1254-1256 Water Street, 1250, Ketchikan, AK 99901

$769,000
Property Type: Multi-Family Bedrooms: 5 Baths: 6 Square Footage: 3,206 Lot Size (sq. ft.): 4,043 Status: Active
Current Price: $769,000 Last Modified: 11/06/2025

Description

Don't miss out on this incredible multi-family opportunity! This property features three thoughtfully designed units: two spacious 2-bedroom, 2-bathroom units, one cozy 1-bedroom, 1-bathroom unit, and a generously sized unfinished space brimming with potential.

Supplements: All units are separately metered, offering ease and independence for tenants. Located within walking distance to downtown Ketchikan on the historic Water Street, this property provides stunning views from every unit, making it an exceptional choice for both vacationers and long-term residents alike. The upper 2-bedroom, 2-bathroom unit offers a private parking deck off Sayles Street, complete with a private entrance, a large laundry/mudroom, and an open-concept living area that seamlessly connects to a walk-out deck showcasing breathtaking panoramic views. The middle 2-bedroom, 2-bathroom unit also boasts a separate entrance, stunning views from its own deck, a spacious open living area, and a private laundry/mudroom. The lower level features a separately metered unfinished space with one bathroom, offering endless possibilities to transform it into something truly special. Next-door, the one-bedroom, one-bathroom unit includes a carport beneath and a private deck, making it a perfect retreat. With a history as both a successful vacation rental and long-term rental, this property offers both comfort and incredible investment potential in a prime location.

More Information MLS# 25-1610

Contract Info

Price-List: 769000 Date-Listing: 2025-02-18 Status: Active Foreclosure/Bank Own: No

Location Tax and Legal

Area: 565 - Ketchikan Gateway Borough - All Street #: 1254-1256 Street Name: Water Arterial: Street Street Addl Info: 1250 Closest USPS Town: Ketchikan State: AK Zip Code: 99901

Property Info

Realtor.com Type: Multi-Family Construction Status: Existing Structure Beds: 5 Bathrooms Full: 6 Bathrooms Total: 6 Bldgs-Ttl #: 2 Year Built: 2011 SF-Res: 3206 Number of Units: 3 SF-Lot: 4043 Acres: 0.09 Carport Spaces: 1 Prkg Spcs: 3 Lot Area Source: Tax Authority Zoning: RM - Medium Density Residential

Directions and Remarks

Directions: Parking on Water Street for lower 2 units. Parking on Sayles for upper unit.

Building Info

Builder Name & Co: Jeff Updike Units-# of 1 BR: 1 Units- # of 2 BR: 2

Unit #1

Bath - Full: 2 Bedroom: 2 Dining Room: 1 Kitchen: 1 Living Room: 1 Utility Room: 1 Parking Spaces: 1

Unit #2

Bath - Full: 2 Bedroom: 2 Dining Room: 1 Kitchen: 1 Living Room: 1 Utility Room: 1 Parking Spaces: 1

Unit #3

Bath - Full: 1 Bedroom: 1 Kitchen: 1 Living Room: 1 Carport: 1

Property Features

Multi-Family Type: Triplex; Other - See Remarks Roof Type: Composition; Metal; Shingle Foundation Type: Post on Pad; Poured Concrete; Unknown - BTV Construction Type: Wood Frame Garage Type: None Carport Type: Attached; Tuck Under Heating: Baseboard; Electric; Propane; Separate Meters; Other Sewer-Type: Public Sewer Water Source: Public View Type: Mountains; Ocean Wtrfrnt-Frontage: None Wtrfrnt-Access Near: Ocean Features-MultiFamily: In City Limits; Smoke Detector(s); Washer/Dryer Flooring: Laminate; Luxury Vinyl; Tile Docs Avl for Review: As-Built
Listing Office: Coastal Realty, Alaska Group
Last Updated: November - 06 - 2025
1254-1256 Water Street, 1250, Ketchikan, AK 99901- MLS# 25-1610
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