2701 S Knollwood Drive, Wasilla, AK 99623
$539,000
Property Type:
Multi-Family
Bedrooms:
4
Baths:
5
Square Footage:
2,238
Lot Size (sq. ft.):
40,511
Status:
Active
Current Price:
$539,000
Last Modified:
6/01/2026
Description
Excellent income-producing multi-family property offering 3 strong rental units on a very private lot just 1.5 miles from Big Lake. Unit A is partly furnished and features a spacious 1-bedroom layout with office, loft, and 2 full bathrooms, ideal for an owner or long-term tenant.
Supplements: Unit B is fully furnished, turnkey, and ready for immediate short-term rental income with 2 bedrooms, 2 baths, and impressive sunrise and sunset views that attract guests year-round. Unit C is an efficient studio with full bath, perfect for steady rental demand. Major improvements include a brand-new septic system and all new build plumbing, providing peace of mind and reduced maintenance. This property is perfect for investors or owner-occupants--live in one unit while the others offset your mortgage. Close to snowboarding, snowmachining, ice fishing, boating, hiking, and Big Lake recreation.
More Information MLS# 26-5384
Contract Info
Price-List: 539000
Date-Listing: 2026-05-14
Status: Active
Foreclosure/Bank Own: No
Location Tax and Legal
Area: WA - Wasilla
Street #: 2701
Directional: S
Street Name: Knollwood
Arterial: Drive
Closest USPS Town: Wasilla
State: AK
Zip Code: 99623
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Beds: 4
Bathrooms Three Quarter: 2
Bathrooms Full: 3
Bathrooms Total: 5
Bldgs-Ttl #: 1
Year Built: 1983
Year Remodeled: 2021
Year Updated: 2025
SF-Res: 2238
Number of Units: 3
SF-Lot: 40510.8
Acres: 0.93
Prkg Spcs: 4
Lot Area Source: Plat
Zoning: MFR - Multi-Family Residential
Directions and Remarks
Directions: From Wasilla: Take Parks Hwy to Big Lake Rd. Continue ~5 miles, turn left on Southpark Ave, right on Maplewood Dr, then left on 2701 S Knollwood Dr. Property is on left.
Unit #1
Bath - Full: 2
Bedroom: 1
Kitchen: 1
Living Room: 1
Extra Room: 2
Unit #2
Bath - Full: 2
Bedroom: 2
Kitchen: 1
Living Room: 1
Unit #3
Bath - Full: 1
Bath-Half: 1
Property Features
Multi-Family Type: Triplex
Foundation Type: Poured Concrete
Heating: Forced Air
Sewer-Type: Septic Tank
Water Source: Well
View Type: Mountains
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: None
Listing Terms Financing: Cash; Conventional
Listing Office: Congress Realty, Inc
Last Updated: June - 01 - 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.
