42706 Old Sterling Hwy Anchor Point, AK 99556
Estimated payment $8,563/month
About This Home
Anchor Bridge Workforce Housing Campus presents a unique opportunity to own a nearly completed income-generating property in the heart of Alaska's Kenai Peninsula. Strategically located along Old Sterling Highway in Anchor Point--just 15 miles from Homer--this purpose-built workforce housing project includes 36 private rooms across duplex-style buildings.Designed to meet the urgent housing needs of seasonal and industrial workers in fishing, construction, oil, gas, and tourism, the campus is ideal for both individual rentals and bulk leasing to employers.
Each unit features shared kitchen and bathroom facilities, with electric, natural gas, internet, and water delivery already in place. The offering includes approximately $500,000 in remaining completion work to be undertaken by the buyer, with clear plans for expansion including a 48-bed bunkhouse, laundry facilities, and corner lot development. First-year financial projections show positive cash flow by Month 9, with a stabilized cap rate of over 20% by Year 4.
The 9.09-acre site offers excellent visibility, private access, and scalable infrastructure. Whether you're an operator or investor looking to meet local housing demand, Anchor Bridge provides an unmatched opportunity in a high-demand, low-supply market.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,861
Year Built
- Built in 2023
Lot Details
- 9.09 Acre Lot
- Suitable for Bed and Breakfast
- Property is zoned UNZ, Not Zoned
Home Design
- 21,798 Sq Ft Home
Bedrooms and Bathrooms
- 36 Bedrooms
- 12 Full Bathrooms
Schools
- Chapman Elementary And Middle School
- Homer High School
Utilities
- Heating Available
- Cistern
- Septic Tank
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $8,861 | $453,900 | $49,500 | $404,400 |
| 2024 | $8,861 | $859,500 | $50,200 | $809,300 |
| 2023 | $472 | $43,800 | $41,800 | $2,000 |
| 2022 | $421 | $38,000 | $36,000 | $2,000 |
| 2021 | $521 | $36,800 | $34,800 | $2,000 |
| 2020 | $412 | $36,800 | $34,800 | $2,000 |
| 2019 | $521 | $46,700 | $45,200 | $1,500 |
| 2018 | $521 | $46,700 | $45,200 | $1,500 |
| 2017 | $511 | $46,700 | $45,200 | $1,500 |
| 2016 | -- | $47,100 | $45,200 | $1,900 |
| 2015 | $632 | $47,100 | $45,200 | $1,900 |
| 2014 | $632 | $47,100 | $45,200 | $1,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/12/2025 06/12/25 | For Sale | $1,495,000 | -- | $69 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | First American Title Ins Co |
Source: Alaska Multiple Listing Service
MLS Number: 25-7227
APN: 171-070-31
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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 2025 Alaska Multiple Listing Service, Inc. All rights reserved.
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