3320 O'Malley Road, Anchorage, Alaska 99516

Property Description

Versatile, expansive property on nearly 2 acres of level, private land. Across from O'Malley on the Green. Enjoy privacy and a flexible layout. The main home offers 3 beds/2 baths, a large 2car garage, media room & office/shop and ample storage. Remodeled kitchen w/ granite counters, beautiful natural wood cabinetry polished by granite countertops, Viking range, and stainless steel appliances!... A property Full of Character, Space & Opportunity! Large south-facing windows fill the home with natural light while overlooking a lush, established lawn and beautiful wooded lot. Adding a special touch of history and charm, the original homestead cabin still sits at the back of the property. Inside, a cozy wood stove tucked into its own alcove creates the perfect retreat during Alaska's long winter months. The south-facing primary bedroom features a full jetted tub bath & a large shower. Large guest/kid bedrooms. All with updated vinyl windows. Lower level of the home offers a large media/work out room, 2 additional storage rooms, and access to the 2nd driveway. A spacious, heated office/shop just off the garage offers its own private entrance, making it ideal for hobbies, projects, a workshop, or a home-based business. The north side of the property provides a great space for pets, complemented by an 8-foot cedar fence for added privacy. Adding exceptional versatility and income potential, the separate walk-out apartment features 2 bedrooms, 1 bathroom, a nicely updated kitchen, and its own washer and dryer. With a separate driveway, the apartment offers excellent separation from the main residence. Estimated market rent is $1,895 per month. The property comes with a large wood shed, 1 Connex that includes shelving & electricity, and 2 large sheds. Additional highlights include dual access from Cange and O'Malley. Ample room to build a dream shop! Whether you're looking for room to spread out, space for your projects or business, or the potential for rental income, this unique property offers a rare combination of character, functionality, privacy, and opportunity. Muni states original build date of 1958 and effective year of 1978. Nothing in the home feels like it is from the 50's! Owners best guess is that may be the origination of the foundation.