508 & 506 Madison Street, Seward, AK 99664

Seward
Local realty services provided by:Better Homes and Gardens Real Estate Dream Makers
508 & 506 Madison Street,Seward, AK 99664
$390,000
  • 4 Beds
  • 3 Baths
  • 1,200 sq. ft.
  • Multi-family
  • Pending
Listed by: annie h johnson
Office: seward properties
MLS#:26-638
Source:AK_AMLS

Price summary

  • Price:$390,000
  • Price per sq. ft.:$325

About this home

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. 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...

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Home facts

  • Year built:1948
  • Listing ID #:26-638
  • Added:80 day(s) ago
  • Updated:April 14, 2026 at 08:36 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:3
  • Full bathrooms:1
  • Flooring:Carpet, Laminate
  • Living area:1,200 sq. ft.

Structure and exterior

  • Roof:Metal
  • Year built:1948
  • Building area:1,200 sq. ft.
  • Lot area:0.14 Acres
  • Lot Features:City Lot

Schools

  • High school:Seward
  • Middle school:Seward
  • Elementary school:Seward

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$390,000
  • Price per sq. ft.:$325

Features and amenities

  • Appliances:Washer/Dryer
  • Laundry features:Washer/Dryer

Parking

  • Parking description:RV Access/Parking
  • Garage:Yes
  • Carport spaces:1
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