New Listing
Description
See more for additional full detailed remarks on this 11 plex. Great investment opportunity on this 11 plex located in downtown Fairbanks, needs some work but a little sweat equity will go a long way with the potential for high yields. Seller just got done installing a brand new $100,000 roof on (9-1-2026), heating upgrades and a fully remodeled unit. Out of the 11 units there are currently only 6 rented that bring in $5325.00 per month. out of the 4 studio units, 3 are already gutted and the 4th needs gutted. the one remaining 1 bedroom is ready to be put back together with doors and cabinets and tub on site. There are also 2 extra rooms in the basement that are not included in the 11 units. Show your creative side and turn this apartment building into a downtown investment property for the long term. At its current list price that is putting the property at just under $88.00 a sq/ft. What a Deal.
Details
| MLS # | 26-12331 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1971 |
| Days On Site | 3 |
| Listing Provided By | Alaska Life Realty | Rich Harter |
Features
| Bed(s) | 11 |
|---|---|
| Bath(s) | 11 Total |
| SQ Feet | 6,874 |
| Units | 11 |
| Building(s) | 1 |
| Zoning | MF - Multiple Family Residential |
| Acreage | 0.20 |
Interior
| Heating | Baseboard |
|---|---|
| Heating Yes / No | Yes |
Exterior
| Roof | Membrane, Rubber |
|---|---|
| Lot Features | Level |
| Construction Materials | Wood Frame - 2x6 |
| Foundation Details | Block |
| Exterior Sp Finish Co Exterior Sp Finish | Wood |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Road Surface Type | Paved, Maintained |
|---|---|
| Frontage Type | None |
Taxes
| Tax Annual Amount | 5452.46 |
|---|---|
| Tax Year | 2026 |
| Tax Map Number | N/A |
| Tax Legal Description | Fairbanks Townsite L3 B116 |
Area Information
| State | AK |
|---|---|
| City | Fairbanks |
| Zip Code | 99701 |
| Area | 3C Fairbanks North Star Borough |
| Subarea | North Fairbanks |
| School District | West Valley |
| Elementary School | Joy |
| High School | West Valley |
| Listing VS Median (in 99701) | |
Price: $599,900 low | high Med: $450,000 sqft: 6,874 low | high Med: 7,000 $ / sqft: $87 low | high Med: $64 On site: 3 low | high Med: 97 | |
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Learn More About This Property
| State | AK |
|---|---|
| City | Fairbanks |
| Zip Code | 99701 |
| Area | 3C Fairbanks North Star Borough |
| Subarea | North Fairbanks |
| School District | West Valley |
| Elementary School | Joy |
| High School | West Valley |
| Listing VS Median (in 99701) | |
Price: $599,900 low | high Med: $450,000 sqft: 6,874 low | high Med: 7,000 $ / sqft: $87 low | high Med: $64 On site: 3 low | high Med: 97 | |