1586 N Meadow Lakes Drive, Wasilla, AK 99623 (MLS # 26-7536)

Price $725,000
Status Active
Beds 7
Baths 4 Baths
Home size 3,314 sqft
Lot Size 1.43 ac
Days on Market 3
According to the listing agent, this listing may be a pre-foreclosure or short sale.
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.
Property Type(s): Multi Family
Last Updated 6/22/2026 Year Built 2014
Community 1D - Matanuska Susitna Borough Garage Spaces 4.0

SCHOOLS

Elementary SchoolBTV-Undiscl by LL
Jr. High SchoolHouston
High SchoolHouston

Additional Details

APPLIANCESWasher/Dryer
AREA1D - Matanuska Susitna Borough
CONSTRUCTIONFrame, Wood Siding
GARAGEAttached Garage, Yes
HEATForced Air, Natural Gas
LOT1.43 acre(s)
LOT DESCRIPTIONGentle Sloping, Sloped, Waterfront
LOT DIMENSIONS1.0
PARKINGAttached
SEWERSeptic Tank
WATERWell
Listing Office: Signature Real Estate Alaska
Alaska MLS

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.

Location

 

Contact us about this Property

 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Sarah Holmgrain to contact you even if your name is on a Federal or State "Do not call List".

Email a Friend