2701 S Knollwood Drive, Wasilla, AK 99623

$539,000
Property Type: Multi-Family Bedrooms: 4 Baths: 5 Square Footage: 2,238 Lot Size (sq. ft.): 40,511 Status: Active
Current Price: $539,000 Last Modified: 6/01/2026

Overview

Description

Excellent income-producing multi-family property offering 3 strong rental units on a very private lot just 1.5 miles from Big Lake. Unit A is partly furnished and features a spacious 1-bedroom layout with office, loft, and 2 full bathrooms, ideal for an owner or long-term tenant.

Supplements: Unit B is fully furnished, turnkey, and ready for immediate short-term rental income with 2 bedrooms, 2 baths, and impressive sunrise and sunset views that attract guests year-round. Unit C is an efficient studio with full bath, perfect for steady rental demand. Major improvements include a brand-new septic system and all new build plumbing, provid ...

Listing Details MLS# 26-5384

Contract Info

Price-List
539000
Date-Listing
2026-05-14
Foreclosure/Bank Own
No

Location Tax and Legal

Area
WA - Wasilla
Street #
2701
Directional
S
Street Name
Knollwood
Arterial
Drive
Closest USPS Town
Wasilla
State
AK
Zip Code
99623

Property Info

Realtor.com Type
Multi-Family
Construction Status
Existing Structure
Beds
4
Bathrooms Three Quarter
2
Bathrooms Full
3
Bathrooms Total
5
Bldgs-Ttl #
Yes
Year Built
1983
Year Remodeled
2021
Year Updated
2025
SF-Res
2238
Number of Units
3
SF-Lot
40510.8
Acres
0.93
Prkg Spcs
4
Lot Area Source
Plat
Zoning
MFR - Multi-Family Residential
Bathrooms Half
0
Garage Spaces
0
Carport Spaces
0

Directions and Remarks

Directions
From Wasilla: Take Parks Hwy to Big Lake Rd. Continue ~5 miles, turn left on Southpark Ave, right on Maplewood Dr, then left on 2701 S Knollwood Dr. Property is on left.

Unit #1

Bath - Full
2
Bedroom
Yes
Kitchen
Yes
Living Room
Yes
Extra Room
2

Unit #2

Bath - Full
2
Bedroom
2
Kitchen
Yes
Living Room
Yes

More Information

Unit #3

Bath - Full
Yes
Bath-Half
Yes

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
WA14
Legal
Knollwood Heights L12 B3
School-Elementary
Big Lake
School-Middle
Houston
School-High
Houston

Multi-Family Type

Triplex
Yes

Listing Terms Financing

Cash
Yes
Conventional
Yes

Heating

Forced Air
Yes

Foundation Type

Poured Concrete
Yes

View Type

Mountains
Yes

Wtrfrnt-Access Near

None
Yes

Wtrfrnt-Frontage

None
Yes

Sewer-Type

Septic Tank
Yes

Water Source

Well
Yes

Property Features

Multi-Family Type: Triplex Foundation Type: Poured Concrete Heating: Forced Air Sewer-Type: Septic Tank Water Source: Well View Type: Mountains Wtrfrnt-Frontage: None Wtrfrnt-Access Near: None Listing Terms Financing: Cash; Conventional
IDX
Listing Office: Congress Realty, Inc
Last Updated: June - 01 - 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.