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For sale
  • $685,000

    34965 Yale St, Soldotna, AK 99669

    6beds
    2,504sqft
    : 
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    Multi Family
    Built in 2003
    -- sqft lot
    $663,700 Zestimate®
    $274/sqft
    $-- HOA

    What's special

    Individual storage unitJust over an acre
    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.
    71 days
    |
    374
    |
    19
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Michelle Williams,

    LPT Realty

    Source: AKMLS,MLS#: 26-5143MLS Logo

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      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

        $663,700

        $631,000 - $697,000

        $2,123/mo

        Price history

        DateEventPrice
        5/9/2026Listed for sale$685,000+71.5%$274/sqft
        Source: AKMLS #26-5143 Report a problem
        5/23/2022Sold--
        Source: AKMLS #22-4514 Report a problem
        5/3/2022Pending sale$399,500$160/sqft
        Source: AKMLS #22-4514 Report a problem
        4/15/2022Listed for sale$399,500$160/sqft
        Source: AKMLS #22-4514 Report a problem
        10/15/2015Sold--
        Source: AKMLS #15-12864 Report a problem
        9/18/2013Sold--
        Source: AKMLS #13-12282 Report a problem

        Public tax history

        YearProperty taxesTax 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

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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: 99669

        Getting around

        35 / 100
        Car-Dependent
        46 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

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