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Amanda Moore

amanda@akrealestate.com +1(907) 302-6975

$ 525,000

Est. payment | -/mo

5 Beds

3 Baths

2,305 SqFt

Save

$ 525,000

Est. payment | -/mo

Save

5 Beds

3 Baths

2,305 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,305 sqft

Price per Sqft $227

Subdivision Fernwood Sub 2004

MLS Listing ID 26-1609

Bedrooms 5

Full Baths 2

Half Baths 1

Construction Status Existing Structure

Year Built 1959

Lot Size 1.080 Acres

Acres 1.0

Source Alaska Multiple Listing Service

Property Description

Homer Bench property with expansive views of Kachemak Bay. Includes a 3-bed, 1.5-bath main home (1,421 sqft) plus detached 2-bed, 1-bath unit (884 sqft) above a heated 2-car garage. Currently, two separate long-term rentals; tenants pay utilities = low operating costs. Instant cash flow + room for growth. Options abound including owner occupancy, multi-generational living, or investment. Perched on the Homer Bench with wide-open views of the Homer Spit, Kachemak Bay, and the surrounding mountains and glaciers, this property offers a rare mix of scenery and flexibility. The setup includes two separate living spaces: a 3-bedroom, 1.5-bath main home and an apartment over a large two-car garage. Both units have been rented long term, with tenants paying their own utilities, keeping operating costs low.

One unit will be available in the coming months, making this a strong option for an owner-occupant who wants help offsetting expenses, or for someone continuing it as a long-term rental property. The garage provides generous storage or parking, with additional on-site parking available.

This is a location people actively look for paired with a property that offers real-world flexibility for how you live or invest in Homer.

Location

State AK

Community Fernwood Sub 2004

Area 492 - Kachemak City/Fritz Creek

Zoning UNZ - Not Zoned

Direction From Homer, travel east on East End Road to Fernwood Drive just before Mile 6. Turn onto Fernwood Drive; the property is a flag lot on the left.

Interior

Heating Baseboard, Floor Furnace, Oil, Wood Stove

Exterior

Parking Features Heated, Tuck Under

Garage Spaces 2.0

Garage Description 2.0

View Bay, Glacier, Ocean, Unobstructed

Roof Type Metal

Topography Sloping

Building

Lot Description Sloping

Foundation Slab

Lot Size Range 1.0

Sewer Septic Tank

New Construction No

Construction Status Existing Structure

Schools

Elementary Schools Paul Banks/Homer

Middle Schools Homer

High Schools Homer

Others

Tax ID 17438017

Listed by Story Real Estate

Nearby Locations

40035 Fernwood DR Homer, AK 99603