5581 N Tongass Highway, Ketchikan, AK 99901 (MLS# 25-14549)

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: 2/20/2026

Overview

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 up ...

Listing Details MLS# 25-14549

Contract Info

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

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
Yes
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
Bathrooms Three Quarter
0
Carport Spaces
0

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

More Information

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

Multi-Family Type

Other - See Remarks
Yes

Exterior Finish

Wood
Yes
Other - See Remarks
Yes

Heating

Baseboard
Yes
Oil
Yes

Topography

Level
Yes

Roof Type

Metal
Yes

Foundation Type

Poured Concrete
Yes

View Type

Ocean
Yes

Wtrfrnt-Access Near

Ocean
Yes

Garage Type

Attached
Yes

Wtrfrnt-Frontage

Oceanfront
Yes

Flooring

Carpet
Yes
Linoleum
Yes

Sewer-Type

Septic Tank
Yes

Water Source

Cistern
Yes

Features-MultiFamily

Fixer-Upper
Yes
Washer/Dryer
Yes

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: February - 20 - 2026
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.

(907) 759-7433