For sale

$599,000

398 Mountain View Dr, Homer, AK 99603

7beds

2,720sqft

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Multi Family

Built in 1977

-- sqft lot

$583,500 Zestimate^®

$220/sqft

$-- HOA

What's special

Spacious three-bedroom one-bath unit

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.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.

23 days

651

30

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 4
Full bathrooms: 4

Heating

Floor Furnace, Natural Gas

Appliances

Included: Washer/Dryer

Features

Flooring: Carpet, Linoleum, Luxury Vinyl
Has basement: No

Interior area

Total structure area: 2,720
Total interior livable area: 2,720 sqft

Property

Parking

Parking features: No Carport, No Garage

Features

Has view: Yes
View description: Bay, City Lights, Glacier, Mountain(s), Ocean, Spit
Has water view: Yes
Water view: Bay,Ocean,Spit
Waterfront features: No Access, None

Lot

Size: 0.42 Acres
Topography: Level,Sloping

Details

Parcel number: 17727003
Zoning: UR
Zoning description: Urban Residential

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Siding, Frame
Roof: Asphalt

Condition

New construction: No
Year built: 1977
Major remodel year: 2022

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Homer

Financial & listing details

Price per square foot: $220/sqft
Tax assessed value: $378,500
Annual tax amount: $3,713
Date on market: 6/19/2026

Estimated market value

$583,500

$554,000 - $613,000

$1,709/mo

Price history

Date	Event	Price
7/11/2026	Listed for sale	$599,000$220/sqft
Source: AKMLS #26-7408 Report a problem
6/25/2026	Pending sale	$599,000$220/sqft
Source: AKMLS #26-7408 Report a problem
6/19/2026	Listed for sale	$599,000$220/sqft
Source: AKMLS #26-7408 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,713 +11.5%	$378,500 +16.6%
2024	$3,329 +58.7%	$324,500 +68.9%
2023	$2,098 +2.5%	$192,100 +5.5%
2022	$2,047 +3.4%	$182,100 +5.3%
2021	$1,979 +3.6%	$173,000 +3.6%
2020	$1,910	$167,000 +0.1%
2019	$1,910 -0.5%	$166,900 +1.8%
2018	$1,919 +1.8%	$163,900 +1.4%
2017	$1,885 -3%	$161,700 +8.2%
2016	$1,944	$149,500 +1.9%
2015	$1,944	$146,700 -5.5%
2014	$1,944	$155,200 -8.8%
2013	--	$170,200 -0.3%
2012	--	$170,700 -0.8%
2011	--	$172,000 +0.4%
2010	--	$171,300 -19.8%
2009	--	$213,500 +13.7%
2008	--	$187,800 +9.4%
2007	--	$171,700 -0.1%
2006	--	$171,900 +2.9%
2005	--	$167,000
2004	--	--
2003	--	--
2002	--	--
2001	--	--
2000	--	--

Find assessor info on the county website

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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