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South Lakes Multifamily Homes & Duplexes for Sale

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  • /11

    $450,000

    • 4 Beds
    • 2 Baths
    • 1,600 Sq Ft

    700 N Colonial Dr, Wasilla, AK 99654

    This almost new duplex is perfect for those who prefer turnkey. Completely rebuilt 23/24 & BEAUTIFUL inside! To include upgraded appliances. This is a sought-after location centrally located in a subdivision, with private access to a Colonial Park & Cottonwood Lake! Lake access to enjoy w/ out the lakefront price!! See CCRS, this location allows for more than 2 units. BTV.

    Agent Photo

    Shannon Parberry

    Jack White Real Estate Mat Su

    (844) 790-5121

    700 N Colonial Dr, Wasilla, AK 99654
  • /80

    $1,300,000

    • 18 Beds
    • 8 Baths
    • 8,400 Sq Ft

    2601 E Quiet Cir, Wasilla, AK 99654

    Amazing Wasilla Multi Family opprotunity.This property features two fourplexs on just over 2 acres of land. Situated just minutes from the Parks Highway makes for an easy commute to Anchorage or local valley travel. Each home comes complete with 2 bedrooms, 1 bathroom, livingroom, dining room, kitchen2 deticated parking spaces and a private attached storage closet.All but 3 of the homes have been

    Heather Brinley EXP Realty, LLC Anchorage

    2601 E Quiet Cir, Wasilla, AK 99654

Why Live in South Lakes

South Lakes in Wasilla is a neighborhood known for its budget-friendly homes with ample acreage and convenient commuting options to Anchorage. The area features a variety of home styles, including ramblers, split levels with cabin-like exteriors, and new constructions, many of which sit on lots ranging from one to two acres. Waterfront homes with private docks are also available, providing opportunities for fishing, swimming, and boating. The Matunuska-Sisitna School District serves the area, with Cottonwood Creek Elementary, Teeland Middle School, and Colony High School all receiving above-average ratings for test scores and student progress. Residents enjoy proximity to over a dozen lakes and outdoor recreation areas, such as Wasilla Lake and Cottonwood Creek Lake, which are ideal for boating, kayaking, and ice fishing. Newcomb Park and Cottonwood Creek Park offer additional features like hiking trails, picnic spots, and playgrounds. The neighborhood is primarily residential, with forested areas and sparkling lakes, yet remains well-connected to Anchorage via Parks Highway, making it a popular choice for commuters. Local amenities include big box stores like Target and Fred Meyer, as well as dining options such as Hacienda Mexican and Holy Moley Donuts. For more variety, Downtown Wasilla offers locally owned restaurants, boutiques, and breweries like Bearpaw River Brewing Company and Tailgaters Sports Bar.

Home Trends in South Lakes, AK

Housing Trends

Median Sale Price
$465,000
Median Single Family Sale Price
$425,830
Median Townhouse Sale Price
$365,990
Median 2 Bedroom Sale Price
$460,000
Median 1 Bedroom Sale Price
$315,000
Average Price Per Sq Ft
$204
Number of Homes for Sale
8
Last 12 months Home Sales
25
Months of Supply
3.80
Median List Price
$425,830
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
43%
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