame
  • Exp-Annual: 8200
  • Exterior Finish: Wood
  • Foundation Type: Block, Slab
  • Fuel Type: Comn Metered Nat Gas, Electric
  • Heat Type: Baseboard
  • Income-Gross Annual: 33000
  • Multi-Family Type: Duplex
  • Prkg Spcs: 8
  • Region: 1 - Southcentral Alaska Region
  • Roof Type: Asphalt/Comp Shingle
  • SF-Lot: 40293
  • Sewer-Type: Septic Tank
  • Topography: Gently Rolling
  • Unit #1: Bath - Full: 2
  • Unit #1: Bedroom: 2
  • Unit #1: Garage: 2
  • Unit #1: Parking Spaces: 4
  • Unit #2: Bath - Full: 2
  • Unit #2: Bedroom: 2
  • Unit #2: Carport: 4-Car
  • Unit #2: Garage: 2
  • Unit #2: Parking Spaces: 4
  • Units-# of 3 BR: 2
  • Water-Type: Private, Well
  • Year Remodeled: 2013
  • Year Updated: 2017
  • Zoning: CE-R-1 Single-Family Residential
Courtesy of Sun Properties, LLC

Kathi Olmstead | 907-244-8020 |

Re/Max of Eagle River 800-694-9026
11525 Old Glenn Hwy. - Eagle River, AK 99577
Copyright © 2018, All Rights Reserved
Helping buyers and sellers in the Eagle River, Anchorage,
Chugiak, JBER and Mat-Su areas. We are ready to help you now.


Kathi Olmstead was a great help to us. Her experience, determination and commitment to get our homes sold asap paid off. We followed her suggestions on the presentation of the home, and within just 8 days of showing a offer came in that was better than expected. We were able to move out of Alaska before the winter season moved in. She was always helpful with all our questions and concerns. She also was able to sell my sisters home in short order. We do recommend Kathi very highly. Thank you. Dan and Cathy Wagner
Kathi was very easy to work with and worked really hard to get us top value! She was always available for questions and was very quick to offer great advice on the entire process. Our house sold in less than 2 days! I would highly recommend her. Nick and Carleigh Chacor
Kathi and her team are terrific! When I approached her I was in a hurry to sell my place and I thought I would list it for slightly more than what I paid for the place- I had barely lived there 3 years. But Kathi knew the market and listed my home for approximately $25,000 more than what I paid. This is the point where I should mention I made zero upgrades or improvements to the home. That first week, I called Kathi several times. I was anxious and I thought the list price was too high. Kathi reassured me. The 2nd or 3rd week, I got a full price offer! I would highly recommend Kathi and her team to all Alaskans looking to buy or sell a property. Kimberly Slone
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