Two-Unit Duplex with Bay
New
For Sale
$515,000
40035 Fernwood Dr, Homer, AK 99603
Separate living spaces support rental, owner-occupancy, or multigenerational use.
Property Size2,305 SF
Price / SF$223.43
Days on Market2
Property Features for 40035 Fernwood Dr
General Information
Standard status
Active
Size
2,305 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1959
Buildings
2
Listing Agency:
Story Real Estate
Listed By:
Sarah M Richardson · License #108060
(907) 299-5909
Source:
Bktanchorage
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 3 at 2:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Story Real Estate
Investment Insights
Based on property information with market context.
This duplex property combines a 1,421-square-foot, three-bedroom, one-and-a-half-bath main home with a detached 884-square-foot, two-bedroom, one-bath apartment. The apartment sits above a heated two-car garage, creating additional space for parking or storage. Both residences have operated as separate long-term rentals, with tenants responsible for their own utilities. One unit is expected to become available in the coming months, supporting a range of occupancy arrangements.
Set on the Homer Bench, the property has broad sightlines toward Kachemak Bay, the Homer Spit, surrounding mountains, and glaciers. Built in 1959, the property totals 2,305 square feet and includes additional on-site parking. Its two distinct living areas can accommodate continued rental use, owner occupancy with a second income-producing unit, or multigenerational living.
Set on the Homer Bench, the property has broad sightlines toward Kachemak Bay, the Homer Spit, surrounding mountains, and glaciers. Built in 1959, the property totals 2,305 square feet and includes additional on-site parking. Its two distinct living areas can accommodate continued rental use, owner occupancy with a second income-producing unit, or multigenerational living.
Key Highlights
- Two residences totaling 2,305 square feet
- Main home offers 3 bedrooms, 1.5 baths, and 1,421 sqft
- Detached 2‑bedroom, 1‑bath unit measures 884 sqft
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Demographics for 99603, AK
10,766
Population
6,251
Households
1.7
Avg Household Size
43
Median Age
39%
College-Educated
94%
High-School Grad
1,068.8 sq mi
ZIP Area
10
Density / Sq Mi
$76,368
Median Household Income
$41,530
Median Earnings
$1,236
Median Rent
$345,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate living spaces support rental, owner-occupancy, or multigenerational use.
Where is this duplex located?
The property is located at 40035 Fernwood Dr Homer, AK.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Two residences totaling 2,305 square feet; Main home offers 3 bedrooms, 1.5 baths, and 1,421 sqft; Detached 2‑bedroom, 1‑bath unit measures 884 sqft
