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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. 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.
Property Type(s):
Multi Family
| Last Updated | 6/19/2026 | Year Built | 1977 |
|---|---|---|---|
| Community | 1B - Kenai Peninsula Borough | County | Kenai Peninsula Borough |
SCHOOLS
| Elementary School | Paul Banks/Homer |
|---|---|
| Jr. High School | Homer |
| High School | Homer |
Additional Details
| APPLIANCES | Washer/Dryer |
|---|---|
| AREA | 1B - Kenai Peninsula Borough |
| CONSTRUCTION | Frame, Wood Siding |
| HEAT | Floor Furnace, Natural Gas |
| LOT | 0.42 acre(s) |
| LOT DESCRIPTION | Gentle Sloping, Level, Sloped |
| LOT DIMENSIONS | 18295.2 |
| PARKING | None |
| SEWER | Public Sewer |
| VIEW | Yes |
| VIEW DESCRIPTION | Bay, City Lights, Mountain(s), Ocean |
| WATER | Public |
Listing Office: Kachemak Real Estate Group Real Broker
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 Petersburg Properties LLC are marked with either the listing brokerage’s logo or 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.
Copyright 2026 Alaska Multiple Listing Service, Inc. All rights reserved
This IDX solution is (c) Diverse Solutions 2026.
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