MatSu Living

1054 Krueth Way, Homer, AK 99603

$1,400,000
Property Type: Multi-Family Bedrooms: 7 Baths: 7 Square Footage: 5,472 Lot Size (sq. ft.): 14,375 Status: Active
Current Price: $1,400,000 Last Modified: 6/19/2026

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.

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.

More Information MLS# 26-7395

Contract Info

Price-List: 1400000 Concessions YN: No Date-Listing: 2026-06-19 Status: Active Foreclosure/Bank Own: No

Location Tax and Legal

Area: 490 - Homer Street #: 1054 Street Name: Krueth Arterial: Way Closest USPS Town: Homer State: AK Zip Code: 99603

Property Info

Realtor.com Type: Multi-Family Construction Status: Existing Structure Beds: 7 Bathrooms Half: 2 Bathrooms Three Quarter: 2 Bathrooms Full: 3 Bathrooms Total: 7 Bldgs-Ttl #: 2 Year Built: 2016 Year Remodeled: 2023 SF-Res: 5472 Number of Units: 3 SF-Lot: 14374.8 Acres: 0.33 Garage Spaces: 4 Prkg Spcs: 5 Lot Area Source: Tax Authority Zoning: RR - Rural Residential

Directions and Remarks

Directions: Lake St or Ocean Drive to Lake St - Property is on the left hand side - Sign posted.

Building Info

Units- # of 2 BR: 2 Units-# of 3 BR: 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

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

Documents

Listing Office: Kachemak Real Estate Group Real Broker
Last Updated: June - 19 - 2026
1054 Krueth Way, Homer, AK 99603- MLS# 26-7395
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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