35061 Adell Avenue, Sterling, AK 99672

$435,000
Property Type: Multi-Family Bedrooms: 6 Baths: 3 Square Footage: 2,910 Lot Size (sq. ft.): 53,143 Status: Active
Current Price: $435,000 Last Modified: 6/14/2026

Description

With multiple rentable structures already in place and the property prepared for future expansion, this unique income-producing property presents an investment opportunity. The main residence is a spacious 3-bedroom home featuring 1¾ baths, an office, a dedicated craft area, and an oversized laundry/pantry room, with projected rental income of approximately $2,000 per month. In addition,

Supplements: fully detached 3-bedroom, 1-bath home is currently rented at $1,600 per month. For a commercial tenant, the 32' x 40' heated shop adds income potential. Equipped with in-floor heat, an overhead heater, a wood stove, and plumbing for a future bathroom, this versatile space includes designated areas for both woodworking and auto repair. Additional features include a 12' x 12' manual shop door, a 220V welder outlet, a built-in workbench with a miter saw, and a 9,000-pound automotive lift. Estimated rental income is approximately $1,500 per month. This property also includes a gravel pad that is ready for future expansion. With natural gas, electricity, and a well already installed, it is ideal for a new rental unit or trailer space. As it sits, the pad could potentially generate approximately $500 per month in additional income from space rental, with even greater potential if developed into an additional dwelling. Also located on the property is a fully powered hobby shed heated with natural gas. Its compact layout includes a loft with convenient pull-down stairs. If you are looking to expand your real estate portfolio, this versatile multi-use investment property may be what you have been searching for. See the attachment for additional property details. Selling As Is.

More Information MLS# 26-2413

Contract Info

Price-List: 435000 Date-Listing: 2026-03-13 Status: Active Foreclosure/Bank Own: No

Location Tax and Legal

Area: 340 - Sterling Street #: 35061 Street Name: Adell Arterial: Avenue Closest USPS Town: Sterling State: AK Zip Code: 99672

Property Info

Realtor.com Type: Multi-Family Construction Status: Existing Structure Beds: 6 Bathrooms Three Quarter: 1 Bathrooms Full: 2 Bathrooms Total: 3 Bldgs-Ttl #: 5 Year Built: 1996 SF-Res: 2910 Number of Units: 5 SF-Lot: 53143.2 Acres: 1.22 Garage Spaces: 4 Prkg Spcs: 10 Lot Area Source: Tax Authority Zoning: UNZ - Not Zoned

Directions and Remarks

Directions: From the Sterling Highway, turn onto Scout Lake Loop Rd, drive about a half mile to Adell Ave and turn right. The property is on the left.

Building Info

Units-# of 3 BR: 2

Mortgage Info

EM Minimum Deposit: 4000

Unit #1

Bath - Full: 1 Bath-Three Qtr: 1 Bedroom: 3 Dining Room: 1 Kitchen: 1 Living Room: 1 Utility Room: 1 Extra Room: 2 Parking Spaces: 4

Unit #2

Bath - Full: 1 Bedroom: 3 Kitchen: 1 Living Room: 1 Utility Room: 1 Parking Spaces: 2

Unit #3

Parking Spaces: 2

Unit #4

Garage: 1280 Parking Spaces: 2

Property Features

Multi-Family Type: Other - See Remarks Foundation Type: Pilings; Slab; Other Garage Type: Detached; Heated Heating: Natural Gas; Wood Sewer-Type: Septic Tank Water Source: Private; Well Access Type: Dedicated Road; Government; Maintained Wtrfrnt-Frontage: None Wtrfrnt-Access Near: River Features-MultiFamily: Shed; Washer/Dryer HkUp; Circle Driveway; RV Parking Docs Avl for Review: Prop Discl Available Listing Terms Financing: Cash; Conventional
Listing Office: Century 21 Realty Solutions Freedom Branch
Last Updated: June - 14 - 2026
35061 Adell Avenue, Sterling, AK 99672- MLS# 26-2413
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.