Pending

500 W Roy Road

Wasilla, AK 99654
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Bed 8

Bed

Bath 4

Bath

SqFt4,400

Sqft

SqFt40,075.20

Sqft(Lot)

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. 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 currentl y 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!

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Detail Ic Property Details

Property Type : Residential Income

Price : $680,000

AD Id : 74007010

MLS Id : 25-6514

Beds : 8

Lot Size : 40,075.20 Sqft

Living Area Size : 4,400

Year Built : 2004

Garage : 4

County : Matanuska-Susitna Borough

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Feature Features

  • Bedroom Information

    Total beds: 8

    Bathroom Information

    Total Baths: 4 Full Baths: 4
  • Heating & Cooling

    Has Heating: Yes Heating: Baseboard

  • Building Information

    Year Built: 2004 Building Area Total: 4400 Construction Materials: Wood Siding, Frame Private Pool: No

  • Lot Information

    Main Square Feet: 40075.2 Square Feet Lot Size Acres: 0.92 Lot Size Square Feet: 40075.2

  • Listing Price Information

    Listing Price: $680000 Original Price: $755000 Cash, Conventional, FHA, VA Loan

  • Tax Information

    Parcel Number: 5554B02L004 Tax Year: 2024 Annual Tax: $7031.53 Tax Legal Desc: Western Spruce Estates L4 B2

  • Parking Information

    Attached

    Garage Information

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

  • School Information

    Elementary School: Tanaina
    Junior High School: Teeland
    Senior High School: Wasilla
  • Location Information

    Direction: 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. WaterSource: Well
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ByOwner last updated this listing 06/07/2026 @ 21:02

MLS: 25-6514 LISTED BY: Scott Blair, My Favorite Realty LLC 907-746-4663 SOURCE: Alaska Multiple Listing Service

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