500 W Roy Road, Wasilla AK 996541 / 15

$680,000

Originally $755,000

Pending

500 W Roy Road

Wasilla AK 99654

My Favorite Realty LLC

8

Bedrooms

4

Bathrooms

4,400

Sq Ft

2004

Year Built

$155/sqft4-car garage0.92 acres lot

MLS# 25-6514· Listed May 30, 2025

Live MLS feed

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!

Documents & insights

1 document from current & prior listings · parcel #5554B02L004.

AI Summary

Summary of 1 document from this property's current and prior listings. 0 items worth reviewing, plus 2 additional facts captured.

A sample of what's in the documents

InfoCurrent listing

Water source: Well

Well symbol marked on survey map

type: Well · Well symbol marked on survey map
View source — As-Built
Unlock 1 more items + ask questions

Free signup. Google or phone. See everything the documents say about this property and ask anything. Bonus: new-listing alerts for the neighborhood.

Documents on this listing

The AI-generated analysis and answers inside each document stay locked until you sign in.

Ask anything about this property

Ask a question about these documents…

AI-assisted summaries may be incomplete. Always verify against source documents.

Property Details

Property TypeResidential Income
Full Baths4
Half Baths0
Garage Spaces4
ParkingAttached
Year Built2004
Lot Size0.92 acres
Parcel #5554B02L004
Annual Taxes$7,032 (2024)
MLS #25-6514

Heating

Baseboard

Sewer

Septic Tank

Price & Status History

3/6/2026
Listed for sale
$1,650-99.8%
$2/sqft
3/4/2026
Pending
$680,0000.0%
$155/sqft
Source: AKMLS #25-6514
5/30/2025
Listed for sale
$680,000
$155/sqft
Source: AKMLS #25-6514

* Alaska is a non-disclosure state. Prices shown are listed asking prices, not recorded sale prices.

Equal Housing Opportunity

Listed by: Scott Blair · My Favorite Realty LLC

Alaska MLS

© 2026 Alaska Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable but not guaranteed accurate by the MLS or Better Homes and Gardens Real Estate Dream Makers. Data last updated May 2026.

Better Homes and Gardens Real Estate Dream Makers · Licensed in Alaska. Fair Housing laws protect all buyers and sellers.

Teresa Jervis

Teresa Jervis

Real Estate Agent

Better Homes and Gardens Real Estate Dream Makers

Ready to schedule a private showing or answer your questions about this home.

No obligation · Response within 2 hours

Trusted by Clients

Mortgage Estimate

Down payment10% · $68,000
Interest rate7.0%
Loan term30 years

$4,072/mo

$612,000 loan · 30yr · 7.0%

Estimate only. Taxes & insurance not included. Rates vary by lender.

Teresa Jervis

Dream Makers

Similar Homes in Wasilla