Real Estate Investment Properties for Sale in Kenai, AK

Looking for investment property in Kenai, AK with high ROI ?

Explore a variety of short-term homes & houses in Kenai, AK. Invest wisely with VRBO & Kenai, AK Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Kenai, AK

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
603 Magic Ave Kenai, AK Beautiful 3 bed, 2 Bath home with fenced back yard & storage shed. Two car heated garage w...	3 beds \| 2 baths \| 1,224 sq.ft.	$469,000	Airbnb cash on cash: 0.33% Traditional cash on cash: 3.15% Airbnb Rental Income: $1245 Traditional Rental Income: $2086 Airbnb ROI: 0.33% Traditional ROI: 3.15%
1207 Portside Drive Kenai, AK A MUST SEE!! Large 2055 sq ft home w/688 sq ft garage on huge .44 lot. Inside custom featu...	4 beds \| 3 baths \| 2,055 sq.ft.	$497,000	Airbnb cash on cash: 0.7% Traditional cash on cash: 5.61% Airbnb Rental Income: $1646 Traditional Rental Income: $3462 Airbnb ROI: 0.7% Traditional ROI: 5.61%
1350 Angler Dr #1 Kenai, AK 1350 Angler Dr #1, Phillips, AK 99611 \| Condo/Coop	3 beds \| 2 baths \| 1,305 sq.ft.	$349,000	Airbnb cash on cash: -3.01% Traditional cash on cash: 1.11% Airbnb Rental Income: $1245 Traditional Rental Income: $2198 Airbnb ROI: -3.01% Traditional ROI: 1.11%
1350 Angler Dr #5 Kenai, AK 1350 Angler Dr #5, Phillips, AK 99611 \| Condo/Coop	2 beds \| 2 baths \| 866 sq.ft.	$279,000	Airbnb cash on cash: -2.52% Traditional cash on cash: 2.42% Airbnb Rental Income: $998 Traditional Rental Income: $1942 Airbnb ROI: -2.52% Traditional ROI: 2.42%
1350 Angler Dr #2 Kenai, AK 1350 Angler Dr #2, Phillips, AK 99611 \| Condo/Coop	2 beds \| 2 baths \| 866 sq.ft.	$279,000	Airbnb cash on cash: -2.52% Traditional cash on cash: 2.42% Airbnb Rental Income: $998 Traditional Rental Income: $1942 Airbnb ROI: -2.52% Traditional ROI: 2.42%
1350 Angler Dr #3 Kenai, AK 1350 Angler Dr #3, Phillips, AK 99611 \| Condo/Coop	2 beds \| 2 baths \| 866 sq.ft.	$279,000	Airbnb cash on cash: -2.52% Traditional cash on cash: 2.42% Airbnb Rental Income: $998 Traditional Rental Income: $1942 Airbnb ROI: -2.52% Traditional ROI: 2.42%
1025 First St Kenai, AK 1025 First St, Kenai, AK 99611 \| Single Family Residential	3 beds \| 2 baths \| 1,366 sq.ft.	$349,000	Airbnb cash on cash: 0.13% Traditional cash on cash: 4.9% Airbnb Rental Income: $1245 Traditional Rental Income: $2413 Airbnb ROI: 0.13% Traditional ROI: 4.9%
1350 Angler Dr #4 Kenai, AK 1350 Angler Dr #4, Phillips, AK 99611 \| Condo/Coop	2 beds \| 2 baths \| 866 sq.ft.	$279,000	Airbnb cash on cash: -2.52% Traditional cash on cash: 2.42% Airbnb Rental Income: $998 Traditional Rental Income: $1942 Airbnb ROI: -2.52% Traditional ROI: 2.42%
306 Koa Cir Kenai, AK 306 Koa Cir, Kenai, AK 99611 \| Single Family Residential	3 beds \| 2 baths \| 1,260 sq.ft.	$389,500	Airbnb cash on cash: -0.11% Traditional cash on cash: 4.45% Airbnb Rental Income: $1245 Traditional Rental Income: $2513 Airbnb ROI: -0.11% Traditional ROI: 4.45%
220 Susieana Ln Kenai, AK 220 Susieana Ln, Kenai, AK 99611 \| Single Family Residential	4 beds \| 2 baths \| 2,108 sq.ft.	$549,000	Airbnb cash on cash: -0.06% Traditional cash on cash: 4.34% Airbnb Rental Income: $1646 Traditional Rental Income: $3438 Airbnb ROI: -0.06% Traditional ROI: 4.34%
2795 Watergate Way Kenai, AK 2795 Watergate Way, Kenai, AK 99611 \| Single Family Residential	3 beds \| 4 baths \| 2,884 sq.ft.	$725,000	Airbnb cash on cash: -1.06% Traditional cash on cash: 3.04% Airbnb Rental Income: $1245 Traditional Rental Income: $3624 Airbnb ROI: -1.06% Traditional ROI: 3.04%
1100 Bridge Access Rd Kenai, AK Lot 1A Bridge Access Rd, Kenai, AK 99611 \| Other	N/A beds \| N/A baths \| N/A	$425,000	Airbnb cash on cash: 3.93% Traditional cash on cash: -0.24% Airbnb Rental Income: $3257 Traditional Rental Income: $864 Airbnb ROI: 3.93% Traditional ROI: -0.24%
L1 Marathon Rd Kenai, AK L1 Marathon Rd, Kenai, AK 99611 \| Other	N/A beds \| N/A baths \| N/A	$473,932	Airbnb cash on cash: 3.3% Traditional cash on cash: -0.12% Airbnb Rental Income: $3257 Traditional Rental Income: $1005 Airbnb ROI: 3.3% Traditional ROI: -0.12%
L2 Marathon Rd Kenai, AK L2 Marathon Rd, Kenai, AK 99611 \| Other	N/A beds \| N/A baths \| N/A	$574,992	Airbnb cash on cash: 2.35% Traditional cash on cash: -0.48% Airbnb Rental Income: $3257 Traditional Rental Income: $1005 Airbnb ROI: 2.35% Traditional ROI: -0.48%
260,264 Airport Way Kenai, AK 260,264 Airport Way, Kenai, AK 99611 \| Other	N/A beds \| N/A baths \| N/A	$495,000	Airbnb cash on cash: 3.07% Traditional cash on cash: -0.52% Airbnb Rental Income: $3257 Traditional Rental Income: $863 Airbnb ROI: 3.07% Traditional ROI: -0.52%
52153 Als Road Kenai, AK Cozy cottage style get away 1 bedroom home with a loft for guests. Currently in use as a b...	1 beds \| 1 baths \| 1,056 sq.ft.	$210,000	Airbnb cash on cash: 4.46% Traditional cash on cash: 8.16% Airbnb Rental Income: $1789 Traditional Rental Income: $2037 Airbnb ROI: 4.46% Traditional ROI: 8.16%
49879 Island Lake Road Kenai, AK GREAT FOR ENTERTAINING! SPACIOUS OPEN CONCEPT 3 bed/2 bath home w/newer 26 ft by 26 ft 676...	3 beds \| 2 baths \| 2,542 sq.ft.	$325,000	Airbnb cash on cash: 1.07% Traditional cash on cash: 9.88% Airbnb Rental Income: $1245 Traditional Rental Income: $3540 Airbnb ROI: 1.07% Traditional ROI: 9.88%
1123 First St Kenai, AK 1123 First St, Kenai, AK 99611 \| Single Family Residential	2 beds \| 1 baths \| 823 sq.ft.	$279,995	Airbnb cash on cash: -0.1% Traditional cash on cash: 5.16% Airbnb Rental Income: $998 Traditional Rental Income: $2030 Airbnb ROI: -0.1% Traditional ROI: 5.16%
110 Wooded Glen Court Kenai, AK RECENTLY RENOVATED open concept home in a great area on Wooded Glen Court. View out back o...	3 beds \| 3 baths \| 2,483 sq.ft.	$497,770	Airbnb cash on cash: 0.11% Traditional cash on cash: 5.73% Airbnb Rental Income: $1245 Traditional Rental Income: $3466 Airbnb ROI: 0.11% Traditional ROI: 5.73%
930 Baleen Ave Kenai, AK 930 Baleen Ave, Kenai, AK 99611 \| Single Family Residential	3 beds \| 2 baths \| 1,583 sq.ft.	$415,500	Airbnb cash on cash: -0.24% Traditional cash on cash: 4.39% Airbnb Rental Income: $1245 Traditional Rental Income: $2650 Airbnb ROI: -0.24% Traditional ROI: 4.39%
940 Baleen Ave Kenai, AK 940 Baleen Ave, Kenai, AK 99611 \| Single Family Residential	3 beds \| 2 baths \| 2,516 sq.ft.	$545,000	Airbnb cash on cash: -0.7% Traditional cash on cash: 3.38% Airbnb Rental Income: $1245 Traditional Rental Income: $2923 Airbnb ROI: -0.7% Traditional ROI: 3.38%
845 Set Net Dr Kenai, AK 845 Set Net Dr, Kenai, AK 99611 \| Single Family Residential	4 beds \| 2 baths \| 2,506 sq.ft.	$455,000	Airbnb cash on cash: 0.38% Traditional cash on cash: 4.52% Airbnb Rental Income: $1646 Traditional Rental Income: $2947 Airbnb ROI: 0.38% Traditional ROI: 4.52%
425 N Forest Dr Kenai, AK 425 N Forest Dr, Kenai, AK 99611 \| Single Family Residential	4 beds \| 3 baths \| 2,208 sq.ft.	$437,000	Airbnb cash on cash: 0.48% Traditional cash on cash: 5.66% Airbnb Rental Income: $1646 Traditional Rental Income: $3301 Airbnb ROI: 0.48% Traditional ROI: 5.66%
313 Cindy Cir Kenai, AK 313 Cindy Cir, Kenai, AK 99611 \| Single Family Residential	3 beds \| 1 baths \| 1,092 sq.ft.	$309,500	Airbnb cash on cash: 0.42% Traditional cash on cash: 4.86% Airbnb Rental Income: $1245 Traditional Rental Income: $2142 Airbnb ROI: 0.42% Traditional ROI: 4.86%

Real Estate investment in Kenai, AK

There are 24 properties for sale in the city of Kenai . The median list price in Kenai is $165,000 and the average price per square foot is $98. In March 2026, the average monthly cash on cash return in Kenai is 5.00%. The average monthly rental income in Kenai is $1,942.

Kenai, AK Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 24 investment properties available for sale in Kenai.

In 2026, the best neighborhood to buy investment property is Kenai.

The ROI for Long-Term is higher than the Short-Term in Kenai with average rental income of $1,942.

Your search for investment property begins and ends here

Investment Property for Sale in Kenai, AK

603 Magic Ave

Kenai, AK

3 beds | 2 baths | 1,224 sq.ft.

$469,000

Airbnb cash on cash: 0.33%

Traditional cash on cash: 3.15%

Airbnb Rental Income: $1245

Traditional Rental Income: $2086

Airbnb ROI: 0.33%

Traditional ROI: 3.15%

1207 Portside Drive

Kenai, AK

4 beds | 3 baths | 2,055 sq.ft.

$497,000

Airbnb cash on cash: 0.7%

Traditional cash on cash: 5.61%

Airbnb Rental Income: $1646

Traditional Rental Income: $3462

Airbnb ROI: 0.7%

Traditional ROI: 5.61%

1350 Angler Dr #1

Kenai, AK

3 beds | 2 baths | 1,305 sq.ft.

$349,000

Airbnb cash on cash: -3.01%

Traditional cash on cash: 1.11%

Airbnb Rental Income: $1245

Traditional Rental Income: $2198

Airbnb ROI: -3.01%

Traditional ROI: 1.11%

1350 Angler Dr #5

Kenai, AK

2 beds | 2 baths | 866 sq.ft.

$279,000

Airbnb cash on cash: -2.52%

Traditional cash on cash: 2.42%

Airbnb Rental Income: $998

Traditional Rental Income: $1942

Airbnb ROI: -2.52%

Traditional ROI: 2.42%

1350 Angler Dr #2

Kenai, AK

2 beds | 2 baths | 866 sq.ft.

$279,000

Airbnb cash on cash: -2.52%

Traditional cash on cash: 2.42%

Airbnb Rental Income: $998

Traditional Rental Income: $1942

Airbnb ROI: -2.52%

Traditional ROI: 2.42%

1350 Angler Dr #3

Kenai, AK

2 beds | 2 baths | 866 sq.ft.

$279,000

Airbnb cash on cash: -2.52%

Traditional cash on cash: 2.42%

Airbnb Rental Income: $998

Traditional Rental Income: $1942

Airbnb ROI: -2.52%

Traditional ROI: 2.42%

1025 First St

Kenai, AK

3 beds | 2 baths | 1,366 sq.ft.

$349,000

Airbnb cash on cash: 0.13%

Traditional cash on cash: 4.9%

Airbnb Rental Income: $1245

Traditional Rental Income: $2413

Airbnb ROI: 0.13%

Traditional ROI: 4.9%

1350 Angler Dr #4

Kenai, AK

2 beds | 2 baths | 866 sq.ft.

$279,000

Airbnb cash on cash: -2.52%

Traditional cash on cash: 2.42%

Airbnb Rental Income: $998

Traditional Rental Income: $1942

Airbnb ROI: -2.52%