$685,000
Soldotna, AK 99669
MLS# 26-5143
6 beds | 5 baths | 2504 sqft

1 / 23
Property Description
Five detached rental cabins on just over an acre present a unique acquisition opportunity with established cash flow, flexible tenancy structure, and long-term investment appeal. The property consists of four 480 sq ft 1-bedroom, 3/4 bath cabins plus one newer 580 sq ft 2-bedroom, 3/4 bath cabin. Two cabins were constructed in 1993, two in 2006, and the 2-bedroom cabin was added in 2016, offering
Details
Maps
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Bathrooms Half: 0
Bathrooms Three Quarter: 5
Bathrooms Full: 0
Bathrooms Total: 5
Bldgs-Ttl #: 5
Acres: 1.02
SF-Lot: 44431.2
Lot Area Source: Tax Authority
Year Remodeled: 2022
Year Updated: 2022
Zoning: UNK - Unknown
Garage Spaces: 0
Carport Spaces: 0
Prkg Spcs: 15
Beds: 6
Year Built: 2003
SF-Res: 2504
Number of Units: 5
Contract Info
Concessions YN: Yes
Foreclosure/Bank Own: No
Price-List: 685000
Date-Listing: 2026-05-08
Status: Active
Location, Tax and Legal
Region: 1 - Southcentral Alaska Region
Borough/Census Area: 1B - Kenai Peninsula Borough
Grid # (Muni Anch): N/A
Tax Map #-Mat-Su: N/A
Legal: College Village L1 B1
Taxes (Estimated): 3131.28
Tax Year: 2025
School-Elementary: K-Beach
School-Middle: Skyview
School-High: Soldotna
Directions and Remarks
Directions: From K-Beach Road, turn East onto Poppy Lane toward the college, then right onto Yale Street. Look for signs at the first and second driveways on the right... and prepare to be pleasantly surprised.
Multi-Family Type
Multi Family: 1
Building Info
Units-# of 1 BR: 4
Units- # of 2 BR: 1
Listing Terms Financing
1031 Exchange: 1
Exterior Finish
Wood: 1
Heating
Baseboard: 1
Topography
Level: 1
Roof Type
Metal: 1
Construction Type
Post & Beam: 1
Wood Frame - 2x4: 1
Wood Frame - 2x6: 1
Foundation Type
All-Weather Wood: 1
Block: 1
Sono Tubes: 1
Treated Posts: 1
View Type
Territorial: 1
Wtrfrnt-Access Near
Inlet: 1
Ocean: 1
River: 1
Garage Type
None: 1
Wtrfrnt-Frontage
None: 1
Carport Type
None: 1
Flooring
Carpet: 1
Laminate: 1
Linoleum: 1
Luxury Vinyl: 1
Vinyl: 1
Sewer-Type
Septic Tank: 1
Water Source
Well: 1
Access Type
Gravel: 1
Maintained: 1
Mortgage Info
EM Minimum Deposit: 7000
Features-MultiFamily
CO Detector(s): 1
Shed: 1
Smoke Detector(s): 1
Tenant Storage: 1
Income & Expenses
Exp-Elec/Yr Avg: 4407.54
Exp-Gas/Yr Avg: 3260.3
Exp-Mgmt/Yr Avg: 0
Exp-Snow/Yard/Yr Avg: 1141.92
Exp-Tax & Ins/Yr: 3131.28
Exp-Wtr/Swr/Yr Avg: 0
Income-Rent Mo Total: 5425
Unit #1
Bath-Three Qtr: 1
Bedroom: 1
Kitchen: 1
Living Room: 1
Parking Spaces: 3
Unit #2
Bath-Three Qtr: 1
Bedroom: 1
Kitchen: 1
Living Room: 1
Parking Spaces: 3
Unit #3
Bath-Three Qtr: 1
Bedroom: 1
Kitchen: 1
Living Room: 1
Parking Spaces: 3
Unit #4
Bath-Three Qtr: 1
Bedroom: 1
Kitchen: 1
Living Room: 1
Parking Spaces: 3
Unit #5
Bath-Three Qtr: 1
Bedroom: 2
Kitchen: 1
Living Room: 1
Parking Spaces: 3
Location Tax and Legal
Area: 310 - Kalifornsky Beach
Street #: 34965
Street Name: Yale
Arterial: Street
Closest USPS Town: Soldotna
State: AK
Zip Code: 99669
Property Features
Multi-Family Type: Multi Family
Exterior Finish: Wood
Roof Type: Metal
Foundation Type: All-Weather Wood; Block; Sono Tubes; Treated Posts
Construction Type: Post & Beam; Wood Frame - 2x4; Wood Frame - 2x6
Garage Type: None
Carport Type: None
Heating: Baseboard
Sewer-Type: Septic Tank
Water Source: Well
Access Type: Gravel; Maintained
View Type: Territorial
Topography: Level
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: Inlet; Ocean; River
Features-MultiFamily: CO Detector(s); Shed; Smoke Detector(s); Tenant Storage
Flooring: Carpet; Laminate; Linoleum; Luxury Vinyl; Vinyl
Listing Terms Financing: 1031 Exchange
Supplements
a desirable blend of established occupancy history with newer improvements.
Each cabin features its own private deck, individual storage unit, and approximately three dedicated parking spaces. The well-spaced cabin layout creates separation and privacy between units, helping distinguish this property from more typical higher-density rental configurations.
Current gross annual income is approximately $65,100 with reported operating expenses of approximately $9,457.19, resulting in an attractive expense ratio of approximately 14.5%. All tenants are currently on month-to-month rental agreements, providing a new owner flexibility for future rent adjustments, occupancy planning, or potential operational changes.
Detached multi-cabin investment properties with established income history and flexible tenancy structures remain an increasingly limited asset class in today's market, making this an exceptional opportunity for investors seeking stable long-term income, workforce housing demand, or future upside potential.
IDX
Listing Office: LPT Realty
Last Updated: May - 11 - 2026
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.