Seward, AK 99664,508 & 506 Madison ST
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Seward, AK 99664,508 & 506 Madison ST
Seward, AK 99664,508 & 506 Madison ST
Seward, AK 99664,508 & 506 Madison ST
Seward, AK 99664,508 & 506 Madison ST
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$ 390,000
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508 & 506 Madison ST Seward, AK 99664

4 Beds

2 Baths

1,200 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 1,200 sqft

Price per Sqft $325

MLS Listing ID 26-638

Bedrooms 4

Full Baths 1

Three Quarter Bath 1

Construction Status Existing Structure

Year Built 1948

Lot Size 6,098 Sqft

Acres 0.14

Source Alaska Multiple Listing Service

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. Current leases are in place through May 31, 2026.

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.

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.

Please review marketing package under the documents tab for more information!

Location

State AK

Area 365 - Seward - Cooper Landing

Zoning UR - Urban Residential

Direction From Seward Hwy heading south, turn left on Madison St. Property is on the left, directly across the street from the post office.

Interior

Heating Kerosene, Oil

Flooring Carpet

Exterior

Parking Features Other-See Remarks

View Bay, Glacier, Mountains, Ocean

Roof Type Metal

Topography Level,Sloping

Building

Lot Description Level, Sloping

Lot Size Range 0.14

Sewer Public Sewer

New Construction No

Construction Status Existing Structure

Schools

Elementary Schools Seward

Middle Schools Seward

High Schools Seward

Others

Tax ID 14816027 & 14816026

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional


Alaska MLS
Listed by Seward Properties
Robyn Long

Robyn Long

Associate Broker/Co-Owner/CEO | License ID: RECB18112

+1(907) 723-8847

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508 & 506 Madison ST