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Three-Unit Multifamily Property
For Sale
$699,000

1586 N Meadow Lakes Dr, Wasilla, AK 99623

Separate apartment and home units offer flexible occupancy and lake-access proximity near Wasilla.

Property Size3,314 SF
Price / SF$210.92
Days on Market43

Property Features for 1586 N Meadow Lakes Dr

General Information

Standard status Active
Size 3,314 SF
Property subtype Multi-Family

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 3

Amenities

open-concept layout
on-demand water heaters
electronic entry systems
independent thermostats
bay windows
vaulted ceilings
sliding glass door
private deck
garage

Building Details

Year Built 2014
Listing Agency: Signature Real Estate Alaska
Listed By: Devon Doran
Source: Kristancole
Added: Jul 21 Changed: Aug 30 Last Checked: Aug 31 at 7:11PM

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

Investment Insights

Based on property information with market context.

This three-unit multifamily property contains two 2-bedroom, 1-bath apartments and a detached home, with 3,314 square feet overall. The apartments are on month-to-month leases, while the home is leased through 05/31/2027. The detached residence was built in 2024 and has a dedicated septic system; the property’s stated year built is 2014.

All units feature open-concept kitchen, dining, and living areas, individual on-demand water heaters, electronic entry systems, and independent thermostats. Bay windows bring natural light to the living spaces and primary bedrooms. The upper apartment adds vaulted ceilings and a sliding door to a private deck, while garage space is also included.

Located at 1586 N Meadow Lakes Dr in Wasilla, the property is moments from the Seymour Lake public boat launch and approximately 10 minutes from Wasilla.

Key Highlights

  • Three separate units: two 2BR/1BA apartments plus a detached home
  • 3,314 SF multifamily property at 1586 N Meadow Lakes Dr, Wasilla, AK 99623
  • Detached home built in 2024 with its own septic system

Property Analytics

Current Use

Triplexes

Lease Details

3
Residential units

Location Intelligence

Demographics for 99623, AK

23,878
Population
9,084
Households
2.6
Avg Household Size
34
Median Age
17%
College-Educated
92%
High-School Grad
258.5 sq mi
ZIP Area
92
Density / Sq Mi
$87,606
Median Household Income
$49,110
Median Earnings
$1,558
Median Rent
$294,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Separate apartment and home units offer flexible occupancy and lake-access proximity near Wasilla.
Where is this triplex located?
The property is located at 1586 N Meadow Lakes Dr Wasilla, AK.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Three separate units: two 2BR/1BA apartments plus a detached home; 3,314 SF multifamily property at 1586 N Meadow Lakes Dr, Wasilla, AK 99623; Detached home built in 2024 with its own septic system
More about this property
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