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4-Unit Multifamily Property

1261 East Spruce Avenue, Wasilla, AK 99654

For Sale
Contact for pricing

Each residence has a garage, while the three additional units also include in-unit laundry.

Property SizeContact for details
Days on Market22

Property Features for 1261 East Spruce Avenue

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 1 x 3BR/2BA (1400 sqft), 3 x 3BR/1.5BA (1100 sqft)
Multifamily Units 4
Individually Metered Utilities gas, electricity

Additional Details

Tenant in Place Yes

Amenities

washer/dryer
patio
Listing Agency: Signature Real Estate Alaska
Listed By: Katherine deHoop · License AK #16735
Source: Crexi
Added: Oct 24 Changed: Nov 8 Last Checked: Nov 12 at 5:27AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Signature Real Estate Alaska

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

The property contains four residences: an owner’s unit with 3 bedrooms, 2 bathrooms, and 1,400 square feet, plus three units with 3 bedrooms, 1.5 bathrooms, and 1,100 square feet each. The owner’s residence has a two-car garage and a patio. Each of the other units includes a one-car garage, washer and dryer, and patio.

Gas and electric service are separately metered for the rental units. The property is served by two 2,000-gallon septic tanks.

Key Highlights

  • Four residences: one 3‑bedroom, 2‑bath unit and three 3‑bedroom, 1.5‑bath units
  • Owner’s unit measures 1,400 square feet and has a two‑car garage and patio
  • Each of the three additional units measures 1,100 square feet and includes a one‑car garage, washer and dryer, and patio

Property Analytics

Lease Details

4
Residential units

Location Intelligence

Demographics for 99654, AK

40,726
Population
17,006
Households
2.4
Avg Household Size
35
Median Age
24%
College-Educated
95%
High-School Grad
113.6 sq mi
ZIP Area
359
Density / Sq Mi
$93,739
Median Household Income
$53,748
Median Earnings
$1,233
Median Rent
$342,200
Median Home Value

Market

Average Price Trend$/SF for Multifamily properties in Matanuska-Susitna County, AK

$208 Jul
$212 Aug
$209 Sep
$202 Oct

Properties on Market for Multifamily properties in Matanuska-Susitna County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Each residence has a garage, while the three additional units also include in-unit laundry.
Where is this multifamily property located?
The property is located at 1261 East Spruce Avenue Wasilla, AK.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: Four residences: one 3‑bedroom, 2‑bath unit and three 3‑bedroom, 1.5‑bath units; Owner’s unit measures 1,400 square feet and has a two‑car garage and patio; Each of the three additional units measures 1,100 square feet and includes a one‑car garage, washer and dryer, and patio
(907) 230-8522 Call to check price and availability
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