$499,000

1227 Black Bear Rd Unit 1229 Ketchikan, AK 99901

Estimated payment $3,045/month

Total Views 7,131
6 Beds
2 Baths
2,400 Sq Ft
$208 Price per Sq Ft

About This Home

Welcome to a unique investment opportunity on Black Bear Road--an up/down duplex situated on a rare double city lot totaling over 10,000 square feet. With its expansive footprint and corner-lot positioning, this property offers an exceptional combination of living space, rental income, storage, and off-street parking--all in a highly desirable location.Each of the two units spans approximately 1,200 square feet. The upper unit features 3 bedrooms, 1.5 baths, and a bright living room that opens onto a large 12' x 24' deckperfect for enjoying Ketchikan's long summer evenings. It's heated with a reliable Toyo oil stove and includes an in-unit washer and dryer.
The lower unit offers 2 bedrooms and 1.5 baths, with its own washer and dryer and a covered deck just off the kitchen and dining areaproviding a cozy outdoor retreat rain or shine. Both units have a strong rental history and are currently occupied by dependable tenants, making this property a solid income generator from day one.
Recent updates make this home even more appealing: the roof, siding, windows, and exterior doors have all been recently replaced, enhancing the property's curb appeal, energy efficiency, and long-term durability.
What truly sets this property apart is the lot itself. With over 10,000 square feet, you'll have room to spare for parking, boats, or ATVs. Two off-street parking spaces sit in front of the home, with even more space along the side yardideal for tenants or owners with gear to store.
A 16' x 24' detached metal building adds incredible value, with a 10' wide by 8' tall overhead door that accommodates large trucks or offers secure indoor storage for your boat or workspace needs.
And the location? Just a short walk to the Ketchikan Recreation Center and community pool, and within walking distance of downtown, shops, and services. Whether you're looking for an investment property or a flexible live/rent opportunity, this Black Bear Road duplex checks all the boxes for value, convenience, and potential.

Listing Agent

Mike Elerding

Coastal Keller Williams Realty Alaska Group License #17477 Listed on: 06/26/2025

Coastal Keller Williams Realty Alaska Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,400

Year Built

  • Built in 1983

Parking

  • 2 Car Garage

Home Design

  • 2,400 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Schools

  • Houghtaling Elementary School
  • Schoenbar Middle School
  • Ketchikan High School

Additional Features

  • 10,454 Sq Ft Lot
  • Baseboard Heating

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Gross Income $40,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,400

Year Built

Built in 1983

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.24
  • Directions: In Bear Valley close to the pool
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Duplex
  • Year Built: 1983
  • Special Features: None

Interior Features

  • Number Of Buildings: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Living Area: 2400

Exterior Features

  • View: No
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Foundation Details: Concrete Perimeter
  • Property Condition: Existing Structure

Garage/Parking

  • Covered Parking Spaces: 2
  • Garaged Spaces: 2
  • Total Parking Spaces: 4

Utilities

  • Heating: Baseboard, Floor Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: Houghtaling
  • High School: Ketchikan
  • Middle Or Junior School: Schoenbar

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 10454.4
  • Mobile Dim Units: Feet
  • Zoning Description: Medium Density Residential
  • Zoning: RM

Green Features

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 40800

Tax Info

  • Tax Annual Amount: 3400
  • Tax Map Number: N/A
  • Tax Year: 2025

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,504 $306,000 $81,900 $224,100
2024 $3,331 $293,500 $77,500 $216,000
2023 $3,184 $269,800 $67,700 $202,100
2022 $3,079 $260,900 $67,700 $193,200
2021 $2,994 $253,700 $67,700 $186,000
2020 $2,920 $251,700 $67,700 $184,000
2019 $2,876 $247,900 $67,700 $180,200
2018 $2,834 $244,300 $67,700 $176,600
2017 $2,752 $235,200 $0 $0
2016 $2,794 $238,800 $0 $0
2015 -- $233,700 $0 $0
2014 -- $233,700 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2025 06/26/25 For Sale $499,000 -- $208 / Sq Ft
Source: Alaska Multiple Listing Service

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $143,833 Commercial
Closed $40,000 Credit Line Revolving
Closed $66,563 Unknown
Closed $202,000 New Conventional
Closed $207,000 Purchase Money Mortgage
Previous Owner $198,000 No Value Available
Source: Public Records

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Source: Alaska Multiple Listing Service

MLS Number: 25-7983

Alaska Multiple Listing Service

APN: 01-1314-002700