TRULY ONE-OF-A-KIND ALASKA ESTATE WITH INCOME + VIEWS Rare opportunity to own a 7.14-acre multi-residence property on two parcels (37905 / 37909 Hall Road) overlooking the Kenai River basin and Kenai Mountains. This unique estate blends proven rental income, privacy, and exceptional craftsmanship. Features include: 3 bed / 2 bath custom post & beam main home (Raven's Bluff House), 2 bed / 1 bath walkout daylight in-law apartment, detached log workshop/rec building with 1 bed / 1 bath apartment, plus two additional cabins. Many furnishings included. Established income streams: - Main house + in-law unit operate as a successful VRBO tourism rental with 14-year history, 75+ five-star reviews, and repeat guests - Cabins + workshop apartment are leased to long-term tenants for steady year-round income Exceptional setting: Southern exposure with sunrise views over the mountains and all-day sunlight, plus peaceful sunset views over a western valley. Frequent wildlife sightings include eagles, moose, lynx, and seasonal migrations of Sandhill Cranes and other birds. Prime location: Approx. 10-minute walk via paved road or 15-minute wooded trail to Morgan's Landing (Alaska State Parks) offering riverfront hiking trails and elevated fishing platforms on the Kenai River. Flexible use: continue mixed rental model, expand tourism, or create a private retreat. Package sale only. Cash or conventional financing.
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.
This is a TURN KEY investment opportunity .Located in a prime spot for fishing on the Kenai River, this lodge has 6 Cabins 2 bunkhouses, private living quarters a Great room w/Private bar and full kitchen making it ideal for corporate retreats and weddings. This Lodge currently is ran 31/2 months out of the year , To maximize revenue you might explore running it year around. please see videos FOR FINANCIALS PLEASE SIGN THE FORM IN THE DOCUMENTS THIS SALE INCLUDES TWO LOTS GREAT LAND AND RIPPA COURT GREATLAND -HAS THE LODGE (JOYS KENAI RIVER CABINS) COMPLETLY TURN KEY RIPPA COURT- HAS A HUGE GARAGE/ SHOP/CARPORT W/2 WALK IN FREEZERS A BOAT, FISHING GEAR ,ICE MAKER SMOKER AND SHED. THIS LOT HAS HAD OVER 400K IN ADDITION'S ADDED TO IT. PLEASE SEE INVENTORY LIST AND BILL OF SALE
Nicely kept unique duplex w/two 1-bed 1-bath apartments with appx. 1600sqft garage and a huge yard 2.73 acres cleared, leveled and gravel. 2-overhead 14' garage doors, ceiling gas heat, spray foam insulation, floor drain, water softener, landscaped yard area with sprinkler system. Both apartments have own washer & dryer, 1st floor infloor heat, 2nd floor baseboard heat, spacious bedrooms.
Two charming cabins, one incredible opportunity! These well-maintained cabins each offer a warm and inviting loft area, a ¾ bathroom, exposed beams, and a well-appointed, usable kitchen. Enjoy cozy outdoor living with each cabin featuring a private covered porch, ideal for relaxing or entertaining. Separate parking areas and individual septic systems ensure both privacy and convenience for owners and guests alike. A newly completed well (2025) provides reliable water access for both homes, adding to the property's functionality and appeal. Both cabins are currently heated with oil but natural gas is to the cabin. Whether you're looking for a full-time residence with rental income, a multi-generational setup, or a smart investment, this property delivers!
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 calling and evenings end around a crackling fire. This property features a commercial kitchen, guests dining hall and seating area, 2 fully furnished rentals that sleep 4 each, 1 fully furnished rental that sleeps 6, a dry cabin, a fixer upper cabin, a covered picnic area, large yard, stocked maintenance shed/workshop, guest restrooms and shower facilities, laundry room, and storage/utility room, fish cleaning station, and a vacuum pack/freezer room. This property offers beauty and income potential in one stunning location!

Sterling is located in Alaska. Sterling, Alaska has a population of 6,016. Sterling is more family-centric than the surrounding county with 31.57% of the households containing married families with children. The county average for households married with children is 30.39%.
The median household income in Sterling, Alaska is $99,093. The median household income for the surrounding county is $70,609 compared to the national median of $69,021. The median age of people living in Sterling is 45.5 years.
The average high temperature in July is 65.2 degrees, with an average low temperature in January of 5.9 degrees. The average rainfall is approximately 21.9 inches per year, with 80.9 inches of snow per year.