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. 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.
| MLS # | 26-7395 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2016 |
| Days On Site | 66 |
| Listing Provided By | Kachemak Real Estate Group Real Broker | Becky Turkington |
| Bed(s) | 7 |
|---|---|
| Bath(s) | 7 Total |
| SQ Feet | 5,472 |
| Garage | 2 |
| Units | 3 |
| Building(s) | 2 |
| Zoning | RR - Rural Residential |
| Acreage | 0.33 |
| Water Front | Bay, Ocean |
| Property View | Bay, Mountain(s), Spit, Ocean |
| Heating | Radiant Floor, Radiant, Wood, Natural Gas, Wood Stove |
|---|---|
| Heating Yes / No | Yes |
| Roof | Metal |
|---|---|
| Lot Features | Level |
| Wtrfrnt Hyphen Access Sp Near Co Wtrfrnt Hyphen Access Sp Near | Bay, Ocean |
| Construction Materials | Wood Frame |
| Foundation Details | Poured Concrete, Quad-Lock |
| Exterior Sp Finish Co Exterior Sp Finish | Wood, Metal |
| Attached Garage Yes / No | Yes |
|---|---|
| Parking Features | Attached, Heated Garage, Tuck Under |
| Carport Sp Type Co Carport Sp Type | None |
| Sewer | Public Sewer |
|---|
| Road Surface Type | Government, Maintained |
|---|---|
| Frontage Type | None |
| Tax Map Number | N/A |
|---|---|
| Tax Legal Description | Oscar Munson Replat Of L46-47 & L47A |
| State | AK |
|---|---|
| City | Homer |
| Zip Code | 99603 |
| Area | 1B Kenai Peninsula Borough |
| Subarea | Homer |
| School District | Homer |
| Elementary School | Paul Banks/Homer |
| High School | Homer |
| Listing VS Median (in 99603) | |
Price: $1,400,000 low | high Med: $619,000 sqft: 5,472 low | high Med: 1,500 $ / sqft: $256 low | high Med: $413 On site: 66 low | high Med: 315 | |
| State | AK |
|---|---|
| City | Homer |
| Zip Code | 99603 |
| Area | 1B Kenai Peninsula Borough |
| Subarea | Homer |
| School District | Homer |
| Elementary School | Paul Banks/Homer |
| High School | Homer |
| Listing VS Median (in 99603) | |
Price: $1,400,000 low | high Med: $619,000 sqft: 5,472 low | high Med: 1,500 $ / sqft: $256 low | high Med: $413 On site: 66 low | high Med: 315 | |
![]() | $2,399,999895 Ocean Drive LoopHomer, AK 99603 |
![]() | $2,399,999895 Ocean Drive LoopHomer, AK 99603 |