2503 Cedar Street, Seward, AK 99664

$765,000
Property Type: Multi-Family Bedrooms: 6 Baths: 6 Square Footage: 3,653 Lot Size (sq. ft.): 34,412 Status: Closed
Current Price: $765,000 Last Modified: 11/07/2025

Description

Gorgeous & Spacious Multi-Unit Property with Income Potential! Located on a large corner lot, this well-maintained three-unit property offers flexibility, comfort, and opportunity. With a history of long-term tenants, executive housing, and use as an owner-occupied B&B, there are a variety of possibilities. An attached 3-bay garage and detached 1-car garage offer even more storage options...

Supplements: Unit 1: 3 bed/1 bath - 1647sf Unit 2: 1 bed/1.5 bath (can be connected to Unit 1) - 918sf Unit 3 (above garage): 2 bed/2 bath - 1088sf The main home features 3 bedrooms, 1 full bathroom, and large kitchen and living space. It connects to the 1-bedroom, 1-bath unit, making it ideal for a large primary suite, guest quarters, or kept separate for long-term rental or B&B rental if occupying main house. New heat pumps have been installed in the 1-bed unit and bedrooms of the 3-bed unit for efficient heating and cooling. Above the attached three-bay garage is a bright 2-bedroom, 2-bath apartment. Each bedroom has its own en suite full bathroom connecting to the bedroom. This upper-level unit enjoys natural light and has potential for a private deck overlooking the fenced backyard. Large attached garage includes washer and dryer, utility sink, and 3/4 bathroom with shower, toilet, and sink. Another finished back room in the garage is perfect for a hobby room, office, or storage. A second, detached 1-car garage sits on the South end of the property for even more storage. Toilet in detached garage, but has not been used during ownership and may not function. Two large driveways allow for plenty of parking. This large property has a variety of options for living in one unit and renting the others out, or keeping all 3 for rental income. All units have had updated market rents for current month-to-month tenants making a stronger investment property or flexible owner-occupant opportunity.

More Information MLS# 25-6456

Contract Info

Price-List: 765000 Date-Listing: 2025-05-30 Status: Closed Foreclosure/Bank Own: No

Sold Info

Date-Pending: 2025-08-25 Date-Closing: 2025-11-07

Location Tax and Legal

Area: 365 - Seward - Cooper Landing Street #: 2503 Street Name: Cedar Arterial: Street Closest USPS Town: Seward State: AK Zip Code: 99664

Property Info

Realtor.com Type: Multi-Family Construction Status: Existing Structure Beds: 6 Bathrooms Half: 1 Bathrooms Three Quarter: 1 Bathrooms Full: 4 Bathrooms Total: 6 Bldgs-Ttl #: 1 Year Built: 1955 Year Remodeled: 2008 Year Updated: 2019 SF-Res: 3653 Number of Units: 3 SF-Lot: 34412.4 Acres: 0.79 Garage Spaces: 4 Prkg Spcs: 10 Lot Area Source: Tax Authority Energy Rating: 4+ Zoning: RR - Rural Residential

Directions and Remarks

Directions: From Seward Hwy. driving North, turn LEFT onto Hemlock Ave., turn RIGHT onto Dimond Blvd., take a slight LEFT onto Ash St., turn RIGHT onto Cedar St. 2503 Cedar is the first home on the Left.

Green Verification

Body: AHFC Metric: 84.3 Rating: 4 Star Plus Source: Arctic Energy Systems Type: Post Improvement AkWarm Rating Version: v2.0.6.1 (Library 09/05/2009)

Building Info

Units-# of 1 BR: 1 Units- # of 2 BR: 1 Units-# of 3 BR: 1

Property Features

Multi-Family Type: Side by Side; Triplex Exterior Finish: Vinyl Roof Type: Metal Foundation Type: Block; Poured Concrete Construction Type: Block; Wood Frame - 2x6 Garage Type: Attached Carport Type: None Heating: Baseboard; Oil; Radiant Floor; See Remarks Sewer-Type: Public Sewer Water Source: Public Access Type: Gravel; Paved; Maintained View Type: Mountains; Partial Topography: Level Wtrfrnt-Frontage: None Wtrfrnt-Access Near: None Features-MultiFamily: CO Detector(s); DSL-Cable Available; In City Limits; Shed; Smoke Detector(s); Vaulted Ceiling(s); Washer/Dryer; Washer/Dryer HkUp; RV Parking Flooring: Carpet; Hardwood; Laminate; Ceramic Docs Avl for Review: As-Built; Docs Posted on MLS; Prop Discl Available Listing Terms Financing: AHFC; Cash; Conventional; FHA; VA Loan
Listing Office: Seward Properties
Last Updated: November - 07 - 2025
2503 Cedar Street, Seward, AK 99664- MLS# 25-6456
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.