$465,000
$10K PRICE DROP

35061 Adell Ave Sterling, AK 99672

Estimated payment $3,041/month

Total Views 5,746
6 Beds
3 Baths
2,910 Sq Ft
$160 Price per Sq Ft

Highlights

  • River Access
  • Washer and Dryer
  • Heating Available
  • Shed

About This Home

With several rentable structures already in place, plus the property being already set up for future expansion, this unique, income-generating property presents a rare opportunity for investors.The main residence is a spacious 3-bedroom home featuring 1 3/4 bath, an office, a dedicated craft area, and an oversized laundry/pantry room with a projected monthly income around $2,200. Separate fromthe main home is a fully detached 3-bedroom, 1-bath house that is currently leased at $1,600 per month, providing consistent and reliable income from day one.

For the commercial tenant, the expansive 32' x 40' heated shop offers extra potential value. Outfitted with in-floor heat, an overhead heater, a woodstove, and plumbing for a future bathroom, this versatile space includes separate areas for woodworking and auto repair. It also features 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.

This property also includes a gravel pad that's currently ready for future expansion. With natural gas, electric, septic, and well already installed, it's ideal for a new rental unit or RV hookup. As-is, it could bring in extra income per month from RV tenants, or substantially more if developed into an additional dwelling.

Also located on the property is a hobby shed, fully powered and heated with natural gas. Its compact layout includes a loft with pull-down stairs and could be used as a studio, workspace, or storage unit.

If you are looking to expand your real estate portfolio this multi-use rental property might just be what you have been looking for!

See the attachment for more property details.

Listing Agent

Melissa Daugherty

Century 21 Realty Solutions Freedom Branch License #123713 Listed on: 05/20/2025

Century 21 Realty Solutions Freedom Branch

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1996

Parking

  • 1,280 Car Garage
  • 1 Carport Space
  • Open Parking

Home Design

  • 2,910 Sq Ft Home
  • Duplex
  • Pillar, Post or Pier Foundation
  • Slab Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms

Outdoor Features

  • River Access
  • Shed

Schools

  • Sterling Elementary School
  • Skyview Middle School
  • Soldotna High School

Utilities

  • Heating Available
  • Private Water Source
  • Well
  • Septic Tank

Additional Features

  • Washer and Dryer
  • 1.22 Acre Lot

Community Details

  • 5 Buildings
  • 5 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1996

Lot Details

0

Parking

1280

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.22
  • Road Frontage Type: Dedicated Road, Government
  • 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.
  • Carport Y N: Yes
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Duplex, Other - See Remarks
  • Year Built: 1996
  • Special Features: None

Interior Features

  • Number Of Buildings: 5
  • Appliances: Washer/Dryer
  • Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 6
  • Living Area: 2910

Exterior Features

  • View: No
  • Waterfront Features: River Access, None
  • Waterfront: No
  • Disclosures: Prop Discl Available
  • Foundation Details: Other, Pillar/Post/Pier, Slab
  • Other Structures: Shed(s)
  • Property Condition: Existing Structure

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 1
  • Covered Parking Spaces: 1280
  • Garaged Spaces: 1280
  • Open Parking: Yes
  • Parking Features: Circular Driveway, RV Access/Parking, Detached, Heated Garage
  • Total Parking Spaces: 10

Utilities

  • Laundry Features: Washer/Dryer HkUp
  • Heating: Natural Gas
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Private, Well

Schools

  • Elementary School: Sterling
  • High School: Soldotna
  • Middle Or Junior School: Skyview

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 53143.2
  • Mobile Dim Units: Feet
  • Zoning Description: Not Zoned
  • Zoning: UNZ

Green Features

Multi Family

  • Number Of Units Total: 5

Tax Info

  • Tax Map Number: N/A

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2025 06/27/25 Price Changed $465,000 -1.1% $160 / Sq Ft
06/19/2025 06/19/25 Price Changed $470,000 -1.1% $162 / Sq Ft
05/19/2025 05/19/25 For Sale $475,000 -- $163 / Sq Ft
Source: Alaska Multiple Listing Service

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Source: Alaska Multiple Listing Service

MLS Number: 25-5935

Alaska Multiple Listing Service