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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

Seward Properties

907-312-7660

Last updated:

February 11, 2026, 02:48 AM

MLS#

26-638

Source:

AK AMLS

About This Home

508 & 506 Madison Street

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 review marketing package under the documents tab for more information!

Home Facts

Multi-Family

3 Baths

4 Bedrooms

Built in 1948

Price Summary

390,000

$325 per Sq. Ft.

MLS #:

26-638

Last Updated:

February 11, 2026, 02:48 AM

Added:

24 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

1

Interior

Living Area:

1,200 Sq. Ft.


Structure

Structure

Building Area:

1,200 Sq. Ft.

Year Built:

1948


Lot

Lot Size (Sq. Ft):

6,098


Finances & Disclosures

Finances

Price:

$390,000

Price per Sq. Ft:

$325 per Sq. Ft.

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The listing content relating to real estate for sale on this website comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms are marked with either the listing brokerage's logo or 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. Listing content scraping by unauthorized personnel is strictly prohibited. Copyright © 2026 Alaska Multiple Listing Service, Inc. All Rights Reserved. Date Last Updated February 16, 2026

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.