$725,000
1586 N Meadow Lakes Drive
Wasilla, AK 99623
MLS# 26-7536
7 beds  |  4 baths  |  3314 sqft


Meadow Lakes Triplex
  1 / 63  
Meadow Lakes Triplex 03-IMG_3536 04-IMG_3541 05-IMG_3546 06-IMG_3551 07-IMG_3556 08-IMG_3561 09-IMG_3566 10-IMG_3571 11-IMG_3576 12-IMG_3581 13-IMG_3586 14-IMG_3591 15-IMG_3596 16-IMG_3601 17-IMG_3616 18-IMG_3621 19-IMG_3626 20-IMG_3631 21-IMG_3636 22-IMG_3641 23-IMG_3646 24-IMG_3656 25-IMG_3606 26-IMG_3611 27-IMG_3821 28-IMG_3826 29-IMG_3681 30-IMG_3686 31-IMG_3691 32-IMG_3696 33-IMG_3701 34-IMG_3706 35-IMG_3711 36-IMG_3716 37-IMG_3721 38-IMG_3726 39-IMG_3731 40-IMG_3736 41-IMG_3741 42-IMG_3661 43-IMG_3666 44-IMG_3671 45-IMG_3676 46-IMG_3746 47-IMG_3751 48-IMG_3756 49-IMG_3761 50-IMG_3766 51-IMG_3771 52-IMG_3776 53-IMG_3781 54-IMG_3786 55-IMG_3791 56-IMG_3796 57-IMG_3801 58-IMG_3816 59-IMG_3831 60-IMG_3836 61-IMG_3841 62-IMG_3846 63-IMG_3851 64-IMG_3856

Property Description
Great owner-occupant or investment opportunity just down the street fromthe Seymour Lake public launch. Property includes two 2BR/1BA units rented at $1,350/month each and a detached home built in 2024, leased through 05/31/2027 at $2,250/month. Features include open-concept living, on-demand water heaters, independent thermostats, garage space, and strong income potential.

Details
Maps
Contract Info
Foreclosure/Bank Own: No
Price-List: 725000
Date-Listing: 2026-06-21
Status: Active
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Bathrooms Half: 0
Bathrooms Three Quarter: 0
Bathrooms Full: 4
Bathrooms Total: 4
Bldgs-Ttl #: 2
Acres: 1.43
SF-Lot: 62290.8
Lot Area Source: Tax Authority
Year Remodeled: 2024
Zoning: UNZ - Not Zoned-all MSB but Palmer/Wasilla/Houston
Garage Spaces: 4
Carport Spaces: 0
Prkg Spcs: 8
Beds: 7
Year Built: 2014
SF-Res: 3314
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: HO10
Legal: Winterwood L1
School-Elementary: BTV-Undiscl by LL
School-Middle: Houston
School-High: Houston
Directions and Remarks
Directions: Parks Hwy to Right on Meadow Lakes Loop at Circle K, Left on N Meadow Lakes Drive. Property on the left.
Multi-Family Type
Other - See Remarks: 1
Exterior Finish
Wood: 1
Heating
Forced Air: 1
Natural Gas: 1
Topography
Sloping: 1
Roof Type
Asphalt: 1
Shingle: 1
Construction Type
Wood Frame: 1
Foundation Type
Block: 1
Poured Concrete: 1
Wtrfrnt-Access Near
Lake: 1
Garage Type
Attached: 1
Wtrfrnt-Frontage
Slough/Estuary: 1
Carport Type
None: 1
Sewer-Type
Septic Tank: 1
Water Source
Well: 1
Access Type
Paved: 1
Maintained: 1
Features-MultiFamily
CO Detector(s): 1
DSL-Cable Available: 1
Smoke Detector(s): 1
Washer/Dryer: 1
Unit #1
Bath - Full: 1
Bedroom: 2
Dining Room: 1
Kitchen: 1
Living Room: 1
Garage: 1
Parking Spaces: 2
Unit #2
Bath - Full: 1
Bedroom: 2
Dining Room: 1
Kitchen: 1
Living Room: 1
Garage: 1
Parking Spaces: 2
Unit #3
Bath - Full: 2
Bedroom: 3
Dining Room: 1
Kitchen: 1
Living Room: 1
Primary Bedroom: 2
Garage: 2
Parking Spaces: 4
Location Tax and Legal
Area: ML - Meadow Lakes
Street #: 1586
Directional: N
Street Name: Meadow Lakes
Arterial: Drive
Closest USPS Town: Wasilla
State: AK
Zip Code: 99623
Property Features
Multi-Family Type: Other - See Remarks
Exterior Finish: Wood
Roof Type: Asphalt; Shingle
Foundation Type: Block; Poured Concrete
Construction Type: Wood Frame
Garage Type: Attached
Carport Type: None
Heating: Forced Air; Natural Gas
Sewer-Type: Septic Tank
Water Source: Well
Access Type: Paved; Maintained
Topography: Sloping
Wtrfrnt-Frontage: Slough/Estuary
Wtrfrnt-Access Near: Lake
Features-MultiFamily: CO Detector(s); DSL-Cable Available; Smoke Detector(s); Washer/Dryer
Supplements
Fantastic opportunity for an owner-occupant or investor seeking a versatile income-producing property in a convenient location just 10 minutes from Wasilla and moments from the Seymour Lake public boat launch. The property consists of three separate units, including two 2-bedroom, 1-bath apartments currently rented for $1,350 per month each on month-to-month leases. The detached home was built in 2024, has its own septic system, and is currently leased through 05/31/2027 at $2,250 per month, providing stable long-term income. Each unit is thoughtfully designed with open-concept kitchen, dining, and living areas, creating a spacious and functional layout. Additional features include individual on-demand water heaters, electronic entry systems, independent thermostats, and bay windows that provide abundant natural light in both the primary bedrooms and living spaces. The upper unit features vaulted ceilings and a sliding glass door leading to a private deck. Whether you're looking to live in one unit and offset your mortgage with rental income or add a strong-performing property to your investment portfolio, this property offers flexibility, cash flow, and long-term potential.

IDX
Listing Office: Signature Real Estate Alaska

Last Updated: June - 23 - 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.