Skip To Content

622 11TH AVENUE

Fairbanks, AK 99701
  • $5,200,000
  • STATUS: Active
  • MLS #: 158581
UPDATED: 50 min ago
$5,200,000
  • 0
    BEDS
  • 0.7
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 26,000
    SQFT
  • $200
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1972

School Ratings & Info

Description

Investment Opportunity in the Heart of Downtown Fairbanks! Dont miss this rare chance to own a 34-unit complex ideally located in the vibrant core of downtown Fairbanks. This property has been thoughtfully maintained with recent exterior upgrades, including new roofs, fresh paint, updated decks, and improved foundation flashing, ensuring long-term durability and appeal. With a proven track record of strong performance, these units offer high income generation with minimal expenses. Investors will appreciate the impressive cap rate of over 8%, making this an exceptional addition to any portfolio. Whether youre looking to expand your holdings or enter the Fairbanks market with a rock-solid investment, this property checks all the boxes. Bring your investors"opportunities like this dont last long!

Monthly Payment Calculator

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/167564504
Print Image

622 11TH AVENUE Fairbanks, AK 99701

  • Price: $5,200,000
  • Status: Active
  • On Site: Days
  • Updated: 50 min ago
  • MLS #: 158581
0
Beds
0
Baths
0
½ Baths
0.7
Acres
26,000
SQFT
$200
$/SQFT
1972
Built
Neighborhood:
Fairbanks Townsite
Area:
North Fairbanks
Property Description
Investment Opportunity in the Heart of Downtown Fairbanks! Dont miss this rare chance to own a 34-unit complex ideally located in the vibrant core of downtown Fairbanks. This property has been thoughtfully maintained with recent exterior upgrades, including new roofs, fresh paint, updated decks, and improved foundation flashing, ensuring long-term durability and appeal. With a proven track record of strong performance, these units offer high income generation with minimal expenses. Investors will appreciate the impressive cap rate of over 8%, making this an exceptional addition to any portfolio. Whether youre looking to expand your holdings or enter the Fairbanks market with a rock-solid investment, this property checks all the boxes. Bring your investors"opportunities like this dont last long!
Exterior Features

Construction Other/See Remarks Lot Size .51-.99 ac Parking Spaces 32

Interior Features

Approx Sq Ft Unit 0-500 Heating HOT WATER BASEBOARD Restrooms 48

Property Features

Address2 632 11th Ave635 & 639 10th Ave Business Type Other/See Remarks CCRs YN No Commercial Type OTHER/SEE REMARKS Fuel Source Steam/District Heat Possession Recording Rent Includes WaterHeatTrashInsuranceTaxesSnow RemovalLawn MaintenanceSewer Reo YN No Short Sale YN No Taxes See FNSB Terms Cash/Refinance Type Of Property Other/See Remarks Utilities Public WaterPublic Sewer 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.
 
https://bt-photos.global.ssl.fastly.net/fairbanks/orig_boomver_1_158581-2.jpg https://bt-photos.global.ssl.fastly.net/fairbanks/orig_boomver_1_158581-2.jpg https://bt-photos.global.ssl.fastly.net/fairbanks/orig_boomver_1_158581-2.jpg
Logo
Summit Realty Group
411 4th Avenue
Fairbanks AK, 99701