$999,000
Anchor Point, AK 99556
MLS# 25-7227
36 beds | 12 baths | 21798 sqft
1 / 10
Property Description
Anchor Bridge Workforce Housing Campus presents a unique opportunity to own a nearly completed income-generating property in the heart of Alaska's Kenai Peninsula. Strategically located along Old Sterling Highway in Anchor Point—just 15 miles from Homer—this purpose-built workforce housing project includes 36 private rooms across duplex-style buildings.
Details
Maps
Documents
Location, Legal, and School Info
Region: 1 - Southcentral Alaska Region
Borough/Census Area: 1B - Kenai Peninsula Borough
Grid # (Muni Anch): N/A
Tax Map #-Mat-Su: N/A
Tax ID: 17107031
School-Elementary: Chapman
School-Middle: Chapman
School-High: Homer
Legal: T5SR14WSEC 29 & 32
Contract Info
Foreclosure/Bank Own: No
Price-List: 999000
Date-Listing: 2025-06-12
Status: Active
Property Info
Realtor.com Type: Residential - Single Family
Construction Status: Existing Structure
Property Attached/Common Walls: No
Bathrooms Half: 0
Bathrooms Three Quarter: 0
Bathrooms Full: 12
Bathrooms Total: 12
Acres: 9.09
SF-Lot: 395960.4
Lot Area Source: Tax Authority
Zoning: UNZ - Not Zoned
Garage Spaces: 0
Carport Spaces: 0
Beds: 36
SF-Res: 21798
Year Built: 2023
Remarks and Directions
Directions: At the junction of the Sterling Hwy and Old Sterling.
Residential Type
B & B Potential: 1
Modular: 1
Single Family Res: 1
To Show
ShowingTime: 1
Listing Terms Financing
Cash: 1
Conventional: 1
Heating
Other: 1
Construction Type
Modular: 1
Foundation Type
Other: 1
Wtrfrnt-Access Near
None: 1
Garage Type
None: 1
Wtrfrnt-Frontage
None: 1
Carport Type
None: 1
Water Source
Cistern: 1
Water Delivered: 1
Sewer Type
Septic Tank: 1
Docs Avl for Review
Docs Posted on MLS: 1
Location Legal and School Info
Area: 482 - Anchor Point to Homer
Street #: 42706
Street Name: Old Sterling
Arterial: Highway
Closest USPS Town: Anchor Point
State: AK
Zip Code: 99556
Property Features
Residential Type: B & B Potential; Modular; Single Family Res
Construction Type: Modular
Foundation Type: Other
Garage Type: None
Carport Type: None
Heating: Other
Sewer Type: Septic Tank
Water Source: Cistern; Water Delivered
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: None
To Show: ShowingTime
Listing Terms Financing: Cash; Conventional
Docs Avl for Review: Docs Posted on MLS
Supplements
Designed to meet the urgent housing needs of seasonal and industrial workers in fishing, construction, oil, gas, and tourism, the campus is ideal for both individual rentals and bulk leasing to employers.
Each unit features shared kitchen and bathroom facilities, with electric, natural gas, internet, and water delivery already in place. The offering includes approximately $500,000 in remaining completion work to be undertaken by the buyer, with clear plans for expansion including a 48-bed bunkhouse, laundry facilities, and corner lot development. First-year financial projections show positive cash flow by Month 9, with a stabilized cap rate of over 20% by Year 4.
The 9.09-acre site offers excellent visibility, private access, and scalable infrastructure. Whether you're an operator or investor looking to meet local housing demand, Anchor Bridge provides an unmatched opportunity in a high-demand, low-supply market.
Offering Memorandum 
IDX
Listing Office: Coastal Realty
Last Updated: January - 09 - 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.