Kenai, AK Multifamily Homes & Duplexes for Sale

/38
$299,000
- 2 Beds
- 2 Baths
- 1,680 Sq Ft
513 Peninsula Ave, Kenai, AK 99611

WATERFRONT DUPLEX WITH KENAI RIVER & COOK INLET VIEWS!Rare investment opportunity! This well-maintained duplex boasts breathtaking views of both the Kenai River and Cook Inlet. Each unit offers comfortable living with easy access to world-class fishing and outdoor recreation. Proven performer with excellent rental history--ideal for investors or owner-occupants looking to offset costs.Information

Gina Pelaia

Berkshire Hathaway HomeServices Alaska Realty

(888) 451-1674

513 Peninsula Ave, Kenai, AK 99611
/39
$160,000
- 1 Bed
- 1 Bath
- 1,035 Sq Ft
50227 Terry Ray Ave, Kenai, AK 99611

Charming Unfinished Cabin with Great Potential!This cozy cabin offers a unique opportunity to add your personal touch. Featuring an open-concept kitchen and living area, this space is perfect for relaxed living or weekend getaways. The home includes one finished bedroom and one full bathroom, freshly painted with new trim and flooring throughout.A second bedroom is framed in and ready foryour

Tiffany Holly Century 21 Realty Solutions Freedom Branch

50227 Terry Ray Ave, Kenai, AK 99611
/28
$2,395,000
- 24 Beds
- 12 Baths
- 11,664 Sq Ft
408 Eadies Way, Kenai, AK 99611

3 separate 4 plex units, each is 2 BR / 1BA and all are 972 Sq. Ft. for a total of Sq. Ft. of 11,664 Sq. Ft. All are constructed by HAPCO Custom Homes and far above most all other multi family units. All feature entire new heat systems, all tile flooring, almost 12,000 Sq. Ft. of paving. Also features sound barrier batt seperation between all walls.

Fred Braun Jack White Real Estate Kenai

408 Eadies Way, Kenai, AK 99611
/35
$410,000
- 6 Beds
- 2 Baths
- 2,224 Sq Ft
408 Haller St, Kenai, AK 99611

Very nice updated 2224sf duplex in Kenai. This well maintained duplex has 3 beds and 1 full bath each side for total of 6 beds and 2 full baths. Each unit has its own carport. Upstairs of both units have new windows 2025, Unit 1 painted in 2024, Unit 2 upstairs has new paint, new fixtures/new bath, new flooring upstairs May 2025. Occupancy rate is 100% since 2021.

Debra Hunt Mossy Oak Properties of Alaska - Kenai

408 Haller St, Kenai, AK 99611
/22
$369,000
- 5 Beds
- 3.5 Baths
- 2,674 Sq Ft
5743 Kenai Spur Hwy, Kenai, AK 99611

Excellent opportunity with this duplex featuring two stand-alone residences. Small home has one bedroom and 3/4 bath with established renter. Larger home is 3 bedrooms and 2 1/2 baths. With 240 feet of Kenai Spur frontage this property features an enclosed area that would be great for commercial or retail application. Separate garage/shop and plenty of room for expansion. Retail or office space

Tom Lucas Sr Mossy Oak Properties Alaska LLC

5743 Kenai Spur Hwy, Kenai, AK 99611

Alaska Kenai Peninsula County Kenai

Why Live in Kenai

Kenai, located on the Kenai Peninsula in Alaska, offers a blend of outdoor adventures and everyday conveniences. The city is surrounded by mountains, ocean, and rivers, making it a prime spot for fishing, boating, and wildlife viewing. Residents enjoy year-round recreation with winter activities like cross-country skiing and ice fishing, and summer temperatures reaching around 65 degrees for hiking and fishing. The Cook Inlet and Kenai River are popular for catching king and sockeye salmon, while local parks such as Cunningham Park and Daubenspeck Family Park provide spaces for bank fishing and dog walking. Indoor facilities include the Kenai Recreation Center and the Kenai Multi-Purpose Facility, which features an ice rink open from October to March. Housing options range from single-family homes, including New Traditional, ranch-style, and colonial-inspired houses, to condos and manufactured homes. Commercial development is concentrated along Kenai Spur Highway, with stores like Three Bears and Safeway, and dining options such as Paradiso's pizza and Louie’s Steak & Seafood. Community events are held throughout the year, including the kite festival at Millennium Square and the Kenai Fall Pumpkin Festival. Kenai Old Town offers a glimpse into local history with preserved buildings like the 19th-century Russian Orthodox Church. Education is provided by the Kenai Peninsula Borough School District, with highly rated Cook Inlet Academy offering private K-12 education in nearby Soldotna. Travel is facilitated by the Kenai Spur Highway, leading to Soldotna 11 miles away, and the Kenai Municipal Airport for flights to Anchorage, 160 miles northwest.

Learn more about living in Kenai

Home Trends in Kenai, AK

On average, homes in Kenai, AK sell after 31 days on the market compared to the national average of 70 days. The median sale price for homes in Kenai, AK over the last 12 months is $319,995, up 2% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$319,995

Median Single Family Sale Price

$335,000

Average Price Per Sq Ft

$237

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

1.40

Median List Price

$338,100

Median Change From 1st List Price

Median Home Sale Price YoY Change

How to Buy a Home How to Finance a Home How to Sell a Home

In Kenai, there are currently 5 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $160,000 to $2,395,000, there's a range to accomodate every budget. As of August, 2025 the median home price in Kenai is $338,100, while the average sale price is $288,688, offering insights into the local housing market. On average, multi-family homes spend 31 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Kenai, AK.

Kenai Types of Homes for Sale

Kenai Homes for Sale

More About Living in Kenai

Homes in Nearby Cities

Homes in Nearby Boroughs

Kenai Peninsula Borough Homes for Sale

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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 Ten-X 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 2025 Alaska Multiple Listing Service, Inc. All rights reserved.