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622 11TH AVENUE

Fairbanks, AK 99701
  • $5,500,000
  • STATUS: Active
  • MLS #: 156741
UPDATED: 59 min ago
$5,500,000
  • 62
    BEDS
  • 0.7
    ACRES
  • 48
    BATHS
  • 0
    1/2 BATHS
  • 26,000
    SQFT
  • $212
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1972

School Information

Elementary School:
Middle School:
High School:

Description

This outstanding multi-unit property in the heart of Fairbanks presents a prime investment opportunity with strong cash flow potential. Featuring 34 units across 4 well-maintained buildings, this property offers a desirable mix of 3-bedroom and 1-bedroom units that are always in high demand due to its unbeatable location. This property offers a rare chance to secure a fully operational investment with minimal effort required. With nearly all units updated and a history of low vacancy, it's the perfect fit for an investor seeking a reliable and profitable asset in Fairbanks thriving rental market.

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IDX information © 2025 Greater Fairbanks Board of Realtors Multiple Listing Service.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not guaranteed accurate by the MLS or Summit Realty Group.
www.fairbanksalaskahome.com/homes/159640191
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622 11TH AVENUE Fairbanks, AK 99701

  • Price: $5,500,000
  • Status: Active
  • On Site: Days
  • Updated: 59 min ago
  • MLS #: 156741
62
Beds
48
Baths
0
½ Baths
0.7
Acres
26,000
SQFT
$212
$/SQFT
1972
Built
Neighborhood:
Fairbanks Townsite
Area:
North Fairbanks
Elementary School:
Denali
Middle School:
Ryan
High School:
Lathrop
Property Description
This outstanding multi-unit property in the heart of Fairbanks presents a prime investment opportunity with strong cash flow potential. Featuring 34 units across 4 well-maintained buildings, this property offers a desirable mix of 3-bedroom and 1-bedroom units that are always in high demand due to its unbeatable location. This property offers a rare chance to secure a fully operational investment with minimal effort required. With nearly all units updated and a history of low vacancy, it's the perfect fit for an investor seeking a reliable and profitable asset in Fairbanks thriving rental market.
Exterior Features

Construction 2x4 Exterior Features Cable TVDeck/PatioLawnTelephone Service Exterior Finish CedarConcrete Foundation Other/See Remarks Garage Capacity Per Unit 0 Garage Type Other/See Remarks Parking Spaces 32 Road Access Maintained Roof FlatMembrane

Interior Features

Appliances Range/OvenRefrigerator Basement DaylightFinishedFull Size Bedrooms Per Unit Three Configuration Apartment Style Heating Hot Water Baseboard Interior Features Laminate Floors

Property Features

Address2 632 11th Ave635 & 639 10th Ave Age 20 + yrs. Assessments YN Unknown Fire Service Public For Sale Or Rent For Sale Fuel Source Steam/District Heat Hoa Dues Monthly n/a Lot 4567 Multifamily Type OTHER/SEE REMARKS Possession Recording Reo YN No Road Service Public Short Sale YN No Taxes See FNSB Terms Cash/Refinance Units Efficiency See remarks Units Four Bedroom n/a Units One Bedroom 22 Units Three Bedroom 14 Units Two Bedroom n/a Water Public Zoning General Commercial District Zoning Overlay n/a

Listing provided by WALDEN HOME GROUP: 907-452-3000.
IDX information © 2025 Greater Fairbanks Board of Realtors Multiple Listing Service.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not guaranteed accurate by the MLS or Summit Realty Group.
 
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Summit Realty Group
411 4th Avenue
Fairbanks AK, 99701