Juneau Estate
Multifamily | 3 Units | $879,777
Marketing description
Rare opportunity to acquire a proven income-producing property within walking distance of downtown Juneau in one of Alaska’s most supply constrained housing markets. This approximately 3,035-square-foot property offers 6 bedrooms and 5 bathrooms and is thoughtfully configured as three separate living units, each with its own kitchen, creating an ideal setup for owner-occupancy with rental income, multi-generational living, or a full investment property. The layout includes a spacious 4-bedroom / 3-bath main residence along with two additional 1-bedroom / 1 -bath units, providing excellent flexibility for both homeowners and investors. The property has been successfully operated as a short-term rental through a national booking platform for approximately eight years, with documented history of strong occupancy and reliable income performance. Designed for efficiency and ease of management, the home features two commercial laundry setups, smart thermostats, and keypad entry locks, supporting streamlined guest turnover and convenient remote management. Much of the existing furniture and furnishings are included, allowing the property to continue operating as a turnkey rental investment. Outdoor living spaces include multiple spacious multi level decks and a hot tub, perfect for relaxing while taking in surrounding mountain views. The main living unit is warmed by a pellet stove, creating a warm and inviting atmosphere during Southeast Alaska’s cooler months. Additional amenities include a heated two-car garage and an approximately 400-square-foot shop/storage area, offering ample space for tools, equipment, and outdoor gear. Rental history and financial records available upon request.
Investment highlights
421 Judy Lane — Investment & Income Property
Juneau, Alaska
List Price: $879,777
📍 Property Overview
Three-unit property offering a rare combination of strong in-place income, flexible use, and meaningful upside potential in a supply-constrained Juneau market.
- 4BR / 3BA main residence
- Two 1BR / 1BA units
- Walkable to downtown Juneau
- Proven STR + long-term rental performance
- Hot tub and extensive multi-level decks with Mountain View’s
- Designed for both income generation and lifestyle use
📊 2025 Financial Overview
Gross Revenue (2025)
- STR/MTR Revenue: $108,781
- Cleaning Fees (guest-paid): $19,324
- Long-Term Unit ($1,350/mo): $16,200
Total Gross Revenue: $144,305
Operating Expenses
- Property Management: $19,580
- Cleaning Costs: $19,324
- Property Tax: $9,026
- Utilities: $21,147
- Insurance: $4,000
- Maintenance Reserve: $5,000
Total Expenses: $78,077
Net Operating Income (NOI)
$66,228
📉 Cap Rate (Current)
~7.5% at asking price
📈 Upside Opportunity
- Reduced or eliminated management expense
- Operational efficiencies in cleaning and turnover
- Improved pricing / occupancy optimization
Estimated NOI Potential: ~$80K–$85K+
Estimated Cap Rate Potential: ~9%+
📊 Multi-Year Performance
Stabilized Annual Income: ~$100K
🧠 Investment Highlights
- Strong gross revenue (~$144K annually)
- Proven multi-year income performance
- Three-unit diversified income structure
- Built-in long-term tenant ($1,350/month)
- Turnkey STR infrastructure
- Walkable Juneau location (high-demand driver)
- Hot tub and expansive decks enhance rental appeal
- Two commercial laundry setups
- Significant upside through self-management
- Hybrid income model reduces volatility
💡 Owner-Occupant Opportunity
Live in One Unit, Rent the Others
The flexible layout allows a buyer to:
- Occupy any unit
- Generate income from remaining units
- Adjust use between STR, long-term, or hybrid
Ideal for buyers seeking a primary residence with built-in income.
🔁 Flexible Strategies
- Continue STR + long-term hybrid model
- Convert to full long-term rental
- Owner-occupy with income offset
- Self-manage to increase returns
📊 Value Context
🧾 Summary
A stabilized 3-unit property generating ~$144K gross revenue and ~$66K NOI (~7.5% cap), with ~$40K annual upside and multiple use strategies including investment, owner-occupancy, and hybrid income.
📌 Additional Information
Financials and rental history available upon request.
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