Active

42706 Old Sterling Highway

Anchor Point, AK 99556
Mark as Favorite
Bed 36

Bed

Bath 12

Bath

SqFt395,960.40

Sqft(Lot)

Anchor Bridge Housing Campus presents the opportunity to own an income-generating housing development in the heart of Alaska's Kenai Peninsula. Strategically located along Old Sterling Highway in Anchor Point, halfway between Homer and Anchor Point, this property offers flexibility, scale, and strong long-term potential in an area experiencing increasing demand for housing options. The campus is designed to support affordable multifamily housing with six duplex-style buildings totaling 12 residential units, creating an ideal setup for long-term rentals, seasonal residents, or employee housing. In addition, three separate bunkhouse-style units provide excellent potential for short-term accommodations or workforce housing, creating added flexibility and multiple income streams on one propert y. The project was thoughtfully designed to help meet the growing housing demands tied to fishing, construction, oil, gas, tourism, and other seasonal industries throughout the southern Kenai Peninsula. This project still needs completion, but it allows a buyer the opportunity to finish it to their specifications. Each duplex unit has 3 bedrooms, one oversized bathroom, a kitchen, and a living space. Once completed, the bunkhouses will have a capacity of 48 people. Situated on 9.09 acres with excellent visibility, private access, and scalable infrastructure, Anchor Bridge Housing Campus offers the chance to step in, finish the project, and create a strong long-term housing asset in one of Alaska's most desirable and undersupplied regions.

Read More Expand

Detail Ic Property Details

Property Type : Residential

Price : $999,000

AD Id : 72995810

MLS Id : 25-7227

Beds : 36

Lot Size : 395,960.40 Sqft

Year Built : 2023

County : Kenai Peninsula Borough

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 36

    Bathroom Information

    Total Baths: 12 Full Baths: 12
  • Heating & Cooling

    Has Heating: Yes Heating: Other

  • Building Information

    Year Built: 2023 Building Area Total: 21798 Private Pool: No

  • Lot Information

    Main Square Feet: 395960.4 Square Feet Lot Size Acres: 9.09 Lot Size Square Feet: 395960.4

  • Listing Price Information

    Listing Price: $999000 Original Price: $1495000 Cash, Conventional

  • Tax Information

    Parcel Number: 17107031 Tax Legal Desc: T5SR14WSEC 29 & 32

  • Parking Information

    None

  • School Information

    Elementary School: Chapman
    Junior High School: Chapman
    Senior High School: Homer
  • Location Information

    Direction: At the junction of the Sterling Hwy and Old Sterling. WaterSource: Cistern
Sell a home like this and save $59,441 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

The listing content relating to real estate for sale on this website comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than ByOwner, are marked with either the listing brokerage's logo or 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. Listing content scraping by unauthorized personnel is strictly prohibited. Copyright © 2026 Alaska Multiple Listing Service, Inc. All Rights Reserved.

ByOwner last updated this listing 06/12/2026 @ 10:58

MLS: 25-7227 LISTED BY: Allison Trimble Paparoa, Coastal Realty 907-235-7141 SOURCE: Alaska Multiple Listing Service

Selling? Save $59,441 when you sell a home like this

Tour with a ByOwner Agent