Estimated payment $2,625/month
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, 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.
Listing Agent
Century 21 Realty Solutions Freedom Branch License #123713 Listed on: 03/14/2026
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,019 | $411,100 | $35,500 | $375,600 |
| 2024 | $3,019 | $388,500 | $33,900 | $354,600 |
| 2023 | $3,085 | $395,900 | $28,200 | $367,700 |
| 2022 | $2,014 | $279,900 | $25,700 | $254,200 |
| 2021 | $1,930 | $273,800 | $23,000 | $250,800 |
| 2020 | $2,040 | $277,700 | $23,000 | $254,700 |
| 2019 | $1,017 | $277,100 | $23,000 | $254,100 |
| 2018 | $1,930 | $265,400 | $23,000 | $242,400 |
| 2017 | $1,940 | $278,000 | $23,000 | $255,000 |
| 2016 | $1,697 | $246,600 | $20,500 | $226,100 |
| 2015 | $1,769 | $223,800 | $19,500 | $204,300 |
| 2014 | $1,769 | $209,000 | $19,500 | $189,500 |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/28/2026 08/28/26 | Price Changed | $430,000 | -1.1% | $148 / Sq Ft |
| 06/14/2026 06/14/26 | Price Changed | $435,000 | -8.4% | $149 / Sq Ft |
| 03/14/2026 03/14/26 | For Sale | $475,000 | -- | $163 / Sq Ft |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | First American Title |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $160,000 | Commercial | |
| Previous Owner | $50,000 | Seller Take Back |
Melissa and Grace are a dynamic duo that bring both energy and knowledge to their full-time business as realtors. This mother and daughter team have over 25 years of experience in the real estate market on the Kenai Peninsula. Their family homesteaded on the Kenai Peninsula in the early 60's and have lived on the peninsula ever since. Melissa and Grace are active in their community and are involved (current and past) with Red Cross, Kenai Peninsula Association of Realtors, Sterling Community
$77,000
Check out the mountain view from the corner of this lot. This partially cleared lot offers the perfect blend of seclusion and convenience. Surrounded by mature trees, the property provides a natural buffer from neighbors, giving you the peace and privacy you've been looking for.
Melissa Daugherty Century 21 Realty Solutions Freedom Branch
$269,000
This stunning lakefront lot sits on the shoreline of Hall Lake. Enjoy direct access to the water—perfect for lake days, kayaking or simply soaking in the serenity. Electricity is on the adjacent lot and natural gas main is at Lambeau Court & St. Theresas Road. With its unbeatable setting and year-round beauty, this is the ideal spot for a custom home.
Melissa Daugherty Century 21 Realty Solutions Freedom Branch
$279,000
This stunning lakefront lot boasts 175.6 feet of shoreline along Hall Lake. Enjoy direct access to the water—perfect for lake days, kayaking or simply soaking in the serenity. Electricity and natural gas are available at the edge of the property. With its unbeatable setting and year-round beauty, this is the ideal spot for a custom home.
Melissa Daugherty Century 21 Realty Solutions Freedom Branch
$148,000 $13K PRICE INCREASE
Build your dream home on this beautiful, partially cleared lot with views of Hall Lake. Enjoy peaceful surroundings, year-round natural beauty, and easy access to utilities—electricity is adjacent, and natural gas is available at the edge of the property. Seller will be putting in the start of a driveway.
Melissa Daugherty Century 21 Realty Solutions Freedom Branch
$399,000 Coming Soon
Park-like setting on 2.17 acres at the end of the road! This well-maintained ranch-style home offers a peaceful setting with plenty of room to spread out. The home features many updates, including the kitchen, living, & dining areas, with a spacious, open layout perfect for everyday living & entertaining.Currently configured as a 2-bedroom home, but could easily be converted back to 3
Melissa Daugherty Century 21 Realty Solutions Freedom Branch
$200,000
Build your Alaska dream on this ready-to-go homesite! This parcel has already been cleared, providing an excellent start for your future home. Conveniently located just minutes from the popular Morgan's Landing boat launch, you'll enjoy easy access to world-class fishing and boating on the Kenai River. The seller plans to bring electric and natural gas to the lot, adding to the property's appeal
Melissa Daugherty Century 21 Realty Solutions Freedom Branch
$1,450,000
Experience rugged elegance on 2.93 acres along the KENAI RIVER with mountain views. Thoughtfully designed with exceptional craftsmanship and energy efficiency, this custom home combines luxury, durability, and Alaska-inspired living.Built with ICF construction featuring impressive 13.5-foot walls, the home offers comfort year-round with in-floor radiant heat, an air exchange system,
Melissa Daugherty Century 21 Realty Solutions Freedom Branch
$414,500 $5K PRICE DROP
Discover the perfect combination of comfort, functionality, and potential with this inviting two-bedroom, one full bath home featuring mountain views. The attached heated garage provides convenient parking plus generous floor-to-ceiling storage along one side, making it ideal for keeping your gear organized year-round.A standout feature of this property is the expansive second garage,
Melissa Daugherty Century 21 Realty Solutions Freedom Branch
$849,900 $45K PRICE DROP
Don't miss this rare opportunity to own a lakefront lodge with endless possibilities for recreation, rental income, & Alaskan adventure! St. Theresa's Lodge is situated on the shores of Hall Lake, just 7 miles north of Soldotna - home of the famous Kenai River. This property offers 193' of lake frontage with the water's edge just steps away. It's the kind of place where mornings start with loons
Melissa Daugherty Century 21 Realty Solutions Freedom Branch
Source: Alaska Multiple Listing Service
MLS Number: 26-2413
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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 Ten-X are marked with either the listing brokerage’s logo or 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. Copyright 2026 Alaska Multiple Listing Service, Inc. All rights reserved.
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