5581 N Tongass Highway, Ketchikan, AK 99901

$1,460,000
Property Type: Multi-Family Bedrooms: 8 Baths: 5 Square Footage: 4,938 Lot Size (sq. ft.): 86,957 Status: Active
Current Price: $1,460,000 Last Modified: 12/08/2025

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

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.

More Information MLS# 25-14549

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
Listing Office: Coastal Keller Williams Realty Alaska Group
IDX
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.