1586 N Meadow Lakes Drive, Wasilla, AK 99623
Overview
Description
Supplements: ... (Read more) 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.
Thank you for reading this post, don't forget to subscribe!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