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.
Contact an agent
Home facts
- Year built:2023
- Listing ID #:25-7227
- Added:104 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
New listings near 42706 Old Sterling Highway
- New$850,000Active2 beds 3 baths3,380 sq. ft.
35625 Anchor River Air Park Lane, Anchor Point, AK 99556
MLS# 25-12110Listed by: COASTAL REALTY - HOMER - $249,500Active3 beds 1 baths1,116 sq. ft.
35890 Old Sterling Highway, Anchor Point, AK 99556
MLS# 25-11924Listed by: HOMER REAL ESTATE - $25,000Active6.68 Acres
000 Wild Cotton, Anchor Point, AK 99556
MLS# 25-11871Listed by: COASTAL REALTY - $19,000Active4.31 Acres
68576 Eight Mile Place, Homer, AK 99603
MLS# 25-11747Listed by: KACHEMAK REAL ESTATE GROUP REAL BROKER - $545,000Active4 beds 2 baths2,945 sq. ft.
71185 Kutafya Road, Anchor Point, AK 99556
MLS# 25-11699Listed by: HOMER REAL ESTATE - $419,000Active4 beds 3 baths2,452 sq. ft.
34358 Marysville Avenue, Anchor Point, AK 99556
MLS# 25-11655Listed by: STORY REAL ESTATE - $35,000Active9.07 Acres
66822 Kennedy Avenue, Anchor Point, AK 99556
MLS# 25-11605Listed by: STORY REAL ESTATE - $229,000Active1 beds 2 baths500 sq. ft.
39047 Sayer Road, Anchor Point, AK 99556
MLS# 25-11367Listed by: BERKSHIRE HATHAWAY HOMESERVICES ALASKA REALTY - Listed by BHGRE$28,000Active0.12 Acres
73487 Ann Court, Anchor Point, AK 99556
MLS# 25-11269Listed by: BETTER HOMES AND GARDENS REAL ESTATE DREAM MAKERS - $75,000Active2 Acres
35144 Danver Street, Anchor Point, AK 99556
MLS# 25-11217Listed by: KACHEMAK REAL ESTATE GROUP REAL BROKER