$649,000
Wasilla, AK 99654
MLS# 26-10511
4 beds | 4 baths | 4090 sqft

1 / 95
Property Description
Prime Location! A truly unique investment/development opportunity in an established area! This well-cared-for property offers a rare combination of existing residential income, shop/garage space, commercial frontage, and future development potential. The lot has been amended to allow multi-use and subdivision, contingent upon utility hookups, creating possibilities rarely found in this area.
Details
Maps
Documents
Contract Info
Foreclosure/Bank Own: No
Price-List: 649000
Date-Listing: 2026-08-17
Status: Active
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Bathrooms Half: 1
Bathrooms Three Quarter: 0
Bathrooms Full: 3
Bathrooms Total: 4
Bldgs-Ttl #: 4
Acres: 0.94
SF-Lot: 40946.4
Lot Area Source: Tax Authority
Year Remodeled: 2026
Year Updated: 2026
Zoning: C - Commercial (re: Cities Wasilla/Houston)
Garage Spaces: 2
Carport Spaces: 0
Prkg Spcs: 4
Beds: 4
Year Built: 1977
SF-Res: 4090
Number of Units: 3
Location, Tax and Legal
Region: 1 - Southcentral Alaska Region
Borough/Census Area: 1D - Matanuska Susitna Borough
Grid # (Muni Anch): N/A
Tax Map #-Mat-Su: WA12
Legal: Wasilla Airport Heights Block 2 Lot 39
Taxes (Estimated): 3530.83
Tax Year: 2026
School-Elementary: BTV-Undiscl by LL
School-Middle: BTV-Undiscl by LL
School-High: BTV-Undiscl by LL
Directions and Remarks
Directions: Parks to Lucas, right on Nelson, right on Airway. Follow to end, property is on the left.
Multi-Family Type
Triplex: 1
Other - See Remarks: 1
To Show
ShowingTime: 1
Building Info
Builder Name & Co: Fred Seltenreich
Units-# of 1 BR: 2
Units- # of 2 BR: 1
Listing Terms Financing
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Exterior Finish
Metal: 1
Wood: 1
Heating
Natural Gas: 1
Separate Meters: 1
Topography
Bluff: 1
Level: 1
Roof Type
Bitumen/Torch Down: 1
Metal: 1
Rubber: 1
Construction Type
Wood Frame: 1
Foundation Type
Poured Concrete: 1
Slab: 1
View Type
Mountains: 1
Wtrfrnt-Access Near
Lake: 1
Garage Type
Attached: 1
Detached: 1
Other-See Remarks: 1
Wtrfrnt-Frontage
None: 1
Flooring
Carpet: 1
Luxury Vinyl: 1
Vinyl: 1
Sewer-Type
Crib: 1
Septic Tank: 1
Water Source
Well: 1
Access Type
Dedicated Road: 1
Paved: 1
Maintained: 1
Mortgage Info
EM Minimum Deposit: 6000
Features-MultiFamily
CO Detector(s): 1
In City Limits: 1
Shed: 1
Smoke Detector(s): 1
Tenant Storage: 1
Washer/Dryer: 1
Circle Driveway: 1
Docs Avl for Review
Prop Discl Available: 1
Unit #1
Bath - Full: 1
Bath-Half: 1
Bedroom: 2
Dining Room: 1
Kitchen: 1
Living Room: 1
Garage: 1
Unit #2
Bath - Full: 1
Bedroom: 1
Kitchen: 1
Living Room: 1
Extra Room: 1
Garage: 1
Unit #3
Bath - Full: 1
Bedroom: 1
Kitchen: 1
Living Room: 1
Garage: 1
Location Tax and Legal
Area: WA - Wasilla
Street #: 1060
Directional: W
Street Name: Airway
Arterial: Circle
Closest USPS Town: Wasilla
State: AK
Zip Code: 99654
Property Features
Multi-Family Type: Triplex; Other - See Remarks
Exterior Finish: Metal; Wood
Roof Type: Bitumen/Torch Down; Metal; Rubber
Foundation Type: Poured Concrete; Slab
Construction Type: Wood Frame
Garage Type: Attached; Detached; Other-See Remarks
Heating: Natural Gas; Separate Meters
Sewer-Type: Crib; Septic Tank
Water Source: Well
Access Type: Dedicated Road; Paved; Maintained
View Type: Mountains
Topography: Bluff; Level
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: Lake
Features-MultiFamily: CO Detector(s); In City Limits; Shed; Smoke Detector(s); Tenant Storage; Washer/Dryer; Circle Driveway
Flooring: Carpet; Luxury Vinyl; Vinyl
To Show: ShowingTime
Docs Avl for Review: Prop Discl Available
Listing Terms Financing: Cash; Conventional; FHA; VA Loan
Supplements
The upper portion of the property features a fully functional, newly updated triplex configuration. Improvements include a detached two-car garage with a separate 1-bedroom, 1-bath apartment above. You will also find a separate detached high-bay garage/shop offering excellent storage, workspace, or additional income potential. The main top/bottom duplex completes the residential improvements, with a spacious 2-bedroom, 1.5-bath upper unit and a 1-bedroom, 1-bath lower unit with an office, walkout patio, and gas fireplace. Both duplex units have been updated and/or fully remodeled in 2026 including new sheetrock, flooring, plumbing, appliances, and more.
The lower portion of the property fronts the Parks Highway and offers exciting commercial and development potential. With city water and sewer located at the adjacent property, the groundwork is in place for a buyer to explore a variety of future possibilities.
Whether you're looking for an income-producing property, owner-occupant opportunity, shop space, future subdivision, commercial exposure, or a combination of them all, this property is truly one of a kind. A well-maintained property with existing improvements today and endless potential for tomorrow.
IDX
Listing Office: Signature Real Estate Alaska
Last Updated: August - 18 - 2026
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.
Property Disclosure