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Triplex with Multiple Decks
For Sale
$795,000

662 Lermo Drive, Ketchikan, AK 99901

Three separate living units include a main residence, a lower-level apartment, and a one-bedroom flat used for short-term stays.

Property Size15,080 SF
Lot Size0.33 Acres
Price / SF$52.72
Days on Market68

Property Features for 662 Lermo Drive

General Information

Standard status Active
Size 15,080 SF
Total Parking Spaces 2
Lot size 0.33 Acres
Property subtype Multi Family Home
Zoning Ketchikan-RL

Units

Unit Mix 1 x 3BR/2BA, 1 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units 3

Amenities

decks
outdoor sitting spaces

Building Details

Building Size 15,080 SF
Year Built 1993
Buildings 1
Listing Agency: Gateway City Realty, Inc.
Listed By: Bill Bolling
Source: Alaskaunlimitedrealty
Added: Aug 28 Changed: Nov 3 Last Checked: Nov 3 at 5:54AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gateway City Realty, Inc.

Rey
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Investment Insights

Based on property information with market context.

At 662 Lermo Drive in Ketchikan, this 1993 triplex has over 3,695 square feet of living space on a one-third-acre lot. The main residence offers three bedrooms, two bathrooms, an open living area, and upper and lower decks. A separate downstairs apartment has two bedrooms and two bathrooms, while a third unit is a one-bedroom, one-bathroom flat currently used as a short-term rental.

The property includes an attached two-car garage, a metal roof, and several outdoor sitting areas. Water and mountain views are noted, and the home is a two-minute walk from the ocean, near Refuge Cove State Park and Sunset Beach.

Key Highlights

  • Over 3,695 sq. ft. of living space on a one‑third acre lot
  • Three units: 3‑bedroom, 2‑bathroom main residence; 2‑bedroom, 2‑bathroom apartment; 1‑bedroom, 1‑bathroom flat
  • Third unit is currently used as a short‑term rental

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Demographics for 99901, AK

13,942
Population
6,659
Households
2.1
Avg Household Size
40
Median Age
27%
College-Educated
95%
High-School Grad
1,958.9 sq mi
ZIP Area
7
Density / Sq Mi
$89,155
Median Household Income
$49,493
Median Earnings
$1,388
Median Rent
$379,000
Median Home Value
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three separate living units include a main residence, a lower-level apartment, and a one-bedroom flat used for short-term stays.
Where is this triplex located?
The property is located at 662 Lermo Drive Ketchikan, AK.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Over 3,695 sq. ft. of living space on a one‑third acre lot; Three units: 3‑bedroom, 2‑bathroom main residence; 2‑bedroom, 2‑bathroom apartment; 1‑bedroom, 1‑bathroom flat; Third unit is currently used as a short‑term rental
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