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Prime Location! A truly unique investment/development opportunity in an established area! This well-cared-for property offers a rare combination of existing residential income, shop/garage space, commercial frontage, and future development potential. The lot has been amended to allow multi-use and subdivision, contingent upon utility hookups, creating possibilities rarely found in this area. The upper portion of the property features a fully functional, newly updated triplex configuration. Improvements include a detached two-car garage with a separate 1-bedroom, 1-bath apartment above. You will also find a separate detached high-bay garage/shop offering excellent storage, workspace, or additional income potential. The main top/bottom duplex completes the residential improvements, with a spacious 2-bedroom, 1.5-bath upper unit and a 1-bedroom, 1-bath lower unit with an office, walkout patio, and gas fireplace. Both duplex units have been updated and/or fully remodeled in 2026 including new sheetrock, flooring, plumbing, appliances, and more.The lower portion of the property fronts the Parks Highway and offers exciting commercial and development potential. With city water and sewer located at the adjacent property, the groundwork is in place for a buyer to explore a variety of future possibilities.Whether you're looking for an income-producing property, owner-occupant opportunity, shop space, future subdivision, commercial exposure, or a combination of them all, this property is truly one of a kind. A well-maintained property with existing improvements today and endless potential for tomorrow.
Property Type(s):
Multi Family
| Last Updated | 8/17/2026 | Year Built | 1977 |
|---|---|---|---|
| Community | 1D - Matanuska Susitna Borough | Garage Spaces | 2.0 |
| County | Matanuska-Susitna Borough |
SCHOOLS
| Elementary School | BTV-Undiscl by LL |
|---|---|
| Jr. High School | BTV-Undiscl by LL |
| High School | BTV-Undiscl by LL |
Additional Details
| APPLIANCES | Washer/Dryer |
|---|---|
| AREA | 1D - Matanuska Susitna Borough |
| CONSTRUCTION | Frame, Metal Siding, Wood Siding |
| GARAGE | Attached Garage, Yes |
| HEAT | Natural Gas, Separate Meters |
| LOT | 0.94 acre(s) |
| LOT DESCRIPTION | Bluff, Level |
| LOT DIMENSIONS | 40946.4 |
| PARKING | Attached, Detached, Other |
| SEWER | Septic Tank |
| TAXES | 3530.83 |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s) |
| WATER | Well |
Listing Office: Signature Real Estate Alaska
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 Petersburg Properties LLC are marked with either the listing brokerage’s logo or 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.
Copyright 2026 Alaska Multiple Listing Service, Inc. All rights reserved
This IDX solution is (c) Diverse Solutions 2026.
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