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$525,000

12 hours ago

5 Bed

3 Bath

2305 sqft

4 Parking

MLS® 26-1609

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 2305 sqft
Garage Yes
Taxes 
Days Active 0
Lot Size 1.08 acres
Approx. Age 1959
Avg. Price Per Sqft $227
MLS® Number 26-1609

Property Address: 40035 Fernwood Drive, Homer, AK, 99603

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number26-1609
Laundry LevelWasher/Dryer HkUp
Central VacNo
FireplaceNo
Acreage1.08
Exterior
GarageYes
Approx. Age1959
Basement
DrivewayNo Carport, Heated Garage, Tuck Under
Garage Spaces1
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 21, 2026List Date
$525,000List Price
  • Commute

Commute

Starting Address
Destination Address
40035 Fernwood Drive, Homer, AK

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