This unique property offers an abundance of living space in the main, larger unit, along with the opportunity for income in the smaller 3 bedroom unit. Located in Anchorage's highly sought-after South Addition, just moments from Westchester Lagoon, the Coastal Trail, downtown, parks, restaurants, and more, this one-of- a-kind property offers exceptional flexibility and opportunity. Originally built as a side-by-side ranch, the home was later raised to create approximately 2,000 additional square feet of living space on the main level. The upper level features vaulted ceilings that create a bright, open feel, while the main level offers impressive tall ceilings and large daylight windows that fill the space with natural light, creating an inviting atmosphere rarely found in main floor living. Main living space is over 3000sf with 3 bdrms upstairs, with the master suite & a 2nd bdrm on the first floor. The smaller unit is a 3 bdrm upstairs unit. Laundry Rooms on both floors of the main unit with Washers and Dryers included. With its existing layout, the property offers exciting potential for a variety of living or investment opportunities, including the possibility of a triplex-style configuration (buyer to verify zoning and permitted uses). Additional amenities include a two-car carport, an extended driveway with ample off-street parking, a fenced backyard, and generous storage space. Properties offering this level of size, flexibility, and location rarely become available in South Addition. Whether you're seeking rental income, multi-generational living, or long-term investment potential, this is a unique opportunity in one of Anchorage's most desirable neighborhoods.