500 W Roy Road, Wasilla, AK 99654

$680,000
Property Type: Multi-Family Bedrooms: 8 Baths: 4 Square Footage: 4,400 Lot Size (sq. ft.): 40,075 Status: Pending
Current Price: $680,000 Last Modified: 3/04/2026

Description

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.

Supplements: 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!

More Information MLS# 25-6514

Contract Info

Price-List: 680000 Date-Listing: 2025-05-30 Status: Pending 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 #: 1 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

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

Property Features

Multi-Family Type: Quadruplex Foundation Type: Poured Concrete Construction Type: Wood Frame Garage Type: Attached Heating: Baseboard Sewer-Type: Septic Tank Water Source: Well Wtrfrnt-Frontage: None Wtrfrnt-Access Near: None To Show: ShowingTime Listing Terms Financing: Cash; Conventional; FHA; VA Loan

Documents

Listing Office: My Favorite Realty LLC
Last Updated: March - 04 - 2026
500 W Roy Road, Wasilla, AK 99654- MLS# 25-6514
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.