1586 N Meadow Lakes Drive, Wasilla, AK

$699,000

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7

Beds

4

Baths

3,314

Square feet

1.00

Acre

About 1586 N Meadow Lakes Drive

Great owner-occupant or investment opportunity just down the street fromthe Seymour Lake public launch. Property includes two 2BR/1BA units rented at $1,350/month each and a detached home built in 2024, leased through 05/31/2027 at $2,250/month. Features include open-concept living, on-demand water heaters, independent thermostats, garage space, and strong income potential. Fantastic opportunity for an owner-occupant or investor seeking a versatile income-producing property in a convenient location just 10 minutes from Wasilla and moments from the Seymour Lake public boat launch. The property consists of three separate units, including two 2-bedroom, 1-bath apartments currently rented for $1,350 per month each on month-to-month leases. The detached home was built in 2024, has its own septic system, and is currently leased through 05/31/2027 at $2,250 per month, providing stable long-term income. Each unit is thoughtfully designed with open-concept kitchen, dining, and living areas, creating a spacious and functional layout. Additional features include individual on-demand water heaters, electronic entry systems, independent thermostats, and bay windows that provide abundant natural light in both the primary bedrooms and living spaces. The upper unit features vaulted ceilings and a sliding glass door leading to a private deck. Whether you're looking to live in one unit and offset your mortgage with rental income or add a strong-performing property to your investment portfolio, this property offers flexibility, cash flow, and long-term potential.

Features of 1586 N Meadow Lakes Drive

MLS® # 26-7536
Price $699,000
Bedrooms 7
Bathrooms 4.00
Full Baths 4
Square Footage 3,314
Acres 1.00
Year Built 2014
Type Multi-Family
Sub-Type Other - See Remarks
Status Active

Community Information

Address 1586 N Meadow Lakes Drive
Area ML - Meadow Lakes
Subdivision Winterwood L1
City Wasilla
State AK
Zip Code 99623

Amenities

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

Interior

Heating Forced Air, Natural Gas
Fireplace No
Has Basement No

Exterior

Roof Shingle, Asphalt
Construction Wood Frame
Foundation Block, Poured Concrete

School Information

Elementary BTV-Undiscl by LL
Middle Houston
High Houston

Additional Information

Date Listed June 21st, 2026
Days on Market 9
Zoning UNZ - Not Zoned-all MSB but Palmer/Wasilla/Houston
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeSignature Real Estate Alaska

Listing Map

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