42706 Old Sterling Highway, Anchor Point, AK 99556
Local realty services provided by:Better Homes and Gardens Real Estate Dream Makers



42706 Old Sterling Highway,Anchor Point, AK 99556
$1,495,000
- 36 Beds
- 12 Baths
- 21,798 sq. ft.
- Single family
- Active
Listed by:allison trimble paparoa
Office:coastal realty
MLS#:25-7227
Source:AK_AMLS
Price summary
- Price:$1,495,000
- Price per sq. ft.:$68.58
About this home
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.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.
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Home facts
- Year built:2023
- Listing Id #:25-7227
- Added:62 day(s) ago
- Updated:June 27, 2025 at 02:26 PM
Rooms and interior
- Bedrooms:36
- Total bathrooms:12
- Full bathrooms:12
- Living area:21,798 sq. ft.
Structure and exterior
- Year built:2023
- Building area:21,798 sq. ft.
- Lot area:9.09 Acres
Schools
- High school:Homer
- Middle school:Chapman
- Elementary school:Chapman
Utilities
- Water:Cistern, Water Delivered
- Sewer:Septic Tank
Finances and disclosures
- Price:$1,495,000
- Price per sq. ft.:$68.58
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