1586 N Meadow Lakes Drive, Wasilla, AK 99623

$725,000
Property Type: Multi-Family Bedrooms: 7 Baths: 4 Square Footage: 3,314 Lot Size (sq. ft.): 62,291 Status: Active
Current Price: $725,000 Last Modified: 6/23/2026

Description

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.

Supplements: 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 septic 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.

More Information MLS# 26-7536

Contract Info

Price-List: 725000 Date-Listing: 2026-06-21 Status: Active Foreclosure/Bank Own: No

Location Tax and Legal

Area: ML - Meadow Lakes Street #: 1586 Directional: N Street Name: Meadow Lakes Arterial: Drive Closest USPS Town: Wasilla State: AK Zip Code: 99623

Property Info

Realtor.com Type: Multi-Family Construction Status: Existing Structure Beds: 7 Bathrooms Full: 4 Bathrooms Total: 4 Bldgs-Ttl #: 2 Year Built: 2014 Year Remodeled: 2024 SF-Res: 3314 Number of Units: 3 SF-Lot: 62290.8 Acres: 1.43 Garage Spaces: 4 Prkg Spcs: 8 Lot Area Source: Tax Authority Zoning: UNZ - Not Zoned-all MSB but Palmer/Wasilla/Houston

Directions and Remarks

Directions: Parks Hwy to Right on Meadow Lakes Loop at Circle K, Left on N Meadow Lakes Drive. Property on the left.

Unit #1

Bath - Full: 1 Bedroom: 2 Dining Room: 1 Kitchen: 1 Living Room: 1 Garage: 1 Parking Spaces: 2

Unit #2

Bath - Full: 1 Bedroom: 2 Dining Room: 1 Kitchen: 1 Living Room: 1 Garage: 1 Parking Spaces: 2

Unit #3

Bath - Full: 2 Bedroom: 3 Dining Room: 1 Kitchen: 1 Living Room: 1 Primary Bedroom: 2 Garage: 2 Parking Spaces: 4

Property Features

Multi-Family Type: Other - See Remarks Exterior Finish: Wood Roof Type: Asphalt; Shingle Foundation Type: Block; Poured Concrete Construction Type: Wood Frame Garage Type: Attached Carport Type: None Heating: Forced Air; Natural Gas Sewer-Type: Septic Tank Water Source: Well Access Type: Paved; Maintained Topography: Sloping Wtrfrnt-Frontage: Slough/Estuary Wtrfrnt-Access Near: Lake Features-MultiFamily: CO Detector(s); DSL-Cable Available; Smoke Detector(s); Washer/Dryer
Listing Office: Signature Real Estate Alaska
Last Updated: June - 23 - 2026
1586 N Meadow Lakes Drive, Wasilla, AK 99623- MLS# 26-7536
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.