New Construction Detached
3207 N Loon Shore Dr, Wasilla, AK 99623
For Sale
$699,999
Two separately metered homes provide private layouts, attached garages, and energy-efficient construction.
Property Size3,080 SF
Lot Size1.35 Acres
Price / SF$227.27
Days on Market97
Property Features for 3207 N Loon Shore Dr
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
Signature Real Estate Alaska
Listed By:
Devon Doran
(907) 631-3033
Source:
Griggrealty
Added: Aug 10
Changed: Nov 6
Last Checked: Nov 12 at 9:28AM
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
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Investment Insights
Based on property information with market context.
This detached duplex comprises two separate 3BR/2.5BA homes on a 1.35-acre parcel, offering greater separation than a conventional side-by-side configuration. Each residence includes a two-car garage, vaulted living room, spacious kitchen and dining area, quartz countertops, and a primary suite with a walk-in closet and dual vanities. The homes are separately metered and designed for energy efficiency and reduced maintenance. Construction is underway, with approximately six months projected from the start of construction to completion. Builder warranty coverage is included, and selections may still be customized during the build process.
The property is located in the Meadow Lakes area near trails, lakes, and recreational opportunities. Its layout supports an owner-occupant arrangement with a separate second residence or a two-home rental configuration, as described in the property information.
The property is located in the Meadow Lakes area near trails, lakes, and recreational opportunities. Its layout supports an owner-occupant arrangement with a separate second residence or a two-home rental configuration, as described in the property information.
Key Highlights
- Two detached 3BR/2.5BA homes on a 1.35‑acre lot
- Each residence includes a 2‑car garage
- Separately metered and designed for energy efficiency
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,768
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$815,360
$815.4K
Cap Rate 7%
$582,400
$582.4K
Cap Rate 9%
$452,978
$453.0K
Market Conditions
NOI Build-Up for 3,080 SF
Gross rent
$61.0K $19.80/SF
− Vacancy
−$2.7K −$0.89/SF
EGI
$58.2K $18.91/SF
− OpEx
−$17.5K −$5.67/SF
NOI
$40.8K $13.24/SF
Area
Matanuska-Susitna County, AK
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$815,360
Cap Rate 7%
$582,400
Cap Rate 9%
$452,978
Alternative Uses
Best Use
Multifamily LT 5
$582.4K
$509.6K – $679.5K
NOI $40,768 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$517.6K
$452.9K – $603.8K
NOI $36,229 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$849.0K
$742.9K – $990.5K
NOI $59,432 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered homes provide private layouts, attached garages, and energy-efficient construction.
Where is this duplex located?
The property is located at 3207 N Loon Shore Dr Wasilla, AK.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Two detached 3BR/2.5BA homes on a 1.35‑acre lot; Each residence includes a 2‑car garage; Separately metered and designed for energy efficiency
