500 W Roy Road, Wasilla, AK 99654
Overview
Description
Supplements: ... (Read more) 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!
Listing Details MLS# 25-6514
Contract Info
- Price-List
- 680000
- Date-Listing
- 2025-05-30
- Foreclosure/Bank Own
- No
Sold Info
- Date-Pending
- 2026-03-03
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 Info
- Realtor.com Type
- Multi-Family
- Construction Status
- Existing Structure
- Beds
- 8
- Bathrooms Full
- 4
- Bathrooms Total
- 4
- Bldgs-Ttl #
- Yes
- Year Built
- 2004
- SF-Res
- 4400
- Number of Units
- 4
- SF-Lot
- 40075.2
- Acres
- 0.92
- Garage Spaces
- 4
- Prkg Spcs
- 8
- Lot Area Source
- Tax Authority
- Zoning
- UNZ - Not Zoned-all MSB but Palmer/Wasilla/Houston
- Bathrooms Half
- 0
- Bathrooms Three Quarter
- 0
- Carport Spaces
- 0
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.
Building Info
- Units- # of 2 BR
- 4
More Information
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
Multi-Family Type
- Quadruplex
- Yes
To Show
- ShowingTime
- Yes
Listing Terms Financing
- Cash
- Yes
- Conventional
- Yes
- FHA
- Yes
- VA Loan
- Yes
Heating
- Baseboard
- Yes
Construction Type
- Wood Frame
- Yes
Foundation Type
- Poured Concrete
- Yes
Wtrfrnt-Access Near
- None
- Yes
Garage Type
- Attached
- Yes
Wtrfrnt-Frontage
- None
- Yes
Sewer-Type
- Septic Tank
- Yes
Water Source
- Well
- Yes
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
As-Built ›