Multi-Family $ 745,000

5471 W Adventurer BLVD

Wasilla, AK 99623

  • 8 Beds
  • 4 Baths
    Full Baths: 4
  • 4,200 SqFt
  • 0.92 Lot Size
  • 2004 Year Built
Exceptional investment opportunity with this well‑maintained fourplex offering strong rental history, steady income potential and opportunity for owner occupancy. This property has been owner occupied and maintained with incredible care. *NEW SEPTIC* TANK/FIELD '20. 2 BD, 1 BA, 1 Car garage units. The common entry is clean and inviting. The tenant screening process and careful selection over the years has resulted in a clean, well-maintained property, this building is ready for immediate occupancy or for a future investor that wants confidence with a sound purchase. The cleanest multifamily I have seen in years. Units are 1000 sq ft, feature open concept floor plans. Units have south facing windows, large kitchens with maple cabinets and islands boasting excellent prep space. They offer plenty of storage, have a washer and dryer in each unit.


This convenient location is close to mile 7 of KGB with access to 3 Bears, Vine Road and Settlers Bay. The yard space is safe and private. The easy to clean vinyl siding keeps the building looking fresh and attractive.

Significant Updates Include:
Septic tank and field were replaced in 2020
24 appliances have been replaced since purchase
Window shades in each unit
60% of the building has new interior paint.
Thermostats are locked and preprogrammed to minimize excessive utility cost.
Hose bib locks installed to ensure unnecessary use.
3 of 4 new Kitchen faucets (units 2,3,4)
All 4 washer boxes were replaced Just to present a fresh appearance
Light bulbs 60K 840 lumens all are uniform
Replaced Emergency lighting.

Outdoors:
June 2024- back yard filled in with new topsoil and reseeded

Unit 1:
Coat hooks installed in unit and garage
Replaced all window shades September 2024
Replaced washing machine September 2024
Painted garage May 2024
Replaced range hood March 2024

Unit 2:
Coat hooks installed in unit and garage
Installed vinyl plank flooring in bedrooms April 2025
Shelves built in garage closet June 2023
Painted Garage May 2023

Unit 3:
Coat hooks installed in unit and garage
New Dishwasher December 2025
New Range Hood May 2025
Built garage shelves August 2024
Garage Painted May 2024
Installed vinyl plank flooring in bedrooms December 2023

Unit 4:
Coat hooks installed in unit and garage
Painted bathroom, hallway, living room, kitchen April 2025
Painted Garage May 2023
New Range hood January 2024
Installed vinyl plank flooring in bedrooms May 2023

Tenant's Responsibility: Electricity Directly to MEA
Owner's Responsibility: Heat, Garbage, Water/Sewer, Landscaping/Snow Removal

Unit 1: $1389 - Month to month
Unit 2: $1375 - Year lease -Dec'25- Dec '26
Unit 3: Owner Occupied
Unit 4: $1389 - Month to month
Listed by Tanner Group Premier Real Estate

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Fourplex

    Listing Status Active

    Purchase Type For Sale

    Square Footage 4, 200 sqft

    Price per Sqft $177

    MLS Listing ID 26-884

    Bedrooms 8

    Full Baths 4

    Construction Status Existing Structure

    Year Built 2004

    Lot Size 0.920 Acres

    Acres 0.92

    Property Sub-Type Fourplex

    Source Alaska Multiple Listing Service

  • Location

    State AK

    Area Wa - Wasilla

    Zoning UNK - Unknown (re: all MSB)

    Direction West on KGB, 1/4 mile past Three Bears, first road on the right

  • Building

    Lot Description Level

    Foundation Poured Concrete

    Lot Size Range 0.92

    Sewer Septic Tank

    New Construction No

    Construction Status Existing Structure

  • Interior

    Heating Baseboard

    Flooring Luxury Vinyl, Tile

  • Exterior

    Parking Features Attached

    Garage Spaces 4.0

    Garage Description 4.0

    Waterfront Description None

    View Mountains

    Roof Type Composition,Shingle,Asphalt

  • Schools

    Elementary Schools Knik

    Middle Schools Wasilla

    High Schools Wasilla

  • Others

    Tax ID 6419B05L023

    Acceptable Financing Cash, Conventional, FHA, VA Loan

    Listing Terms Cash, Conventional, FHA, VA Loan

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