$1,300,000
504 & 506 East G StreetNome, AK 99762
Multifamily property · MLS 11926670 · Listed 87 days ago (Aug 8, 2026)
Active: Listed and available according to the MyStateMLS feed.
About this property
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.
Description provided by the listing brokerage.
Key facts
- Asking price
- $1,300,000
- Original list price
- $1,600,000
- Status
- For sale
- Property type
- MultifamilyFrom the MLS property class
- Building area
- 8,928 SFSource field LivingArea
- Land area
- 0.48 acresSource field LotSizeSquareFeet
- Year built
- 1982
- MLS number
- 11926670
Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them or that they are zero.
Price
- Asking price
- $1,300,000
- Price per SF of building
- $146/SFAsking price ÷ 8,928 SF reported building area
Building and site
- Units
- 9From the listing description
- Stories
- 2
- Year renovated
- 2025Source field RenovationYear_C
- County
- Nome Census Area
Investment figures reported in the description
- Occupancy
- 100% (actual or pro forma not stated)"…to acquire a fully assembled, 100% leased, income-producing multifamily…"
These figures are as written by the listing agent, without a stated period or supporting statements. Commercial Only does not calculate or verify them. Ask for rent rolls, operating statements and leases before relying on any figure.
Listing details
Flooring
- Laminate
- Carpet
Heating
- Baseboard
- Oil
Construction
- T111 Siding
Roof
- Metal
Location
The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or survey and says nothing about access rights, easements or flood zones. See more listings in Nome or multifamily property in Nome.
Why this listing is on Commercial Only
- Multi-unit income property class. (PropertyTypeDetail: multi-5-plus)
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Price and status history
- Original list price reported by the brokerage: $1,600,000
Changes observed by Commercial Only in MyStateMLS data since Nov 3, 2026. This is not a public-record sales or lease history.
Guides
Listing courtesy of Nome Sweet Homes. Listing agent: Melissa Ford. Listings provided by MyStateMLS.
Listing last modified at the source Oct 17, 2026, 5:09 PM UTC. Commercial Only last confirmed MyStateMLS data Nov 3, 2026, 10:31 PM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing representative.