500 W Roy Rd Wasilla, AK 99654
Property details
About 500 W Roy Rd
Exceptional Fourplex Investment Opportunity Just Outside City Limits Rare opportunity to own a well-maintained fourplex just outside Wasilla city limits - enjoy lower taxes while still being minutes from town amenities. This 8-bedroom, 4-bath multi-family property offers a perfect blend of comfort and investment potential, ideal for owner-occupants seeking rental income. Each of the four units features 2 spacious bedrooms and 1 full bathroom, designed for maximum functionality and tenant appeal. Units include in-unit washers and dryers, saving tenants time and money while reducing maintenance headaches for the owner. Private one-car garages for each unit provide secure parking and added storage, a rare and highly sought-after feature in the local rental market. All units are currently rented below market value, giving new owners the opportunity to increase cash flow over time by adjusting rents to meet current market rates. Whether you choose to live in one unit or lease all four, there's clear, built-in equity growth through rental optimization. The property is situated on a quiet, accessible road with plenty of outdoor space, offering a more private, relaxed setting than properties located within city boundaries. Strong rental demand in this area means high occupancy rates and consistent cash flow potential. Live in one unit and let the other three units offset your mortgage - or generate passive income from all four. Why buy a single-family home when you can live for less and build wealth at the same time? With limited multi-family inventory in the Wasilla area, this is your chance to secure a property that pays you back every month. Don't miss out - opportunities like this move fast. Schedule your showing today and take the first step toward financial freedom!
Highlights
Summary
- Full Bathrooms: 4
- Total Bedroom Count: 8
- Garage Space: 4 spaces
- Attached Garage: Yes
- Heating: Baseboard
- List Price: $745,000
- Price/SqFt: $169
- Annual Tax Amount: $7,031
- Tax Year: 2024
- Directions: From Parks Hwy head North on Lucille St. Turn Left on Spruce Ave, Right on W Roy Rd and the property is on the Right.
- Year Built: 2004
- Living Area: 4,400 SqFt
- Lot Size: 0.92 Acres
- MLS Number: 25-6514
- MLS Name: Alaska Multiple Listing Service
- Office Name: My Favorite Realty LLC
- Office Phone: (907) 746-4663
- Office Email: scott@myfavoriterealtyAK.com
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 this broker 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. All square footages are approximations. School boundaries are subject to change. Information is not guaranteed and should be independently verified for accuracy.
Copyright 2025 Alaska Multiple Listing Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/8/2025, 6:40:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $650,800 | $7,031 |
| 2023 | $504,200 | $6,193 |
| 2022 | $462,000 | $6,058 |
| 2021 | $424,200 | $6,156 |
| 2020 | $424,200 | $6,351 |
| 2019 | $424,200 | $6,308 |
| 2018 | $420,000 | $6,308 |
| 2017 | $424,200 | $6,371 |
History based on county public records data.
Nearby schools
4
Tanaina Elementary School
Public District KG-5
0.5 mi
•2550 N Lucille St
5
Iditarod Elementary School
Public District KG-5
1.2 mi
•455 E Carpenter Cir
5
Larson Elementary School
Public District KG-5
2.5 mi
•2722 E Seldon Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $67,756. Typical income of Wasilla, AK residents is between $35k-100k annually. The most common type of family is married, with kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Soccer
College Football
Pro Wrestling
Where do the neighbors shop?
Old Navy
Best Buy
Family Dollar
Where do the neighbors go to eat?
Jimmy Johns
Texas Roadhouse
Dominos Pizza
What do the neighbors drive?
GMC
Ram
Ford
What do the neighbors listen to?
New Country
Contemporary Christian
Country
Frequently asked questions
Living in Wasilla, AK
Transportation in Wasilla includes a network of roads and highways that connect residents to nearby cities and natural attractions. Public transit options are available, with schedules that cater to the most frequented routes. The area is known for its scenic drives rather than walkability, but there are select areas where walking and biking are enjoyable. Ride-sharing services are present, complementing the transportation needs of the community.
The community benefits from a range of essential services, including public schools that serve different age groups, healthcare facilities with various specialties, and a public library system. Retail and dining options in Wasilla reflect the local culture, offering both Alaskan specialties and familiar favorites. The city is attentive to the evolving needs of its residents, with initiatives aimed at enhancing service provisions.
Wasilla is celebrated for its stunning natural landscapes and outdoor recreational opportunities. The community prides itself on a relaxed, friendly atmosphere that's deeply connected to the surrounding wilderness. Seasonal events and local festivals highlight the town's cultural identity and the residents' love for the great outdoors.
Wasilla's housing market is diverse, offering a mix of single-family homes, apartments, and townhouses. The architectural styles vary, with a prevalence of rustic and modern designs that reflect the region's natural beauty and contemporary growth. Single-family homes are the most common, providing spacious living suitable for families and individuals who appreciate larger lots and privacy.
About 500 W Roy Rd
The listing price of 500 W Roy Rd property is $745,000.
The property 500 W Roy Rd is a multi located in Wasilla, Alaska, 99654.
Active Listing: 500 W Roy Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 500 W Roy Rd are: Tanaina Elementary School (GreatSchools Rating 4/10), Iditarod Elementary School (GreatSchools Rating 5/10), Larson Elementary School (GreatSchools Rating 5/10), Teeland Middle School (GreatSchools Rating 5/10), Fronteras Charter School (GreatSchools Rating 7/10), Midnight Sun Family Learning Center (GreatSchools Rating 6/10), Twindly Bridge Charter School (GreatSchools Rating 5/10), Wasilla High School (GreatSchools Rating 5/10), Wasilla Middle School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $7,031 (source: MLS/based on county public records data).
The property 500 W Roy Rd is 4,400 SqFt (source: MLS/tax record).
The year of construction for 500 W Roy Rd is 2004.
This home is located at 500 W Roy Rd in Wasilla, AK and zip code 99654. This 4,400 square foot home, which was built in 2004, sits on a 0.92 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 31, 2025 and is currently priced at $745,000.
Between May and June 2025, Wasilla, AK real estate market has seen decrease in the number of listings by 2.8%. Listings spent 66 days on the market in June 2025, and had a median list price of $419,900 during the same period.