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For sale
  • Price cut: $20K (10/17)
    $680,000

    500 W Roy Rd, Wasilla, AK 99654

    8beds
    4,400sqft
    : 
    Quadruplex
    Built in 2004
    -- sqft lot
    $678,000 Zestimate®
    $155/sqft
    $-- HOA

    What's special

    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!
    219 days
    |
    424
    |
    28
    |

    Likely to sell faster than

    Zillow last checked: 8 hours ago

    Listing updated: October 27, 2025 at 08:01pm

    Listed by:

    Scott Blair,

    My Favorite Realty LLC

    Source: AKMLS,MLS#: 25-6514MLS Logo

    Tour with a local 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: Septic Tank
    • Water: Well

    Community & HOA

    Location
    • Region: Wasilla

    Financial & listing details

    • Price per square foot: $155/sqft
    • Annual tax amount: $7,031
    • Date on market: 5/31/2025
    Get pre-qualifiedBe ready to make an offer.
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    Estimated market value

    $678,000

    $644,000 - $712,000

    $1,979/mo

    Price history

    Price history
    DateEventPrice
    10/17/2025Price change$680,000-2.9%$155/sqft
    Source: AKMLS #25-6514 Report a problem
    8/16/2025Price change$700,000-6%$159/sqft
    Source: AKMLS #25-6514 Report a problem
    7/7/2025Price change$745,000-1.3%$169/sqft
    Source: AKMLS #25-6514 Report a problem
    6/6/2025Listed for sale$755,000$172/sqft
    Source: AKMLS #25-6514 Report a problem

    Public tax history

    Public tax history
    Tax history is unavailable.

    BuyAbility℠ payment

    Est. payment
    $4,073/mo
    Principal & interest
    $3240
    Property taxes
    $595
    Home insurance
    $238

      Climate risks

      Neighborhood: Tanaina

      Nearby schools

      GreatSchools rating
      Schools provided by the listing agent
      • Elementary: Tanaina
      • Middle: Teeland
      • High: Wasilla

      Source: AKMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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