508 & 506 Madison Street, Seward, AK 99664 (MLS# 26-638)
$390,000
Seward, AK 99664
MLS# 26-638
4 beds | 2 baths | 1200 sqft
1 / 52
Property Description
Rare opportunity to purchase two homes on two individual lots. Each home features 2 bedrooms, 1 bathroom, and approximately 600 square feet. Lots measure approximately 30' x 100' each. Both homes are currently tenant occupied, generating $1,135 per month per unit plus utilities, for a total of $2,270/month in gross income.
Details
Maps
Documents
Contract Info
Price-List: 390000
Date-Listing: 2026-01-23
Status: Active
Foreclosure/Bank Own: No
Location Tax and Legal
Area: 365 - Seward - Cooper Landing
Street #: 508 & 506
Street Name: Madison
Arterial: Street
Closest USPS Town: Seward
State: AK
Zip Code: 99664
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Beds: 4
Bathrooms Three Quarter: 1
Bathrooms Full: 1
Bathrooms Total: 2
Bldgs-Ttl #: 2
Year Built: 1948
SF-Res: 1200
Number of Units: 2
SF-Lot: 6098.4
Acres: 0.14
Prkg Spcs: 4
Lot Area Source: Tax Authority
Zoning: UR - Urban Residential
Directions and Remarks
Directions: From Seward Hwy heading south, turn left on Madison St. Property is on the left, directly across the street from the post office.
Mortgage Info
EM Minimum Deposit: 4000
Unit #1
Bath-Three Qtr: 1
Bedroom: 2
Kitchen: 1
Living Room: 1
Parking Spaces: 2
Unit #2
Bath-Three Qtr: 1
Bedroom: 2
Kitchen: 1
Living Room: 1
Parking Spaces: 2
Property Features
Multi-Family Type: Duplex; Side by Side
Exterior Finish: Unknown - BTV
Roof Type: Metal
Foundation Type: Unknown - BTV
Garage Type: Other-See Remarks
Carport Type: None
Heating: Kerosene; Oil
Sewer-Type: Public Sewer
Water Source: Public
Access Type: Gravel; Paved; Maintained
View Type: Bay; Glacier; Mountains; Ocean
Topography: Level; Sloping
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: Bay; Ocean
Features-MultiFamily: In City Limits; Smoke Detector(s); Washer/Dryer; RV Parking
Flooring: Carpet; Laminate
Docs Avl for Review: As-Built; Docs Posted on MLS; Lease; Prop Discl Available
Listing Terms Financing: Cash; Conventional
Supplements
Current leases are in place through May 31, 2026.
Located in the Urban Residential zoning district, which allows a variety of residential uses and provides future development flexibility. This is an excellent opportunity for investors, buyers seeking multiple rental units, or those looking to secure side-by-side properties with long-term potential. Buyer to verify all information to their satisfaction.
Property includes garage/storage sheds currently used for storage. These structures are nonconforming to current city code and may be required to be removed if modifications are made to any of the existing structures. Buyer to verify with the City of Seward.
Please review marketing package under the documents tab for more information!
Property Disclosure 
Listing Office: Seward Properties
Last Updated: January - 27 - 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.