$1,460,000
Ketchikan, AK 99901
MLS# 25-14549
8 beds | 5 baths | 4938 sqft

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Property Description
A rare investment and redevelopment opportunity along one of Ketchikan's most desirable waterfront corridors. This unique offering includes three separate parcels totaling just under 2 acres, positioned on a prominent peninsula with 808 feet of waterfrontage and 2.48 acres of leased tidelands. Located between Downtown Ketchikan and Ward Cove—both home to cruise ship berths—the site provides
Details
Maps
Contract Info
Foreclosure/Bank Own: No
Price-List: 1460000
Date-Listing: 2025-12-02
Status: Active
Location, Tax and Legal
Region: 2 - Southeast Alaska Region
Borough/Census Area: 2C - Ketchikan Gateway Borough
Grid # (Muni Anch): N/A
Tax Map #-Mat-Su: N/A
Legal: L1 & L3-4 USS 1267
Taxes (Estimated): 9880.58
Tax Year: 2025
School-Elementary: Point Higgins
School-Middle: Schoenbar
School-High: Ketchikan
Assessed Value: 1401500
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Bathrooms Half: 1
Bathrooms Three Quarter: 0
Bathrooms Full: 4
Bathrooms Total: 5
Bldgs-Ttl #: 2
Acres: 2
SF-Lot: 86957
Lot Area Source: Tax Authority
Zoning: IH - Heavy Industrial
Garage Spaces: 3
Carport Spaces: 0
Prkg Spcs: 12
Beds: 8
Year Built: 1975
SF-Res: 4938
Number of Units: 4
Directions and Remarks
Directions: 5 miles north of downtown just past the car wash
Multi-Family Type
Other - See Remarks: 1
Building Info
Units-# of 1 BR: 2
Units-# of 3 BR: 2
Exterior Finish
Wood: 1
Other - See Remarks: 1
Heating
Baseboard: 1
Oil: 1
Topography
Level: 1
Roof Type
Metal: 1
Foundation Type
Poured Concrete: 1
View Type
Ocean: 1
Wtrfrnt-Access Near
Ocean: 1
Garage Type
Attached: 1
Wtrfrnt-Frontage
Oceanfront: 1
Flooring
Carpet: 1
Linoleum: 1
Waterfront Details
Waterfront Name: Tongass Narrows
Sewer-Type
Septic Tank: 1
Water Source
Cistern: 1
Features-MultiFamily
Fixer-Upper: 1
Washer/Dryer: 1
Location Tax and Legal
Area: 565 - Ketchikan Gateway Borough - All
Street #: 5581
Directional: N
Street Name: Tongass
Arterial: Highway
Closest USPS Town: Ketchikan
State: AK
Zip Code: 99901
Property Features
Multi-Family Type: Other - See Remarks
Exterior Finish: Wood; Other - See Remarks
Roof Type: Metal
Foundation Type: Poured Concrete
Garage Type: Attached
Heating: Baseboard; Oil
Sewer-Type: Septic Tank
Water Source: Cistern
View Type: Ocean
Topography: Level
Wtrfrnt-Frontage: Oceanfront
Wtrfrnt-Access Near: Ocean
Features-MultiFamily: Fixer-Upper; Washer/Dryer
Flooring: Carpet; Linoleum
Supplements
exceptional visibility, access, and long-term potential. The improved parcels include two duplex structures. 5579 N. Tongass was built in 1950 and is approximately 2,595 sq ft, this stone constructed duplex features a 3BR/2BA upper unit and a 1BR/1BA lower unit + storage.
5581 N. Tongass is also a duplex, built in 1975 that includes a 3BR/2.5BA upper unit a a 1BR/1BA lower unit. Similar to the neighboring building , these improvements exhibit deferred maintenance and present an opportunity for substantial renovation or redevelopment. Adjacent to the residential structures is a vacant waterfront parcel zoned Heavy Industrial, adding versatility for future use and enhancing the sites appeal for commercial, marine-oriented, or mixed-use development concepts. With its expansive shoreline, prime location along the North Tongass corridor, and proximity to major visitor hubs, this property is ideally suited for a buyer looking to reimagine the site, change the existing use or completely redevelop the property. few offerings combine this amount of land, waterfront, and strategic positioning-making this a standout opportunity in the Ketchikan market.
IDX
Listing Office: Coastal Keller Williams Realty Alaska Group
Last Updated: December - 08 - 2025
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 the site owner are marked with 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. Site contains live data.