$1,400,000
Homer, AK 99603
MLS# 26-7395
7 beds | 7 baths | 5472 sqft

1 / 88
Property Description
Income opportunity with expansive views of Kachemak Bay and a prime in-town location. This versatile property features two separate structures, offering multiple options for rental income, owner occupancy, workspace, or multi-generational living.
Details
Maps
Documents
Contract Info
Concessions YN: No
Foreclosure/Bank Own: No
Price-List: 1400000
Date-Listing: 2026-06-19
Status: Active
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Bathrooms Half: 2
Bathrooms Three Quarter: 2
Bathrooms Full: 3
Bathrooms Total: 7
Bldgs-Ttl #: 2
Acres: 0.33
SF-Lot: 14374.8
Lot Area Source: Tax Authority
Year Remodeled: 2023
Zoning: RR - Rural Residential
Garage Spaces: 4
Carport Spaces: 0
Prkg Spcs: 5
Beds: 7
Year Built: 2016
SF-Res: 5472
Number of Units: 3
Location, Tax and Legal
Region: 1 - Southcentral Alaska Region
Borough/Census Area: 1B - Kenai Peninsula Borough
Grid # (Muni Anch): N/A
Tax Map #-Mat-Su: N/A
Legal: OSCAR MUNSON SUB REPLAT OF LOTS 46 & 47 LOT 47A
School-Elementary: Paul Banks/Homer
School-Middle: Homer
School-High: Homer
Directions and Remarks
Directions: Lake St or Ocean Drive to Lake St - Property is on the left hand side - Sign posted.
Multi-Family Type
Other - See Remarks: 1
Building Info
Units- # of 2 BR: 2
Units-# of 3 BR: 1
Listing Terms Financing
1031 Exchange: 1
Cash: 1
Conventional: 1
Exterior Finish
Metal: 1
Wood: 1
Heating
Natural Gas: 1
Radiant: 1
Radiant Floor: 1
Wood: 1
Wood Stove: 1
Topography
Level: 1
Roof Type
Metal: 1
Construction Type
Wood Frame: 1
Foundation Type
Poured Concrete: 1
Quad-Lock: 1
View Type
Bay: 1
Mountains: 1
Ocean: 1
Spit: 1
Wtrfrnt-Access Near
Bay: 1
Ocean: 1
Garage Type
Attached: 1
Heated: 1
Tuck Under: 1
Wtrfrnt-Frontage
None: 1
Carport Type
None: 1
Flooring
Luxury Vinyl: 1
Tile: 1
Other: 1
Sewer-Type
Public Sewer: 1
Water Source
Public: 1
Access Type
Government: 1
Maintained: 1
Features-MultiFamily
In City Limits: 1
Vaulted Ceiling(s): 1
Washer/Dryer: 1
Heated Sidewalks: 1
Docs Avl for Review
As-Built: 1
Unit #1
Bath - Full: 1
Bath-Half: 1
Bath-Three Qtr: 1
Bedroom: 3
Unit #2
Bath - Full: 1
Bath-Half: 1
Bedroom: 2
Unit #3
Bath - Full: 1
Bath-Three Qtr: 1
Bedroom: 2
Extra Room: 1
Location Tax and Legal
Area: 490 - Homer
Street #: 1054
Street Name: Krueth
Arterial: Way
Closest USPS Town: Homer
State: AK
Zip Code: 99603
Property Features
Multi-Family Type: Other - See Remarks
Exterior Finish: Metal; Wood
Roof Type: Metal
Foundation Type: Poured Concrete; Quad-Lock
Construction Type: Wood Frame
Garage Type: Attached; Heated; Tuck Under
Carport Type: None
Heating: Natural Gas; Radiant; Radiant Floor; Wood; Wood Stove
Sewer-Type: Public Sewer
Water Source: Public
Access Type: Government; Maintained
View Type: Bay; Mountains; Ocean; Spit
Topography: Level
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: Bay; Ocean
Features-MultiFamily: In City Limits; Vaulted Ceiling(s); Washer/Dryer; Heated Sidewalks
Flooring: Luxury Vinyl; Tile; Other
Docs Avl for Review: As-Built
Listing Terms Financing: 1031 Exchange; Cash; Conventional
Supplements
The main building includes a beautiful apartment with three bedrooms, three bathrooms, and a large tuck-under shop. The upper level offers two bedrooms, two bathrooms, and an incredible deck designed to take full advantage of the bay and mountain views. On the lower level, part of the garage has been thoughtfully converted into a bedroom/gym area and pantry, along with office space and a half bath. The second structure is an up/down duplex. The lower unit features two bedrooms, one and a half bathrooms, and in-unit laundry, while the upper unit offers two bedrooms, two bathrooms, laundry, and a bonus room that could serve as an office, guest space, or third bedroom. Located just steps from Kachemak Bay and connected to city utilities, this property offers flexibility, functionality, and outstanding investment potential in the heart of Homer.
IDX
Listing Office: Kachemak Real Estate Group Real Broker
Last Updated: June - 19 - 2026
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 the site owner are marked with 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. Site contains live data.
As Built