398 Mountain View Drive, Homer, AK 99603
$599,000
Property Type:
Multi-Family
Bedrooms:
7
Baths:
4
Square Footage:
2,720
Lot Size (sq. ft.):
18,295
Status:
Active
Current Price:
$599,000
Last Modified:
6/19/2026
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.
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.
More Information MLS# 26-7408
Contract Info
Price-List: 599000
Concessions YN: No
Date-Listing: 2026-06-19
Status: Active
Foreclosure/Bank Own: No
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 Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Beds: 7
Bathrooms Full: 4
Bathrooms Total: 4
Bldgs-Ttl #: 1
Year Built: 1977
Year Updated: 2022
SF-Res: 2720
Number of Units: 4
SF-Lot: 18295.2
Acres: 0.42
Prkg Spcs: 8
Lot Area Source: Tax Authority
Zoning: UR - Urban Residential
Directions and Remarks
Directions: Main St to Mountain View Drive - Property the left
Building Info
Units-# of 1 BR: 2
Units- # of 2 BR: 1
Units-# of 3 BR: 1
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
Documents
Property Profile ›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.
