$680,000
Wasilla, AK 99654
MLS# 25-6514
8 beds | 4 baths | 4400 sqft

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Property Description
Exceptional Fourplex Investment Opportunity Just Outside City Limits Rare opportunity to own a well-maintained fourplex just outside Wasilla city limits - enjoy lower taxes while still being minutes from town amenities. This 8-bedroom, 4-bath multi-family property offers a perfect blend of comfort and investment potential, ideal for owner-occupants seeking rental income.
Details
Maps
Contract Info
Foreclosure/Bank Own: No
Price-List: 680000
Date-Listing: 2025-05-30
Status: Active
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: WA05
Legal: Western Spruce Estates L4 B2
Taxes (Estimated): 7031.53
Tax Year: 2024
School-Elementary: Tanaina
School-Middle: Teeland
School-High: Wasilla
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 #: 1
Acres: 0.92
SF-Lot: 40075.2
Lot Area Source: Tax Authority
Zoning: UNZ - Not Zoned-all MSB but Palmer/Wasilla/Houston
Garage Spaces: 4
Carport Spaces: 0
Prkg Spcs: 8
Beds: 8
Year Built: 2004
SF-Res: 4400
Number of Units: 4
Directions and Remarks
Directions: From Parks Hwy head North on Lucille St. Turn Left on Spruce Ave, Right on W Roy Rd and the property is on the Right.
Multi-Family Type
Four-Plex: 1
To Show
ShowingTime: 1
Building Info
Units- # of 2 BR: 4
Listing Terms Financing
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Heating
Baseboard: 1
Construction Type
Wood Frame: 1
Foundation Type
Poured Concrete: 1
Wtrfrnt-Access Near
None: 1
Garage Type
Attached: 1
Wtrfrnt-Frontage
None: 1
Sewer-Type
Septic Tank: 1
Water Source
Well: 1
Income & Expenses
Exp-Elec/Yr Avg: 80
Exp-Gas/Yr Avg: 242
Exp-Mgmt/Yr Avg: 400
Exp-Refuse/Yr Avg: 145
Exp-Snow/Yard/Yr Avg: 145
Income-Rent Mo Total: 4000
Location Tax and Legal
Area: WA - Wasilla
Street #: 500
Directional: W
Street Name: Roy
Arterial: Road
Closest USPS Town: Wasilla
State: AK
Zip Code: 99654
Property Features
Multi-Family Type: Four-Plex
Foundation Type: Poured Concrete
Construction Type: Wood Frame
Garage Type: Attached
Heating: Baseboard
Sewer-Type: Septic Tank
Water Source: Well
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: None
To Show: ShowingTime
Listing Terms Financing: Cash; Conventional; FHA; VA Loan
Supplements
Each of the four units features 2 spacious bedrooms and 1 full bathroom, designed for maximum functionality and tenant appeal. Units include in-unit washers and dryers, saving tenants time and money while reducing maintenance headaches for the owner. Private one-car garages for each unit provide secure parking and added storage, a rare and highly sought-after feature in the local rental market.
All units are currently rented below market value, giving new owners the opportunity to increase cash flow over time by adjusting rents to meet current market rates. Whether you choose to live in one unit or lease all four, there's clear, built-in equity growth through rental optimization.
The property is situated on a quiet, accessible road with plenty of outdoor space, offering a more private, relaxed setting than properties located within city boundaries. Strong rental demand in this area means high occupancy rates and consistent cash flow potential. Live in one unit and let the other three units offset your mortgage - or generate passive income from all four.
Why buy a single-family home when you can live for less and build wealth at the same time? With limited multi-family inventory in the Wasilla area, this is your chance to secure a property that pays you back every month.
Don't miss out - opportunities like this move fast. Schedule your showing today and take the first step toward financial freedom!
IDX
Listing Office: My Favorite Realty LLC
Last Updated: October - 28 - 2025
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.