$351,000
Ninilchik, AK 99639
MLS# 24-13411
5 beds | 5 baths | 2970 sqft

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Property Description
Income Producing Rental Property: Unlimited Possibilities! This property offers an excellent investment opportunity, providing multiple income streams through both short-term and long-term rentals. With three short-term rental cabins and two long-term rental units, it can accommodate various types of tenants throughout the year.
Details
Maps
Documents
Contract Info
Foreclosure/Bank Own: No
Price-List: 351000
Date-Listing: 2024-10-21
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: Evergreen Park 1978 Addn L13
School-Elementary: Ninilchik
School-Middle: Ninilchik
School-High: Ninilchik
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Bathrooms Half: 0
Bathrooms Three Quarter: 3
Bathrooms Full: 2
Bathrooms Total: 5
Bldgs-Ttl #: 7
Acres: 2.17
SF-Lot: 94525.2
Lot Area Source: Tax Authority
Year Remodeled: 2019
Year Updated: 2022
Zoning: UNK - Unknown
Garage Spaces: 4
Carport Spaces: 0
Prkg Spcs: 8
Beds: 5
Year Built: 1994
SF-Res: 2970
Number of Units: 5
Directions and Remarks
Directions: From Ninilchik take Oil Well Rd. 2 miles take Holly st on R then R on Lingonberry property on Left before the corner.
Multi-Family Type
Multi Family: 1
Other - See Remarks: 1
Building Info
Units- # of Effcncy: 3
Units- # of 2 BR: 1
Units-# of 3 BR: 1
Listing Terms Financing
1031 Exchange: 1
Cash: 1
Owner Finance: 1
Exterior Finish
Log: 1
Metal: 1
Wood: 1
Heating
Electric: 1
Propane: 1
Wood: 1
Wood Stove: 1
Topography
Gently Rolling: 1
Level: 1
Roof Type
Metal: 1
Construction Type
Log: 1
Modular: 1
Foundation Type
Pilings: 1
Treated Posts: 1
View Type
Mountains: 1
Partial: 1
Territorial: 1
Wtrfrnt-Access Near
Creek: 1
Inlet: 1
Ocean: 1
River: 1
Garage Type
Detached: 1
Wtrfrnt-Frontage
None: 1
Carport Type
None: 1
Flooring
Carpet: 1
Linoleum: 1
Luxury Vinyl: 1
Vinyl: 1
Sewer-Type
Septic Tank: 1
Water Source
Private: 1
Well: 1
Access Type
Dedicated Road: 1
Gravel: 1
Maintained: 1
Mortgage Info
EM Minimum Deposit: 5000
Features-MultiFamily
Covenants: 1
CO Detector(s): 1
Fire Pit: 1
Laundry Facility: 1
Shed: 1
Smoke Detector(s): 1
Vaulted Ceiling(s): 1
Washer/Dryer: 1
Washer/Dryer HkUp: 1
Circle Driveway: 1
RV Parking: 1
Docs Avl for Review
Docs Posted on MLS: 1
Location Tax and Legal
Area: 476 - Ninilchik/Happy Valley
Street #: 65449
Street Name: Lingonberry
Arterial: Road
Closest USPS Town: Ninilchik
State: AK
Zip Code: 99639
Property Features
Multi-Family Type: Multi Family; Other - See Remarks
Exterior Finish: Log; Metal; Wood
Roof Type: Metal
Foundation Type: Pilings; Treated Posts
Construction Type: Log; Modular
Garage Type: Detached
Carport Type: None
Heating: Electric; Propane; Wood; Wood Stove
Sewer-Type: Septic Tank
Water Source: Private; Well
Access Type: Dedicated Road; Gravel; Maintained
View Type: Mountains; Partial; Territorial
Topography: Gently Rolling; Level
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: Creek; Inlet; Ocean; River
Features-MultiFamily: Covenants; CO Detector(s); Fire Pit; Laundry Facility; Shed; Smoke Detector(s); Vaulted Ceiling(s); Washer/Dryer; Washer/Dryer HkUp; Circle Driveway; RV Parking
Flooring: Carpet; Linoleum; Luxury Vinyl; Vinyl
Docs Avl for Review: Docs Posted on MLS
Listing Terms Financing: 1031 Exchange; Cash; Owner Finance
Supplements
The Cabins:
Bear & Wolf Cabins: These dry cabins each feature a kitchenette, sleep 5-6 guests, and are 231 sq. ft. each.
Moose Cabin: This cabin has a full kitchen, a ¾ bath, sleeps 6 guests, is 472 sq. ft., and includes a lean-to with freezer storage and covered porch.
Shared Wash House: A dual bathroom facility with laundry, 423.5 sq. ft., with an attached tool shed and loft storage.
Long-Term Rentals:
Double Wide: A 3-bedroom, 1-bathroom home with mountain views, 989 sq. ft..
Single Wide: A 2-bedroom, 1-bathroom unit with mountain views, 773.5 sq. ft..
Additional Features:
An insulated and powered 1,200 sq. ft. shop for storage or workspace.
A new 192 sq. ft. shed with a lean-to, prepped with power and water lines, ready for a fish cleaning station, freezer storage, or other uses.
Fish cleaning table and additional storage shed for equipment or supplies.
Additional water and sewer hookups ready for the construction of a new cabin.
5 full RV hookup spots for additional rental income.
Insulated and heated well house with a commercial well, ensuring a reliable water supply.
2 septic systems servicing the property.
Landscaped lawn that could be utilized for additional camp tent sites.
A community campfire area for guests to gather and enjoy the natural surroundings.
With peekaboo views of Mt. Iliamna and Redoubt, this property offers an idyllic setting for guests while providing plenty of room to grow or expand. Whether you're looking to continue running it as a vacation rental, start a charter business, or use it for something entirely new, the options are truly limitless!
IDX
Listing Office: Mossy Oak Properties of Alaska - Ninilchik
Last Updated: February - 18 - 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.
Well and Septic Inspection