Estimated payment $4,512/month
Highlights
- Property has ocean access
- Homer Middle School Rated A-
- Radiant Heating System
About This Home
Discover an exceptional income-producing property with unmatched views of the Homer Spit, Kachemak Bay, and surrounding mountains. This versatile triplex offers three distinct units, all currently rented, making it a strong investment with immediate returns.Unit 1: Spacious 3-bedroom, 2-bathroom home, fully remodeled in 2022 with modern finishes.Unit 2: Comfortable 2-bedroom, 1.5-bathroom unit, also updated in 2022 for style and convenience. Unit 3: Newly constructed in 2024, this 1-bedroom, 1-bathroom unit combines efficiency and contemporary design. Each residence is designed to capture the natural beauty of Homer, while providing tenants with comfortable living spaces. The property's prime location places you minutes from the hospital, shopping, restaurants, and everyday amenities, adding to its appeal for tenants. Whether you're looking to expand your real estate portfolio or secure a strong-performing property in a sought-after market, this triplex delivers on both lifestyle and investment value.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1984
Parking
- 1 Car Garage
Home Design
- 2,598 Sq Ft Home
- Triplex
- Block Foundation
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Schools
- Paul Banks/Homer Elementary School
- Homer Middle School
- Homer High School
Additional Features
- Property has ocean access
- 0.27 Acre Lot
- Radiant Heating System
Community Details
- 3 Units
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,652 | $371,600 | $117,000 | $254,600 |
| 2024 | $3,652 | $355,900 | $105,800 | $250,100 |
| 2023 | $3,280 | $300,400 | $93,700 | $206,700 |
| 2022 | $3,233 | $287,600 | $78,300 | $209,300 |
| 2021 | $3,102 | $260,100 | $76,200 | $183,900 |
| 2020 | $2,995 | $261,800 | $75,400 | $186,400 |
| 2019 | $1,557 | $270,800 | $75,400 | $195,400 |
| 2018 | $3,102 | $269,700 | $74,800 | $194,900 |
| 2017 | $2,788 | $246,700 | $55,500 | $191,200 |
| 2016 | $2,472 | $218,800 | $52,500 | $166,300 |
| 2015 | $2,320 | $232,300 | $52,500 | $179,800 |
| 2014 | $2,320 | $215,300 | $52,500 | $162,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/04/2025 09/04/25 | For Sale | $799,000 | -0.1% | $308 / Sq Ft | |
| 09/04/2025 09/04/25 | For Sale | $799,900 | +220.0% | $308 / Sq Ft | |
| 04/13/2021 04/13/21 | Sold | -- | -- | -- | View Prior Sale |
| 03/18/2021 03/18/21 | Pending | -- | -- | -- | |
| 03/15/2021 03/15/21 | For Sale | $250,000 | -- | $114 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | -- | First American Title Ins Co | |
| Warranty Deed | -- | First American Title Ins Co | |
| Warranty Deed | -- | First American Title Of Alas | |
| Special Warranty Deed | -- | -- | |
| Trustee Deed | $136,032 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $214,000 | Purchase Money Mortgage | |
| Previous Owner | $201,750 | Purchase Money Mortgage | |
| Previous Owner | $145,832 | Purchase Money Mortgage |
Source: Alaska Multiple Listing Service
MLS Number: 25-11483
APN: 177-270-68
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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.
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