1018 E Lake Shore Ave, Wasilla, AK, 99654
About This Home
One-of-a-kind opportunity on Wasilla Lake! Updated lakefront triplex featuring three remodeled 1BR/1BA units, a massive paved parking area, unfinished lakeside hangar/shop structure, two storage sheds, and Multi-Family Residential zoning. Incredible investment, owner-occupant, or redevelopment potential in the heart of Wasilla. Attractive owner financing available for qualified buyers!Each unit has been recently updated with fresh paint and flooring, offering comfortable living spaces ready for tenants or personal use. The expansive paved area provides exceptional parking and versatility for equipment, recreational vehicles, or future improvements. The unfinished lakeside hangar/shop structure presents endless possibilities for storage, workspace, or future customization. Located directly on Wasilla Lake with easy access to shopping, restaurants, and city amenities, this is a rare opportunity to own a truly unique waterfront property with income-producing potential.
Getting Around
Car-Dependent
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1996
Materials
- Foundation: Block,Concrete Perimeter
- Roof: Metal
- Construction materials: Wood Siding,Unknown,Wood Frame - 2x4,Wood Frame - 2x6
Notable Dates
- Major remodel year: 2026
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Washer/Dryer
- Laundry features: Washer/Dryer HkUp
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Features
- Storage
- Flooring: Laminate,Luxury Vinyl,Tile
Heating
- Heating features: Baseboard,Natural Gas
Interior Area
- Total structure area: 2,320
- Total interior livable area: 2,320 sqft
Property
Details
- Parcel number: 5225B02L012
- Zoning: MFR
- Zoning description: Multi-Family Residential
Features
- Has view: Yes
- View description: Lake,Mountain(s)
- Has water view: Yes
- Water view: Lake
- On waterfront: Yes
- Waterfront features: Lake Privileges,Lake Front
- Waterbody name: Wasilla Lake
- Topography of land: Level
Lot
- Lot size: 0.31 Acres
- Features: City Lot
Parking
- Parking features: Paved,RV Access/Parking,Attached,Detached
- Has garage: Yes
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Winter Weather
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters in Matanuska-Susitna Borough and Alaska
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,043 | $60,516 |
| Home Insurance | $325 | $3,900 |
| Property Taxes | $815 | $9,780 |
| Electricity | $386 | $4,640 |
| Total | $6,569 | $78,828 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-10 | Price change | $794,700 |
| 2026-08-01 | Listed for sale | $997,400 |
View on Zillow