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.
Property Type(s):
Multi Family
|
Last Updated |
10/6/2026 |
Year Built |
1971 |
|---|
|
Community |
3C - Fairbanks North Star Borough |
County |
Fairbanks North Star Borough |
|---|
SCHOOLS
| Elementary School | Joy |
|---|
| Jr. High School | Ryan |
|---|
| High School | West Valley |
|---|
Price History
|
Prior to Oct 6, '26 | $599,900 |
|---|
| Oct 6, '26 - Today | $549,900 |
|---|
Additional Details
| AREA | 3C - Fairbanks North Star Borough |
|---|
| CONSTRUCTION | Frame, Wood Siding |
|---|
| HEAT | Baseboard |
|---|
| LOT | 8712 sq ft |
|---|
| LOT DESCRIPTION | Level |
|---|
| LOT DIMENSIONS | 8784.0 |
|---|
| SEWER | Public Sewer |
|---|
| TAXES | 5452.46 |
|---|
| WATER | Public |
|---|
Listing Office: Alaska Life Realty
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than Petersburg Properties LLC are marked with either the listing brokerage’s logo or the AK MLS logo and information about them includes the name of the listing brokerage
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This IDX solution is (c) Diverse Solutions 2026.
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