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: Closed
Current Price: $1,460,000 Last Modified: 6/06/2026

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

Price-List: 1460000 Date-Listing: 2025-12-02 Status: Closed Foreclosure/Bank Own: No

Sold Info

Date-Pending: 2026-04-18 Date-Closing: 2026-06-05

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 Info

Realtor.com Type: Multi-Family Construction Status: Existing Structure Beds: 8 Bathrooms Half: 1 Bathrooms Full: 4 Bathrooms Total: 5 Bldgs-Ttl #: 2 Year Built: 1975 SF-Res: 4938 Number of Units: 4 SF-Lot: 86957 Acres: 2 Garage Spaces: 3 Prkg Spcs: 12 Lot Area Source: Tax Authority Zoning: IH - Heavy Industrial

Directions and Remarks

Directions: 5 miles north of downtown just past the car wash

Building Info

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

Waterfront Details

Waterfront Name: Tongass Narrows

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 Realty, Alaska Group
Last Updated: June - 06 - 2026
5581 N Tongass Highway, Ketchikan, AK 99901- MLS# 25-14549
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