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For sale
  • $1,200,000

    18465 Sterling Hwy, Cooper Landing, AK 99572

    19beds
    4,352sqft
    : 
    $7,272/mo
    Get pre-qualified
    Multi Family
    Built in 1985
    -- sqft lot
    $1,099,200 Zestimate®
    $276/sqft
    $-- HOA

    What's special

    Two bathroomsExcellent visibilityPrime highway frontageExterior security camerasHot water baseboard heatInternet accessCoffee cart
    The Alpine Inn - Cooper Landing, Alaska Rare turn-key hospitality opportunity in the heart of Cooper Landing, just steps from the world-famous Kenai River and surrounded by some of Alaska's best fishing and outdoor recreation. The Alpine Inn offers prime highway frontage and excellent visibility, making it an ideal investment for anyone looking to step into a thriving seasonal tourism business.The property features a 12-unit motel totaling over 4,300+ square feet, with each room equipped with a private bathroom and kitchenette, providing comfort and convenience for guests visiting the area for fishing, adventure, and sightseeing. Two additional apartments, 2-bdrm 1 full bath and 3Bdrm 1 full bath. The business currently operates April through October, capturing the peak tourism and fishing season. Motel Unit Layout: " Room 1 - Two Queens " Room 2 - Queen & Twin " Room 3 - Queen & Twin " Room 4 - Queen & Twin " Room 5 - King & Twin " Room 6 - Queen " Room 7 - Queen " Room 8 - Queen & Twin " Room 9 - Queen & Twin " Room 10 - Queen & Twin " Room 11 - Three Twins " Room 12 - Queen & Twin All motel units include hot water baseboard heat, internet access, and smart TVs, and the property is equipped with exterior security cameras. A 2,100+ square foot retail/office building serves as the main check-in area and includes additional retail supplies available for purchase. Behind the office are two kitchens, five rooms with full beds, and two bathrooms, creating an excellent setup for staff housing or on-site owner living. The grounds offer additional income potential and guest amenities, including green space along a nearby creek that has been used for seasonal tent camping or glamping rentals. The property also includes a Dry Red Cabin (nightly rental - negotiable) and a coffee cart, providing further opportunities to expand revenue. Additional features include: " Laundry facility located behind the motel " Coffee shop structure currently used for storage " Side parking area suitable for a 5th-wheel (current trailer negotiable) This well-known Cooper Landing property offers multiple income streams, strong seasonal demand, and room for future growth, making it a unique opportunity to own a hospitality business in one of Alaska's most visited fishing destinations.
    144 days
    |
    435
    |
    21
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    Zillow last checked:

    Listing updated:

    Listed by:

    Gina Pelaia,

    Berkshire Hathaway HomeServices Alaska Realty

    Source: AKMLS,MLS#: 26-2280MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 19
      • Bathrooms: 14
      • Full bathrooms: 14
      Heating
      • Baseboard, Forced Air, Oil, Propane
      Appliances
      • Laundry: Common Area
      Features
      • Flooring: Carpet
      • Has basement: No
      Interior area
      • Total structure area: 4,352
      • Total interior livable area: 4,352 sqft

      Property

      Parking
      • Parking features: RV Access/Parking, No Carport
      Features
      • Has view: Yes
      • View description: Mountain(s)
      • Waterfront features: Lake Privileges, River Access, None
      Lot
      • Size: 0.86 Acres
      • Features: City Lot, Parkside
      • Topography: Level
      Details
      • Additional structures: Shed(s)
      • Parcel number: 11926018
      • Zoning: UNZ
      • Zoning description: Not Zoned

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Block
      • Foundation: Block
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 1985

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Private

      Community & HOA

      Location
      • Region: Cooper Landing

      Financial & listing details

      • Price per square foot: $276/sqft
      • Date on market: 3/10/2026
      Gina Pelaia

      (907) 399-6183

      By pressing Contact Agent, you agree that the real estate professional identified above may call/text you about your search, which may involve use of automated means and pre-recorded/artificial voices. You don't need to consent as a condition of buying any property, goods, or services. Message/data rates may apply. You also agree to our Terms of Use. Zillow does not endorse any real estate professionals. We may share information about your recent and future site activity with your agent to help them understand what you're looking for in a home.

        Estimated market value

        $1,099,200

        $1.04M - $1.15M

        $1,270/mo

        Price history

        DateEventPrice
        3/10/2026Listed for sale$1,200,000+20.6%$276/sqft
        Source: AKMLS #26-2280 Report a problem
        3/24/2025Listing removed$995,000$229/sqft
        Source: AKMLS #25-934 Report a problem
        2/12/2025Pending sale$995,000$229/sqft
        Source: AKMLS #25-934 Report a problem
        1/30/2025Listed for sale$995,000-0.2%$229/sqft
        Source: AKMLS #25-934 Report a problem
        7/7/2024Listing removed$997,000$229/sqft
        Source: AKMLS #24-7429 Report a problem
        6/19/2024Listed for sale$997,000$229/sqft
        Source: AKMLS #24-7429 Report a problem
        6/18/2024Listing removed$997,000$229/sqft
        Source: AKMLS #24-527 Report a problem
        4/12/2024Price change$997,000-20.2%$229/sqft
        Source: AKMLS #24-527 Report a problem
        1/17/2024Listed for sale$1,250,000$287/sqft
        Source: AKMLS #24-527 Report a problem
        11/21/2023Listing removed$1,250,000$287/sqft
        Source: AKMLS #23-7236 Report a problem
        8/19/2023Listed for sale$1,250,000$287/sqft
        Source: AKMLS #23-7236 Report a problem
        7/24/2023Listing removed$1,250,000$287/sqft
        Source: AKMLS #23-7236 Report a problem
        6/24/2023Listed for sale$1,250,000+117.4%$287/sqft
        Source: AKMLS #23-7236 Report a problem
        6/16/2016Sold--
        Source: Agent Provided Report a problem
        1/21/2016Listed for sale$575,000-17.7%$132/sqft
        Source: RE/MAX DYNAMIC PROPERTIES #13-3372 Report a problem
        2/26/2015Listing removed$699,000$161/sqft
        Source: RE/MAX Dynamic Properties #13-3372 Report a problem
        2/22/2015Listed for sale$699,000$161/sqft
        Source: RE/MAX Dynamic Properties #13-3372 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 99572

        Getting around

        20 / 100
        Car-Dependent
        6 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Cooper Landing
        • Middle: Cooper Landing
        • High: Cooper Landing

        Source: AKMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.