500 W Roy Rd Wasilla, AK 99654
Estimated payment $4,145/month
Highlights
- 8 Car Attached Garage
- Attached Carport
- Baseboard Heating
About This Home
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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,032
Year Built
- Built in 2004
Lot Details
- 0.92 Acre Lot
Home Design
- 4,400 Sq Ft Home
- Quadruplex
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Parking
- 8 Car Attached Garage
- Attached Carport
Schools
- Tanaina Elementary School
- Teeland Middle School
- Wasilla High School
Utilities
- Baseboard Heating
- Well
- Septic Tank
Community Details
Overview
- 4 Units
Building Details
- Electric Expense $80
- Fuel Expense $242
- Professional Management Expense $400
- Trash Expense $145
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/18/2025 10/18/25 | Price Changed | $680,000 | -2.9% | $155 / Sq Ft |
| 08/16/2025 08/16/25 | Price Changed | $700,000 | -6.0% | $159 / Sq Ft |
| 07/07/2025 07/07/25 | Price Changed | $745,000 | -1.3% | $169 / Sq Ft |
| 06/06/2025 06/06/25 | For Sale | $755,000 | -- | $172 / Sq Ft |
Source: Alaska Multiple Listing Service
MLS Number: 25-6514
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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 Ten-X are marked with either the listing brokerage’s logo or 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. Copyright 2025 Alaska Multiple Listing Service, Inc. All rights reserved.
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