634/638 Grant Street, Ketchikan, AK 99901

$995,000
Property Type: Multi-Family Bedrooms: 11 Baths: 7 Square Footage: 7,100 Lot Size (sq. ft.): 5,077 Status: Closed
Current Price: $995,000 Last Modified: 5/27/2025

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

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!

More Information MLS# 25-1167

Contract Info

Price-List: 995000 Date-Listing: 2025-02-06 Status: Closed Foreclosure/Bank Own: No

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 Info

Realtor.com Type: Multi-Family Construction Status: Existing Structure Beds: 11 Bathrooms Full: 7 Bathrooms Total: 7 Bldgs-Ttl #: 2 Year Built: 1940 SF-Res: 7100 Number of Units: 5 SF-Lot: 5077 Acres: 0.12 Lot Area Source: Tax Authority Zoning: RH - High Density Residential

Directions and Remarks

Directions: .

Property Features

Multi-Family Type: Side by Side; Up and Down; Multi Family 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
Listing Office: Coastal Realty, Alaska Group
Last Updated: May - 27 - 2025
634/638 Grant Street, Ketchikan, AK 99901- MLS# 25-1167
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.