34965 Yale Street, Soldotna, AK 99669

$685,000
Property Type: Multi-Family Bedrooms: 6 Baths: 5 Square Footage: 2,504 Lot Size (sq. ft.): 44,431 Status: Active
Current Price: $685,000 Last Modified: 5/21/2026

Description

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, offering

Supplements: a 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.

More Information MLS# 26-5143

Contract Info

Price-List: 685000 Concessions YN: Yes Date-Listing: 2026-05-08 Status: Active Foreclosure/Bank Own: No

Location Tax and Legal

Area: 310 - Kalifornsky Beach Street #: 34965 Street Name: Yale Arterial: Street Closest USPS Town: Soldotna State: AK Zip Code: 99669

Property Info

Realtor.com Type: Multi-Family Construction Status: Existing Structure Beds: 6 Bathrooms Three Quarter: 5 Bathrooms Total: 5 Bldgs-Ttl #: 5 Year Built: 2003 Year Remodeled: 2022 Year Updated: 2022 SF-Res: 2504 Number of Units: 5 SF-Lot: 44431.2 Acres: 1.02 Prkg Spcs: 15 Lot Area Source: Tax Authority Zoning: UNK - Unknown

Directions and Remarks

Directions: From K-Beach Road, turn East onto Poppy Lane toward the college, then right onto Yale Street. Look for signs at the first and second driveways on the right... and prepare to be pleasantly surprised.

Building Info

Units-# of 1 BR: 4 Units- # of 2 BR: 1

Mortgage Info

EM Minimum Deposit: 7000

Unit #1

Bath-Three Qtr: 1 Bedroom: 1 Kitchen: 1 Living Room: 1 Parking Spaces: 3

Unit #2

Bath-Three Qtr: 1 Bedroom: 1 Kitchen: 1 Living Room: 1 Parking Spaces: 3

Unit #3

Bath-Three Qtr: 1 Bedroom: 1 Kitchen: 1 Living Room: 1 Parking Spaces: 3

Unit #4

Bath-Three Qtr: 1 Bedroom: 1 Kitchen: 1 Living Room: 1 Parking Spaces: 3

Unit #5

Bath-Three Qtr: 1 Bedroom: 2 Kitchen: 1 Living Room: 1 Parking Spaces: 3

Property Features

Multi-Family Type: Multi Family Exterior Finish: Wood Roof Type: Metal Foundation Type: All-Weather Wood; Block; Sono Tubes; Treated Posts Construction Type: Post & Beam; Wood Frame - 2x4; Wood Frame - 2x6 Garage Type: None Carport Type: None Heating: Baseboard Sewer-Type: Septic Tank Water Source: Well Access Type: Gravel; Maintained View Type: Territorial Topography: Level Wtrfrnt-Frontage: None Wtrfrnt-Access Near: Inlet; Ocean; River Features-MultiFamily: CO Detector(s); Shed; Smoke Detector(s); Tenant Storage Flooring: Carpet; Laminate; Linoleum; Luxury Vinyl; Vinyl Listing Terms Financing: 1031 Exchange
Listing Office: LPT Realty
Last Updated: May - 21 - 2026
34965 Yale Street, Soldotna, AK 99669- MLS# 26-5143
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with 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. Site contains live data.