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

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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
Contract Info
Price-List: 685000
Concessions YN: Yes
Date-Listing: 2026-05-08
Status: Active
Foreclosure/Bank Own: No
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Beds: 6
Bathrooms Three Quarter: 5
Bathrooms Total: 5
Bldgs-Ttl #: 5
Year Built: 2003
Year Remodeled: 2022
Year Updated: 2022
SF-Res: 2504
Number of Units: 5
SF-Lot: 44431.2
Acres: 1.02
Prkg Spcs: 15
Lot Area Source: Tax Authority
Zoning: UNK - Unknown
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.
Building Info
Units-# of 1 BR: 4
Units- # of 2 BR: 1
Mortgage Info
EM Minimum Deposit: 7000
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); Fire Pit; Handicap Accessible; Shed; Smoke Detector(s); Tenant Storage; RV Parking
Flooring: Carpet; Laminate; Linoleum; Luxury Vinyl; Vinyl
Listing Terms Financing: 1031 Exchange; Cash; Owner Finance
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: June - 07 - 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.