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: Pending
Current Price: $599,000 Last Modified: 8/06/2026

Overview

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.

Listing Details MLS# 26-7408

Contract Info

Price-List
599000
Concessions YN
No
Date-Listing
2026-06-19
Foreclosure/Bank Own
No

Sold Info

Date-Pending
2026-08-05

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 #
Yes
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
Bathrooms Half
0
Bathrooms Three Quarter
0
Garage Spaces
0
Carport Spaces
0

Directions and Remarks

Directions
Main St to Mountain View Drive - Property the left

Building Info

Units-# of 1 BR
2
Units- # of 2 BR
Yes
Units-# of 3 BR
Yes

More Information

Location, Tax and Legal

Region
1 - Southcentral Alaska Region
Borough/Census Area
1B - Kenai Peninsula Borough
Grid # (Muni Anch)
N/A
Tax Map #-Mat-Su
N/A
Legal
Anderson 1976 L3 B8
School-Elementary
Paul Banks/Homer
School-Middle
Homer
School-High
Homer

Multi-Family Type

Apartment Style
Yes
Up and Down
Yes

Listing Terms Financing

1031 Exchange
Yes
Cash
Yes
Conventional
Yes

Exterior Finish

Wood
Yes

Heating

Floor Furnace
Yes
Natural Gas
Yes

Topography

Level
Yes
Sloping
Yes

Roof Type

Asphalt
Yes

Construction Type

Wood Frame
Yes

Foundation Type

Unknown - BTV
Yes

View Type

Bay
Yes
City Lights
Yes
Glacier
Yes
Mountains
Yes
Ocean
Yes
Spit
Yes

Wtrfrnt-Access Near

None
Yes

Garage Type

None
Yes

Wtrfrnt-Frontage

None
Yes

Carport Type

None
Yes

Flooring

Carpet
Yes
Linoleum
Yes
Luxury Vinyl
Yes

Sewer-Type

Public Sewer
Yes

Water Source

Public
Yes

Access Type

Dedicated Road
Yes
Government
Yes
Maintained
Yes

Features-MultiFamily

Washer/Dryer
Yes

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
IDX
Listing Office: Kachemak Real Estate Group Real Broker
Last Updated: August - 06 - 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.