Coldwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker Endeavor Realty
Property view
Listing view 2
Listing view 3

42706 Old Sterling Highway, 
Anchor Point, AK 99556

$1,495,000


32

Beds


12

Baths


21,798

Sq Ft


Single Family

Active

Listed by

Allison Trimble Paparoa

Lisa Hanson

Coastal Realty

907-235-7141

Last updated:

June 13, 2025, 05:36 PM

MLS#

25-7227

Source:

AK AMLS

About This Home

42706 Old Sterling Highway

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 32 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 43-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.

Home Facts

Single Family

12 Baths

32 Bedrooms

Built in 2023

Price Summary

1,495,000

$68 per Sq. Ft.

MLS #:

25-7227

Last Updated:

June 13, 2025, 05:36 PM

Added:

3 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

32

Bathrooms

Total Bathrooms:

12

Full Bathrooms:

12

Interior

Living Area:

21,798 Sq. Ft.


Structure

Structure

Building Area:

21,798 Sq. Ft.

Year Built:

2023


Lot

Lot Size (Sq. Ft):

395,960


Finances & Disclosures

Finances

Price:

$1,495,000

Price per Sq. Ft:

$68 per Sq. Ft.

MLS Logo
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 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 © 2025 Alaska Multiple Listing Service, Inc. All Rights Reserved. Date Last Updated June 15, 2025

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

 

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.