Residential Income In Wasilla

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.