$765,000
5471 W Adventurer Boulevard
Wasilla, AK 99623
MLS# 26-884
8 beds  |  4 baths  |  4200 sqft


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Property Description
Exceptional investment opportunity with this well‑maintained fourplex offering strong rental history, steady income potential and opportunity for owner occupancy. This property has been owner occupied and maintained with incredible care. *NEW SEPTIC* TANK/FIELD '20. 2 BD, 1 BA, 1 Car garage units. The common entry is clean and inviting.

Details
Maps
Documents
Contract Info
Foreclosure/Bank Own: No
Price-List: 765000
Date-Listing: 2026-01-30
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: HO16
Legal: Birch Harbor Estates 1 L23 B5
School-Elementary: Knik
School-Middle: Wasilla
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: UNK - Unknown (re: all MSB)
Garage Spaces: 4
Carport Spaces: 0
Prkg Spcs: 8
Beds: 8
Year Built: 2004
SF-Res: 4200
Number of Units: 4
Directions and Remarks
Directions: West on KGB, 1/4 mile past Three Bears, first road on the right
Multi-Family Type
Four-Plex: 1
To Show
ShowingTime: 1
Listing Terms Financing
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Exterior Finish
Vinyl: 1
Heating
Baseboard: 1
Topography
Level: 1
Roof Type
Asphalt: 1
Composition: 1
Shingle: 1
Construction Type
Wood Frame: 1
Foundation Type
Poured Concrete: 1
View Type
Mountains: 1
Wtrfrnt-Access Near
None: 1
Garage Type
Attached: 1
Wtrfrnt-Frontage
None: 1
Carport Type
None: 1
Flooring
Luxury Vinyl: 1
Tile: 1
Sewer-Type
Community: 1
Water Source
Community Well: 1
Access Type
Dedicated Road: 1
Features-MultiFamily
Owner Occupied: 1
Tenant Storage: 1
Washer/Dryer: 1
Docs Avl for Review
Docs Posted on MLS: 1
Unit #1
Bath - Full: 1
Bedroom: 2
Garage: 1
Unit #2
Bath - Full: 1
Bedroom: 2
Garage: 1
Unit #3
Bath - Full: 1
Bedroom: 2
Garage: 1
Parking Spaces: 1
Unit #4
Bath - Full: 1
Bedroom: 2
Garage: 1
Location Tax and Legal
Area: WA - Wasilla
Street #: 5471
Directional: W
Street Name: Adventurer
Arterial: Boulevard
Closest USPS Town: Wasilla
State: AK
Zip Code: 99623
Property Features
Multi-Family Type: Four-Plex
Exterior Finish: Vinyl
Roof Type: Asphalt; Composition; Shingle
Foundation Type: Poured Concrete
Construction Type: Wood Frame
Garage Type: Attached
Carport Type: None
Heating: Baseboard
Sewer-Type: Community
Water Source: Community Well
Access Type: Dedicated Road
View Type: Mountains
Topography: Level
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: None
Features-MultiFamily: Owner Occupied; Tenant Storage; Washer/Dryer
Flooring: Luxury Vinyl; Tile
To Show: ShowingTime
Docs Avl for Review: Docs Posted on MLS
Listing Terms Financing: Cash; Conventional; FHA; VA Loan
Supplements
The tenant screening process and careful selection over the years has resulted in a clean, well-maintained property, this building is ready for immediate occupancy or for a future investor that wants confidence with a sound purchase. The cleanest multifamily I have seen in years. Units are 1000 sq ft, feature open concept floor plans. Units have south facing windows, large kitchens with maple cabinets and islands boasting excellent prep space. They offer plenty of storage, have a washer and dryer in each unit. This convenient location is close to mile 7 of KGB with access to 3 Bears, Vine Road and Settlers Bay. The yard space is safe and private. The easy to clean vinyl siding keeps the building looking fresh and attractive. Significant Updates Include: Septic tank and field were replaced in 2020 24 appliances have been replaced since purchase Window shades in each unit 60% of the building has new interior paint. Thermostats are locked and preprogrammed to minimize excessive utility cost. Hose bib locks installed to ensure unnecessary use. 3 of 4 new Kitchen faucets (units 2,3,4) All 4 washer boxes were replaced Just to present a fresh appearance Light bulbs 60K 840 lumens all are uniform Replaced Emergency lighting. Outdoors: June 2024- back yard filled in with new topsoil and reseeded Unit 1: Coat hooks installed in unit and garage Replaced all window shades September 2024 Replaced washing machine September 2024 Painted garage May 2024 Replaced range hood March 2024 Unit 2: Coat hooks installed in unit and garage Installed vinyl plank flooring in bedrooms April 2025 Shelves built in garage closet June 2023 Painted Garage May 2023 Unit 3: Coat hooks installed in unit and garage New Dishwasher December 2025 New Range Hood May 2025 Built garage shelves August 2024 Garage Painted May 2024 Installed vinyl plank flooring in bedrooms December 2023 Unit 4: Coat hooks installed in unit and garage Painted bathroom, hallway, living room, kitchen April 2025 Painted Garage May 2023 New Range hood January 2024 Installed vinyl plank flooring in bedrooms May 2023 Tenant's Responsibility: Electricity Directly to MEA Owner's Responsibility: Heat, Garbage, Water/Sewer, Landscaping/Snow Removal Unit 1: $1389 - Month to month Unit 2: $1375 - Year lease -Dec'25- Dec '26 Unit 3: Owner Occupied Unit 4: $1389 - Month to month

IDX
Listing Office: Tanner Group Premier Real Estate

Last Updated: February - 06 - 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.