1586 N Meadow Lakes Drive, Wasilla, AK 99623

$699,000
Property Type: Multi-Family Bedrooms: 7 Baths: 4 Square Footage: 3,314 Lot Size (sq. ft.): 62,291 Status: Active
Current Price: $699,000 Last Modified: 6/30/2026

Overview

Description

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.

Supplements: 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 mon ...

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Listing Details MLS# 26-7536

Contract Info

Price-List
699000
Date-Listing
2026-06-21
Foreclosure/Bank Own
No

Location Tax and Legal

Area
ML - Meadow Lakes
Street #
1586
Directional
N
Street Name
Meadow Lakes
Arterial
Drive
Closest USPS Town
Wasilla
State
AK
Zip Code
99623

Property Info

Realtor.com Type
Multi-Family
Construction Status
Existing Structure
Beds
7
Bathrooms Full
4
Bathrooms Total
4
Bldgs-Ttl #
2
Year Built
2014
Year Remodeled
2024
SF-Res
3314
Number of Units
3
SF-Lot
62290.8
Acres
1.43
Garage Spaces
4
Prkg Spcs
8
Lot Area Source
Tax Authority
Zoning
UNZ - Not Zoned-all MSB but Palmer/Wasilla/Houston
Bathrooms Half
0
Bathrooms Three Quarter
0
Carport Spaces
0

Directions and Remarks

Directions
Parks Hwy to Right on Meadow Lakes Loop at Circle K, Left on N Meadow Lakes Drive. Property on the left.

Unit #1

Bath - Full
Yes
Bedroom
2
Dining Room
Yes
Kitchen
Yes
Living Room
Yes
Garage
Yes
Parking Spaces
2

Unit #2

Bath - Full
Yes
Bedroom
2
Dining Room
Yes
Kitchen
Yes
Living Room
Yes
Garage
Yes
Parking Spaces
2

More Information

Unit #3

Bath - Full
2
Bedroom
3
Dining Room
Yes
Kitchen
Yes
Living Room
Yes
Primary Bedroom
2
Garage
2
Parking Spaces
4

Location, Tax and Legal

Region
1 - Southcentral Alaska Region
Borough/Census Area
1D - Matanuska Susitna Borough
Grid # (Muni Anch)
N/A
Tax Map #-Mat-Su
HO10
Legal
Winterwood L1
School-Elementary
BTV-Undiscl by LL
School-Middle
Houston
School-High
Houston

Multi-Family Type

Other - See Remarks
Yes

Exterior Finish

Wood
Yes

Heating

Forced Air
Yes
Natural Gas
Yes

Topography

Sloping
Yes

Roof Type

Asphalt
Yes
Shingle
Yes

Construction Type

Wood Frame
Yes

Foundation Type

Block
Yes
Poured Concrete
Yes

Wtrfrnt-Access Near

Lake
Yes

Garage Type

Attached
Yes

Wtrfrnt-Frontage

Slough/Estuary
Yes

Carport Type

None
Yes

Sewer-Type

Septic Tank
Yes

Water Source

Well
Yes

Access Type

Paved
Yes
Maintained
Yes

Features-MultiFamily

CO Detector(s)
Yes
DSL-Cable Available
Yes
Smoke Detector(s)
Yes
Washer/Dryer
Yes

Property Features

Multi-Family Type: Other - See Remarks Exterior Finish: Wood Roof Type: Asphalt; Shingle Foundation Type: Block; Poured Concrete Construction Type: Wood Frame Garage Type: Attached Carport Type: None Heating: Forced Air; Natural Gas Sewer-Type: Septic Tank Water Source: Well Access Type: Paved; Maintained Topography: Sloping Wtrfrnt-Frontage: Slough/Estuary Wtrfrnt-Access Near: Lake Features-MultiFamily: CO Detector(s); DSL-Cable Available; Smoke Detector(s); Washer/Dryer
IDX
Listing Office: Signature Real Estate Alaska
Last Updated: June - 30 - 2026
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.