For SaleRisky Deal80 days on market
8229 N Tongass Hwy
8229 N Tongass Hwy, Ketchikan, AK 99901, Ketchikan, AK 99901
$725,000
Estimate®:$696,500
Listing Price
8229 N Tongass Hwy, Ketchikan, AK 99901
Loc: Ketchikan, AK
Days Listed
80
Tax Assessed
$507k
Estimate®
$697k
Market Rate
Lot Size
0.35 acres
Rent Estimate
$2,309/mo
Est. Cash Flow base
Type
multi family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
5
Houghtaling Elementary School
PK-6
4.3 mi away
5
Schoenbar Middle School
7-8
6 mi away
6
Ketchikan High School
9-12
4.5 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
coastalmulti-levelwooden sidingmetal roofexterior staircasewraparound balconycovered parkingwaterfront viewsmountain backdropelevated deckrusticsuburbanwalkout basement
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
1.51%
Total ROI
-8.4%
Cash Flow
$-2,851/mo
DSCR
0.24
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-2,851/mo net cash flow with a 1.5% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Ketchikan, AK
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-23 | Price change | $725,000 | $205 |
| 2026-07-07 | Listed for sale | $745,000 | $211 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,485.52 | $494,400 |
| 2024 | $3,395.54 | $474,900 |
| 2023 | $3,344.76 | $440,100 |
| 2022 | $3,244.44 | $426,900 |
| 2021 | $0 | $414,000 |
| 2020 | $3,063.6 | $414,000 |
| 2019 | $3,011.06 | $406,900 |
| 2018 | $2,982.94 | $403,100 |
| 2017 | $0 | $391,700 |
| 2016 | $0 | $389,900 |
| 2015 | $0 | $372,600 |
| 2014 | $0 | $372,600 |
| 2013 | $0 | $382,300 |
| 2012 | $0 | $306,800 |
| 2011 | $0 | $306,800 |
| 2010 | $0 | $306,800 |
Similar Properties Nearby
Explore other investment opportunities in Ketchikan.