1 / 15$680,000
Originally $755,000
500 W Roy Road
Wasilla AK 99654
My Favorite Realty LLC
8
Bedrooms
4
Bathrooms
4,400
Sq Ft
2004
Year Built
MLS# 25-6514· Listed May 30, 2025
Live MLS feedAbout 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.
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
Water source: Well
Well symbol marked on survey map
type: Well · Well symbol marked on survey mapView source — As-Built
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Property Details
Heating
Sewer
Price & Status History
* Alaska is a non-disclosure state. Prices shown are listed asking prices, not recorded sale prices.
Listed by: Scott Blair · My Favorite Realty LLC

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Mortgage Estimate
$4,072/mo
$612,000 loan · 30yr · 7.0%
Estimate only. Taxes & insurance not included. Rates vary by lender.
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