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1586 N Meadow Lakes Drive

Wasilla, AK 99623
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Bed 7

Bed

Bath 4

Bath

SqFt3,314

Sqft

Acres1

Acre(Lot)

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. 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 sept ic 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $725,000

AD Id : 85751265

MLS Id : 26-7536

Beds : 7

Lot Size : 1 Acre

Living Area Size : 3,314

Year Built : 2014

Garage : 4

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Feature Features

  • Bedroom Information

    Total beds: 7

    Bathroom Information

    Total Baths: 4 Full Baths: 4
  • Roofing Information

    Asphalt, Shingle
  • Interior Features

    Roof: Asphalt, Shingle Appliances: Washer/Dryer
  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air, Natural Gas

  • Building Information

    Year Built: 2014 Building Area Total: 3314 Construction Materials: Wood Siding, Frame Private Pool: No

  • Lot Information

    Main Square Feet: 1 Acres Lot Size Acres: 1.43 Lot Size Square Feet: 62290.8 Lot Description: Sloped, Gentle Sloping, Waterfront

  • Listing Price Information

    Listing Price: $725000

  • Tax Information

    Parcel Number: 55722000L001 Tax Legal Desc: Winterwood L1

  • Parking Information

    Attached

    Garage Information

    Has Garage: Yes Has Attached Garage: Yes Garage Space: 4

  • School Information

    Elementary School: BTV-Undiscl by LL
    Junior High School: Houston
    Senior High School: Houston
  • Location Information

    Direction: Parks Hwy to Right on Meadow Lakes Loop at Circle K, Left on N Meadow Lakes Drive. Property on the left. WaterSource: Well Security Features: Smoke Detector(s), Carbon Monoxide Detector(s)
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ByOwner last updated this listing 06/23/2026 @ 11:02

MLS: 26-7536 LISTED BY: Devon Doran, Signature Real Estate Alaska 907-631-3033 SOURCE: Alaska Multiple Listing Service

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