Two-Cabin
8781 S Polaris Lane, Wasilla, AK 99654
For Sale
New
$249,900
Multi-Family, Wasilla, AK
Property Size1,267 SF
Lot Size0.92 Acres
Price / SF$197.24
Days on Market2
Property Features for 8781 S Polaris Lane
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Elementary school
Middle school
High school
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
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Building Details
Year built
Number of units
Building materials
Roof type
Buildings
Listing Agency:
Alaska Built Real Estate LLC · RE/MAX International
(907) 631-5100
Listed By:
Samuel J Goldman · License AK #18302
(907) 631-5263
Added: Nov 14
Last Checked: Nov 15 at 8:06AM
MLS# 26-14138
Copyright © 2026 Alaska Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This wood-frame duplex comprises two detached cabins totaling 1,267 square feet on a 0.92-acre parcel. One is a two-story, 850-square-foot cabin with two bedrooms, one bathroom, and a washer and dryer; the other offers 417 square feet, one bedroom, and a three-quarter bathroom. The two-story structure has a block foundation, and the property has a metal roof.
Each cabin has its own oil tank for heat and a propane range. Water, septic, and water-quality testing documentation are available among the property records. The owner currently covers utilities, waste service, and grounds maintenance. The property was built in 1985 and is listed as not zoned.
Each cabin has its own oil tank for heat and a propane range. Water, septic, and water-quality testing documentation are available among the property records. The owner currently covers utilities, waste service, and grounds maintenance. The property was built in 1985 and is listed as not zoned.
Key Highlights
- Two detached cabins totaling 1,267 square feet on 0.92 acres
- 850‑square‑foot, two‑story cabin with 2 bedrooms, 1 bathroom, and washer/dryer
- 417‑square‑foot cabin with 1 bedroom and a 0.75 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,770
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,400
$335.4K
Cap Rate 7%
$239,571
$239.6K
Cap Rate 9%
$186,333
$186.3K
Market Conditions
NOI Build-Up for 1,267 SF
Gross rent
$25.1K $19.80/SF
− Vacancy
−$1.1K −$0.89/SF
EGI
$24.0K $18.91/SF
− OpEx
−$7.2K −$5.67/SF
NOI
$16.8K $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%
$335,400
Cap Rate 7%
$239,571
Cap Rate 9%
$186,333
Alternative Uses
Best Use
Multifamily LT 5
$239.6K
$209.6K – $279.5K
NOI $16,770 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$212.9K
$186.3K – $248.4K
NOI $14,903 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$349.3K
$305.6K – $407.5K
NOI $24,448 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Separate cabins provide two distinct residential layouts, with individual oil tanks and propane ranges.
Where is this duplex located?
The property is located at 8781 S Polaris Lane Wasilla, AK.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two detached cabins totaling 1,267 square feet on 0.92 acres; 850‑square‑foot, two‑story cabin with 2 bedrooms, 1 bathroom, and washer/dryer; 417‑square‑foot cabin with 1 bedroom and a 0.75 bathroom
