500 W Roy Road, Wasilla, AK

$700,000

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8

Beds

4

Baths

4,400

Square feet

0.92

Acres

About 500 W Roy Road

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!

Features of 500 W Roy Road

MLS® # 25-6514
Price $700,000
Bedrooms 8
Bathrooms 4.00
Full Baths 4
Square Footage 4,400
Acres 0.92
Year Built 2004
Type Multi-Family
Sub-Type Four-Plex
Status Active

Community Information

Address 500 W Roy Road
Area WA - Wasilla
Subdivision Western Spruce Estates L4 B2
City Wasilla
State AK
Zip Code 99654

Amenities

Parking Spaces 8
Parking Attached
Garage Spaces 4
Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Exterior

Construction Wood Frame
Foundation Poured Concrete

School Information

Elementary Tanaina
Middle Teeland
High Wasilla

Additional Information

Date Listed May 30th, 2025
Days on Market 70
Zoning UNZ - Not Zoned-all MSB but Palmer/Wasilla/Houston
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeMy Favorite Realty LLC

Listing Map

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