Kenai Real Estate Search

Kenai - Life On The River!

On the peninsula of Alaska, you will find our twin cities Kenai and Soldotna. Much like the twin cities of Minnesota, you will also find Kenai nice here! River life is much more relaxed, friendly, and devoted to our outdoors. You won't find sky scrapers here blocking your views of rivers, mountains and moose! To find out more about life is like on the Kenai, click our blog here!

 

Here are some important questions to ask yourself when house hunting:

  • What is my commute time to work?
  • What schools are nearby?
  • What activities do I or my family participate in that are close?
  • Who are my neighbors?
  • What grocery stores or shopping districts are nearby?
  • How hard is it to sell my home if I decide to move in this location.

To find more about the community you're looking at, enter an address HERE.

New Listings on the Kenai!

$3,595,000
26-11179 MLS Undisclosed Highway Frontage BLDG.
Established Kenai Peninsula Commercial Investment - Real Estate, Businesses & Residential Income Exceptional opportunity to acquire a diversified commercial investment on the Kenai Peninsula combining 17,282 square feet of commercial and residential improvements, established restaurant and sports-bar operations, two liquor licenses, three residential apartment units. PICTS NOT ACTUAL PROPERTY Combined real estate and businesses + associated land and parking in one offering. This is an established operating property with multiple potential income streams and substantial existing improvements, offering an investor or owner-operator the opportunity to acquire both the operating businesses and the underlying real estate. Investment Highlights Approximately 17,282 SF of total improvements Approximately 1.17 acres Established full-service restaurant Large dining and banquet/event facilities Popular sports-bar operation Outdoor seating and entertainment area Two liquor licenses, subject to applicable transfer approvals Commercial kitchen, bar, furniture, fixtures and operating equipment, subject to final asset schedule Three residential apartment units Two 2-bedroom apartments One 3-bedroom apartment Two-vehicle garage Ample customer and business parking Established operating history and local customer base Real estate and operating businesses included in the offering Business & Income Performance The combined hospitality businesses generated Multi-million in 2025 revenue. 2025 Adjusted SDE: approximately $465,000 Weighted Normalized SDE: approximately $407,000 The three residential units provide additional rental-income potential: Two 2-bedroom units at approximately $1,600/month each One 3-bedroom unit at approximately $2,000/month Potential Residential Rental Income: $5,200/month Potential Residential Rental Income: $62,400 annually Apartment-related operating expenses have historically been reflected within the property's operating financials; however the rental income has not been reflected in current financials. Based upon normalized business SDE plus potential residential rental income, the property provides a combined income indication of approximately $469,500 annually before financing and buyer-specific adjustments. Alaska LNG Growth Potential The property is strategically located in the greater Kenai Peninsula area, within the region that could experience significant economic activity associated with the proposed Alaska LNG project and planned Nikiski LNG facilities. If the project proceeds as currently proposed, large-scale construction, workforce requirements and associated economic activity could create increased demand for housing, restaurants, entertainment, services and other businesses throughout the Kenai/Nikiski area. The property's combination of established hospitality operations, residential rental units, commercial improvements and substantial parking may position it to participate in potential future regional growth. Complete Investment Offering $3,595,000 Offering includes the real estate, established restaurant and sports-bar businesses, two liquor licenses subject to transfer approval, customary operating furniture, fixtures and equipment, residential apartment units and associated improvements. Detailed financial statements, SDE calculations, asset schedules, property information and additional business information available to qualified prospective purchasers.

3595 Restaurant Street, Soldotna

Listing Office Mossy Oak Properties of Alaska - Wasilla

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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 Properties of Alaska Real Estate Brokers of Alaska 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. Listing last updated: