$995,000
Ketchikan, AK 99901
MLS# 25-1167
Status: Closed
11 beds | 7 baths | 7100 sqft
1 / 29
Property Description
A rare opportunity awaits at this prime downtown Ketchikan property, offering five rental units across two well-maintained buildings with stunning views of the Narrows. Whether you're an investor looking to expand your portfolio or searching for an owner-occupy opportunity with rental income, this turnkey property delivers strong cash flow and immediate returns. Building 1 features three
Details
Maps
Documents
Contract Info
Foreclosure/Bank Own: No
Price-List: 995000
Date-Listing: 2025-02-06
Status: Closed
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 BE SCHOENBAR ADDN, ACCORDING TO PLAT MADE BY JOSEPH ULMER, C.E., dated 4/15/1921
Taxes (Estimated): 5031
Tax Year: 2025
School-Elementary: Houghtaling
School-Middle: Schoenbar
School-High: Ketchikan
Assessed Value: 426400
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Bathrooms Half: 0
Bathrooms Three Quarter: 0
Bathrooms Full: 7
Bathrooms Total: 7
Bldgs-Ttl #: 2
Acres: 0.12
SF-Lot: 5077
Lot Area Source: Tax Authority
Zoning: RH - High Density Residential
Garage Spaces: 0
Carport Spaces: 0
Prkg Spcs: 0
Beds: 11
Year Built: 1940
SF-Res: 7100
Number of Units: 5
Directions and Remarks
Directions: .
Multi-Family Type
Side by Side: 1
Up and Down: 1
5+ Units: 1
Heating
Electric: 1
Floor Furnace: 1
Roof Type
Shingle: 1
Foundation Type
Poured Concrete: 1
View Type
Ocean: 1
Wtrfrnt-Access Near
None: 1
Wtrfrnt-Frontage
None: 1
Sewer-Type
Public Sewer: 1
Water Source
Public: 1
Features-MultiFamily
Laundry Facility: 1
Sold Info
Date-Pending: 2025-02-15
Date-Closing: 2025-05-16
Location Tax and Legal
Area: 565 - Ketchikan Gateway Borough - All
Street #: 634/638
Street Name: Grant
Arterial: Street
Closest USPS Town: Ketchikan
State: AK
Zip Code: 99901
Property Features
Multi-Family Type: Side by Side; Up and Down; 5+ Units
Roof Type: Shingle
Foundation Type: Poured Concrete
Heating: Electric; Floor Furnace
Sewer-Type: Public Sewer
Water Source: Public
View Type: Ocean
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: None
Features-MultiFamily: Laundry Facility
Supplements
2BR/1BA units, each with bright natural light, beautifully renovated kitchens, and upscale finishes like granite, quartz, and tile. Building 2 has a spacious 4BR/3BA unit above a 1BR/1BA unit, providing versatility for long-term or short-term rental options.
Designed for low-maintenance, high-yield investment, the property includes monitor & electric heating, on-demand propane hot water, separate electric meters, and a coin-op laundry for added revenue. With private entrances for each unit and an unbeatable downtown location, this high-demand rental property generates consistent cash flow, making it a smart addition to any portfolio.
Opportunities like this don't last longschedule your private tour today and start maximizing your investment!
Tax 
IDX
Listing Office: Coastal Keller Williams Realty Alaska Group
Last Updated: May - 27 - 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.