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 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!
For sale
Price cut: $10K (7/7)
$745,000
500 W Roy Rd, Wasilla, AK 99654
8beds
4,400sqft
Est.:
Quadruplex
Built in 2004
-- sqft lot
$717,300 Zestimate®
$169/sqft
$-- HOA
What's special
- 37 days
- on Zillow |
- 436 |
- 40 |
Zillow last checked: 7 hours ago
Listing updated: 11 hours ago
Listed by:
Scott Blair,
My Favorite Realty LLC
Source: AKMLS,MLS#: 25-6514

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard
Features
- Has basement: No
Interior area
- Total structure area: 4,400
- Total interior livable area: 4,400 sqft
Property
Parking
- Parking features: Attached
- Has attached garage: Yes
Features
- Waterfront features: No Access, None
Lot
- Size: 0.92 Acres
Details
- Parcel number: 5554B02L004
- Zoning: UNZ
- Zoning description: Not Zoned-all MSB but Palmer/Wasilla/Houston
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Frame
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 2004
Utilities & green energy
- Sewer: Community, Septic Tank
Community & HOA
Location
- Region: Wasilla
Financial & listing details
- Price per square foot: $169/sqft
- Annual tax amount: $7,031
- Date on market: 5/31/2025
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