65449 Lingonberry Road, Ninilchik, AK 99639

$351,000
Property Type: Multi-Family Bedrooms: 5 Baths: 5 Square Footage: 2,970 Lot Size (sq. ft.): 94,525 Status: Active
Current Price: $351,000 Last Modified: 5/12/2026

Description

Income Producing Rental Property: Unlimited Possibilities! This property offers an excellent investment opportunity, providing multiple income streams through both short-term and long-term rentals. With three short-term rental cabins and two long-term rental units, it can accommodate various types of tenants throughout the year.

Supplements: The Cabins: Bear & Wolf Cabins: These dry cabins each feature a kitchenette, sleep 5-6 guests, and are 231 sq. ft. each. Moose Cabin: This cabin has a full kitchen, a ¾ bath, sleeps 6 guests, is 472 sq. ft., and includes a lean-to with freezer storage and covered porch. Shared Wash House: A dual bathroom facility with laundry, 423.5 sq. ft., with an attached tool shed and loft storage. Long-Term Rentals: Double Wide: A 3-bedroom, 1-bathroom home with mountain views, 989 sq. ft.. Single Wide: A 2-bedroom, 1-bathroom unit with mountain views, 773.5 sq. ft.. Additional Features: An insulated and powered 1,200 sq. ft. shop for storage or workspace. A new 192 sq. ft. shed with a lean-to, prepped with power and water lines, ready for a fish cleaning station, freezer storage, or other uses. Fish cleaning table and additional storage shed for equipment or supplies. Additional water and sewer hookups ready for the construction of a new cabin. 5 full RV hookup spots for additional rental income. Insulated and heated well house with a commercial well, ensuring a reliable water supply. 2 septic systems servicing the property. Landscaped lawn that could be utilized for additional camp tent sites. A community campfire area for guests to gather and enjoy the natural surroundings. With peekaboo views of Mt. Iliamna and Redoubt, this property offers an idyllic setting for guests while providing plenty of room to grow or expand. Whether you're looking to continue running it as a vacation rental, start a charter business, or use it for something entirely new, the options are truly limitless!

More Information MLS# 24-13411

Contract Info

Price-List: 351000 Date-Listing: 2024-10-21 Status: Active Foreclosure/Bank Own: No

Location Tax and Legal

Area: 476 - Ninilchik/Happy Valley Street #: 65449 Street Name: Lingonberry Arterial: Road Closest USPS Town: Ninilchik State: AK Zip Code: 99639

Property Info

Realtor.com Type: Multi-Family Construction Status: Existing Structure Beds: 5 Bathrooms Three Quarter: 3 Bathrooms Full: 2 Bathrooms Total: 5 Bldgs-Ttl #: 7 Year Built: 1994 Year Remodeled: 2019 Year Updated: 2022 SF-Res: 2970 Number of Units: 5 SF-Lot: 94525.2 Acres: 2.17 Garage Spaces: 4 Prkg Spcs: 8 Lot Area Source: Tax Authority Zoning: UNK - Unknown

Directions and Remarks

Directions: From Ninilchik take Oil Well Rd. 2 miles take Holly st on R then R on Lingonberry property on Left before the corner.

Building Info

Units- # of Effcncy: 3 Units- # of 2 BR: 1 Units-# of 3 BR: 1

Mortgage Info

EM Minimum Deposit: 5000

Property Features

Multi-Family Type: Multi Family; Other - See Remarks Exterior Finish: Log; Metal; Wood Roof Type: Metal Foundation Type: Pilings; Treated Posts Construction Type: Log; Modular Garage Type: Detached Carport Type: None Heating: Electric; Propane; Wood; Wood Stove Sewer-Type: Septic Tank Water Source: Private; Well Access Type: Dedicated Road; Gravel; Maintained View Type: Mountains; Partial; Territorial Topography: Gently Rolling; Level Wtrfrnt-Frontage: None Wtrfrnt-Access Near: Creek; Inlet; Ocean; River Features-MultiFamily: Covenants; CO Detector(s); Fire Pit; Laundry Facility; Shed; Smoke Detector(s); Vaulted Ceiling(s); Washer/Dryer; Washer/Dryer HkUp; Circle Driveway; RV Parking Flooring: Carpet; Linoleum; Luxury Vinyl; Vinyl Docs Avl for Review: Docs Posted on MLS Listing Terms Financing: 1031 Exchange; Cash; Owner Finance
Listing Office: Mossy Oak Properties of Alaska - Soldotna
Last Updated: May - 12 - 2026
65449 Lingonberry Road, Ninilchik, AK 99639- MLS# 24-13411
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.