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Pending
  • $680,000

    500 W Roy Rd, Wasilla, AK 99654

    8beds
    4,400sqft
    : 
    Quadruplex
    Built in 2004
    -- sqft lot
    $-- 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!
    328 days
    |
    17
    |
    0
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Scott Blair,

    My Favorite Realty LLC

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

      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
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,037/mo

        Price history

        DateEventPrice
        3/4/2026Pending sale$680,000$155/sqft
        Source: AKMLS #25-6514 Report a problem
        2/8/2026Listed for sale$680,000$155/sqft
        Source: AKMLS #25-6514 Report a problem
        1/11/2026Pending sale$680,000$155/sqft
        Source: AKMLS #25-6514 Report a problem
        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

        Tax history is unavailable.

        Monthly payment

        Est. payment
        $3,900/mo
        Principal & interest
        $3305
        Property taxes
        $595
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          Climate risks

          Neighborhood: Tanaina

          Getting around

          11 / 100
          Car-Dependent
          55 / 100
          Bikeable

          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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