1254-1256 Water Street, 1250, Ketchikan, AK 99901 (MLS# 25-1610)
$769,000
Ketchikan, AK 99901
MLS# 25-1610
5 beds | 6 baths | 3206 sqft

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Property 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.
Details
Maps
Documents
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: Tri-Plex; 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
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.
Listing Office: Coastal Keller Williams Realty Alaska Group
Last Updated: November - 06 - 2025

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.
Certificate of Occupancy & BEES
Electric Consumption