Five detached rental cabins on just over an acre present a unique acquisition opportunity with established cash flow, flexible tenancy structure, and long-term investment appeal. The property consists of four 480 sq ft 1-bedroom, 3/4 bath cabins plus one newer 580 sq ft 2-bedroom, 3/4 bath cabin. Two cabins were constructed in 1993, two in 2006, and the 2-bedroom cabin was added in 2016, offeringa desirable blend of established occupancy history with newer improvements. Each cabin features its own private deck, individual storage unit, and approximately three dedicated parking spaces. The well-spaced cabin layout creates separation and privacy between units, helping distinguish this property from more typical higher-density rental configurations. Current gross annual income is approximately $65,100 with reported operating expenses of approximately $9,457.19, resulting in an attractive expense ratio of approximately 14.5%. All tenants are currently on month-to-month rental agreements, providing a new owner flexibility for future rent adjustments, occupancy planning, or potential operational changes. Detached multi-cabin investment properties with established income history and flexible tenancy structures remain an increasingly limited asset class in today's market, making this an exceptional opportunity for investors seeking stable long-term income, workforce housing demand, or future upside potential.
For sale
$685,000
34965 Yale St, Soldotna, AK 99669
6beds
2,504sqft
Multi Family
Built in 2003
-- sqft lot
$666,200 Zestimate®
$274/sqft
$-- HOA
What's special
Individual storage unitJust over an acre
- 153 days
- 236
- 11
Zillow last checked:
Listing updated:
Listed by:
Michelle Williams,
LPT Realty
Source: AKMLS,MLS#: 26-5143
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- 3/4 bathrooms: 5
Heating
- Baseboard
Features
- Storage
- Flooring: Carpet, Laminate, Linoleum, Luxury Vinyl, Vinyl
- Has basement: No
- Has fireplace: Yes
- Fireplace features: Fire Pit
Interior area
- Total structure area: 2,504
- Total interior livable area: 2,504 sqft
Property
Parking
- Total spaces: 5
- Parking features: RV Access/Parking, No Carport, No Garage
- Carport spaces: 5
Accessibility
- Accessibility features: Handicap Accessible
Features
- Has view: Yes
- View description: Territorial
- Waterfront features: Inlet Access, Ocean Access, River Access, None
Lot
- Size: 1.02 Acres
- Topography: Level
Details
- Additional structures: Shed(s)
- Parcel number: 05516009
- Zoning: UNK
- Zoning description: Unknown
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding, Post & Beam, Wood Frame - 2x4, Wood Frame - 2x6
- Foundation: All-Weather Wood, Block, Sono Tubes, Treated Posts
- Roof: Metal
Condition
- New construction: No
- Year built: 2003
- Major remodel year: 2022
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
Location
- Region: Soldotna
Financial & listing details
- Price per square foot: $274/sqft
- Tax assessed value: $386,100
- Annual tax amount: $3,131
- Date on market: 5/9/2026
- Road surface type: Gravel
Estimated market value
$666,200
$633,000 - $700,000
$1,650/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/9/2026 | Listed for sale | $685,000+71.5%$274/sqft |
Source: | ||
| 5/23/2022 | Sold | -- |
Source: | ||
| 5/3/2022 | Pending sale | $399,500$160/sqft |
Source: | ||
| 4/15/2022 | Listed for sale | $399,500$160/sqft |
Source: | ||
| 10/15/2015 | Sold | -- |
Source: | ||
| 9/18/2013 | Sold | -- |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,131 -7.1% | $386,100 +2.2% |
| 2024 | $3,371 +6.5% | $377,900 +6.5% |
| 2023 | $3,164 +3.6% | $354,700 +1.7% |
| 2022 | $3,054 -12.2% | $348,600 -10.2% |
| 2021 | $3,476 -7.9% | $388,000 -7.9% |
| 2020 | $3,773 | $421,100 -3% |
| 2019 | $3,773 -3% | $434,200 +6.2% |
| 2018 | $3,890 +6.2% | $408,900 +16.1% |
| 2017 | $3,664 +118.3% | $352,200 +47.9% |
| 2016 | $1,678 | $238,100 -8.1% |
| 2015 | $1,678 | $259,200 +8.8% |
| 2014 | $1,678 | $238,200 +17.7% |
| 2010 | -- | $202,300 -7.6% |
| 2009 | -- | $218,900 +69.8% |
| 2007 | -- | $128,900 +65.3% |
| 2005 | -- | $78,000 |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
| 2000 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 99669
Nearby schools
Schools provided by the listing agent
- Elementary: K-Beach
- Middle: Skyview
- High: Soldotna
Source: AKMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






