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508 & 506 Madison Street, 
Seward, AK 99664

$390,000

Last List Price

4

Beds


2

Baths


1,200

Sq Ft


Multi-Family

Sold

Listed by

Annie H Johnson

Bought with Jack White Real Estate

Seward Properties

907-312-7660

MLS#

26-638

Source:

AK AMLS

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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

2 Baths

4 Bedrooms

Built in 1948

Price Summary

390,000

$325 per Sq. Ft.

MLS #:

26-638

Sold:

May 28, 2026


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

2

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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