$599,000
398 Mountain View Drive
Homer, AK 99603
MLS# 26-7408
7 beds  |  4 baths  |  2720 sqft
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Property Description
Exceptional investment opportunity with sweeping views of Kachemak Bay, the Homer Spit, and the surrounding mountains. This fourplex offers a combination of immediate rental income and value-add potential. Unit 1 is a spacious three-bedroom, one-bath unit that is currently vacant, providing the perfect opportunity for an owner-occupant or investor to build equity through updates and improvements.

Details
Documents
Contract Info
Concessions YN: No
Foreclosure/Bank Own: No
Price-List: 599000
Date-Listing: 2026-06-19
Status: Active
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Bathrooms Half: 0
Bathrooms Three Quarter: 0
Bathrooms Full: 4
Bathrooms Total: 4
Bldgs-Ttl #: 1
Acres: 0.42
SF-Lot: 18295.2
Lot Area Source: Tax Authority
Year Updated: 2022
Zoning: UR - Urban Residential
Garage Spaces: 0
Carport Spaces: 0
Prkg Spcs: 8
Beds: 7
Year Built: 1977
SF-Res: 2720
Number of Units: 4
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: ANDERSON 1976 SUB LOT 3 BLK 8
School-Elementary: Paul Banks/Homer
School-Middle: Homer
School-High: Homer
Directions and Remarks
Directions: Main St to Mountain View Drive - Property the left
Multi-Family Type
Apartment Style: 1
Up and Down: 1
Building Info
Units-# of 1 BR: 2
Units- # of 2 BR: 1
Units-# of 3 BR: 1
Listing Terms Financing
1031 Exchange: 1
Cash: 1
Conventional: 1
Exterior Finish
Wood: 1
Heating
Floor Furnace: 1
Natural Gas: 1
Topography
Level: 1
Sloping: 1
Roof Type
Asphalt: 1
Construction Type
Wood Frame: 1
Foundation Type
Unknown - BTV: 1
View Type
Bay: 1
City Lights: 1
Glacier: 1
Mountains: 1
Ocean: 1
Spit: 1
Wtrfrnt-Access Near
None: 1
Garage Type
None: 1
Wtrfrnt-Frontage
None: 1
Carport Type
None: 1
Flooring
Carpet: 1
Linoleum: 1
Luxury Vinyl: 1
Sewer-Type
Public Sewer: 1
Water Source
Public: 1
Access Type
Dedicated Road: 1
Government: 1
Maintained: 1
Features-MultiFamily
Washer/Dryer: 1
Location Tax and Legal
Area: 490 - Homer
Street #: 398
Street Name: Mountain View
Arterial: Drive
Closest USPS Town: Homer
State: AK
Zip Code: 99603
Property Features
Multi-Family Type: Apartment Style; Up and Down
Exterior Finish: Wood
Roof Type: Asphalt
Foundation Type: Unknown - BTV
Construction Type: Wood Frame
Garage Type: None
Carport Type: None
Heating: Floor Furnace; Natural Gas
Sewer-Type: Public Sewer
Water Source: Public
Access Type: Dedicated Road; Government; Maintained
View Type: Bay; City Lights; Glacier; Mountains; Ocean; Spit
Topography: Level; Sloping
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: None
Features-MultiFamily: Washer/Dryer
Flooring: Carpet; Linoleum; Luxury Vinyl
Listing Terms Financing: 1031 Exchange; Cash; Conventional
Supplements
The remaining three units are occupied and generating income. Occupied units have had updates completed! Unit 2 features one bedroom and one bathroom, Unit 3 offers one bedroom and one bathroom, and Unit 4 includes two bedrooms and one bathroom.
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.

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