OFF_MARKETRisky Deal0 days on market

351 E Spruce Ave

351 E Spruce Ave, Wasilla, AK 99654, Wasilla, AK 99654
$1,495,000

Listing Price

Property image 1
351 E Spruce Ave, Wasilla, AK 99654
Loc: Wasilla, AK
Days Listed
0
Tax Assessed
$789k
Lot Size
4.39 acres
Rent Estimate
$1,608/mo
Est. Cash Flow base
Type
multi family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

6

Tanaina Elementary School

PK-5
0.6 mi away
6

Wasilla Middle School

6-8
1.1 mi away
6

Wasilla High School

9-12
0.9 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
0.69%
Total ROI
-6.9%
Cash Flow
$-6,694/mo
DSCR
0.11
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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-08-18Listed for sale$1,495,000$245
2022-08-01Sold$0
2022-04-15Pending sale$975,000$160
2022-04-09Listed for sale$975,000$160
2017-08-06Listing removed$800,000$131
2016-10-05Listed for sale$800,000$131
2016-01-27Listing removed$650,000$106
2015-05-01Listed for sale$650,000$106
2013-08-08Listing removed$725,000$119
2013-02-10Listed for sale$725,000$119
2011-07-03Listing removed$750,000$123
2011-01-02Price change$750,000$123
2010-06-25Listed for sale$799,000$131
2010-04-04Listing removed$925,000$151
2009-05-02Listed for sale$925,000$151
1999-11-01Sold$0

Tax History

YearProperty TaxTax Assessment
2025$9,739.17$789,300
2024$9,141.75$721,300
2023$8,093.26$658,900
2022$4,865.69$371,030
2021$5,979.77$521,800
2020$7,812.91$521,800
2019$8,088.53$535,700
2018$5,882.94$391,700
2017$6,105.29$399,900
2016$6,105.29$407,200
2015$6,105.29$412,900
2014$6,105.29$421,600
2012$0$428,700
2011$0$424,300
2010$0$423,500
2009$0$434,200
2008$0$442,600
2007$0$442,600
2006$0$415,200
2005$0$381,400
2004$0$343,500
2003$0$299,100
2002$0$306,100
2001$0$309,600
2000$0$298,200
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
13
Baths
9
Sq Ft
6,106
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $1,495,000Rent Basis: Observed Comp Model ($1,608/mo)State Tax Benchmark: 1.19% (AK)Hazard Reserve: $436/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
0.02%

NOI: $233/yr

Cash-on-Cash Yield
-27.0%

On $343,850 invested

DSCR Ratio
0.00x

Negative debt coverage

5-Yr Leveraged ROI
+-40.8%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (1.19% of basis)-$783/mo
Homeowner / Hazard Insurance-$436/mo
Vacancy Reserve (5% of rent)-$80/mo
Repairs & Maintenance (10% of rent)-$161/mo
Property Management (8% of rent)-$129/mo
Total Pure Operating Expenses-$1,589/mo
Net Investor Cash Flow
Gross Scheduled Rent+$1,608/mo
Less: Operating Expenses-$1,589/mo
Net Operating Income (NOI)+$19/mo
Less: Debt Service (30yr @ 6.75%)-$7,757/mo
Net Cash Flow
$-7,738/mo
$-92,854/year
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351 E Spruce Ave | Wasilla, AK | Haven AI Analysis | Haven by ScoutHavens