504 & 506 E G Street, Nome, AK 99762

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.