North Fairbanks Homes under $500,000

North Fairbanks Homes under $500,000

Welcome to North Fairbanks, Alaska, a hidden gem nestled in the heart of the Last Frontier! Known for its stunning natural beauty and vibrant community, this enchanting region offers a unique blend of outdoor adventure and urban convenience. With its breathtaking landscapes, including the majestic Auroral Borealis and the picturesque Chena River, North Fairbanks is a haven for nature enthusiasts and those seeking a peaceful retreat.

In North Fairbanks, you’ll find a diverse selection of homes under $500,000, making it an ideal destination for first-time buyers, families, or anyone looking to invest in a slice of Alaskan paradise. These homes often feature spacious layouts, modern amenities, and are surrounded by the region's stunning scenery. Imagine waking up to the serene sounds of nature, with the majestic backdrop of the Alaskan wilderness right outside your window.

The community in North Fairbanks is warm and welcoming, offering a rich tapestry of culture and activities. Residents enjoy access to local parks, hiking trails, and recreational facilities, providing endless opportunities for outdoor fun. The local schools are highly regarded, making this area a great choice for families looking to settle down.

Whether you’re drawn to the allure of the northern lights or the charm of a tight-knit community, North Fairbanks is a place where you can truly feel at home. Explore the affordable housing options available and discover the perfect property to start your Alaskan adventure today!

Newest North Fairbanks Homes under $500,000

207 Wickersham Street, Fairbanks
$325,000
3 Beds ⋅ 2 Baths ⋅ 161499 MLS
Located in the heart of downtown Fairbanks, 207 Wickersham Street offers a unique combination of location, character, and flexibility. Built in 1922, this 3-bedroom, 2-bath two-story home provides approximately 1,520 square feet and more than a century of Fairbanks history, with the kind of character and layout you simply do not find in newer construction. The interior is functional today while still leaving plenty of opportunity for the next owner to update finishes and make the home their own. Its downtown setting puts restaurants, shopping, services, and other local amenities within easy reach, creating a property that could work well as a primary residence, a second home, or an income-producing downtown property. The home also features a metal roof, vinyl windows, public water and sewer, paved access, a partial basement, and Central Business District zoning. Whether you’re looking for a home with history, a centrally located investment, or a property with multiple potential uses, 207 Wickersham Street offers a location and character that are difficult to replicate. Call today for more information!

207 Wickersham Street, Fairbanks
1020 Pedro Street, Fairbanks
$419,900
4 Beds ⋅ 2 Baths ⋅ 161498 MLS
1020 Pedro Street offers a lot of usable living space for the price in an established Fairbanks neighborhood. This 4-bedroom, 2-bath raised ranch provides approximately 2,766 square feet with a finished full-size basement, giving you flexibility for additional living space, a family room, home office, hobbies, or whatever fits your needs. The interior is ready for cosmetic updating, giving the next owner an opportunity to make the home their own; this is already reflected in the value at approximately $152 per square foot. Hardwood floors add character, while hot-water baseboard heat, public water, and public sewer keep the everyday setup practical. One of the more unique features is the enclosed solarium, which provides additional space to enjoy natural light throughout the year. The exterior was recently painted this year, and the lawn was hydroseeded this summer, giving the property a fresh start outside as well. The fully fenced backyard also offers garden space, a shed, and a deck/patio area to enjoy during the warmer months. An attached heated garage adds convenient covered parking and storage through the winter. If you’ve been looking for a Fairbanks home with four bedrooms, plenty of room to spread out, a finished basement, a unique solarium, and the opportunity to add your own updates without paying a fully renovated price, 1020 Pedro Street deserves a closer look. Call today for more information!

1020 Pedro Street, Fairbanks
133 Kantishna Way, Fairbanks
$269,000
3 Beds ⋅ 2 Baths ⋅ 161469 MLS
A great price for nearly 2400 square feet. This fun neighborhood is close to everything but still feels tucked away at the end of a culdesac and walking distance to the library, schools, parks, restaurants, and town center. The home features three generously sized bedrooms, a beautifully remodeled bathroom, updated kitchen, a bonus room perfect for a home studio or gym, and a large living room space. The unique multi-level allows for so much design freedom and privacy. Don’t miss this charming home!

133 Kantishna Way, Fairbanks
1040 Kellum Street, Fairbanks
$364,900
2 Beds ⋅ 2 Baths ⋅ 161432 MLS
Welcome to this 1,886 sq. ft. home offering 2 bedrooms, 2 bathrooms, and a spacious 2-car garage. The open-concept floor plan creates a comfortable flow throughout the home, highlighted by a generously sized living room that provides plenty of space for relaxing and entertaining. Enjoy the privacy and outdoor space of the nice backyard, perfect for gatherings, gardening, or simply enjoying the outdoors. Conveniently located near schools, shopping, restaurants, and everyday amenities, this home offers a great combination of comfortable living and convenient location. A wonderful opportunity to make this well-sized home your own!

1040 Kellum Street, Fairbanks
1219/1221 Ninth Avenue, Fairbanks
$205,000
4 Beds ⋅ 2 Baths ⋅ 161427 MLS
Tons of potential! Side-by-side duplex each unit is a two bed one bath and there is an additional 850 square-foot basement not included in the square footage. This. Has newer windows and a huge fenced backyard. Electricity is off, home has been winterized, Hope may or may not hold pressure. Seller was in the process of switching over to natural gas. It will need a new boiler.

1219/1221 Ninth Avenue, Fairbanks
1187 Kodiak Street, Fairbanks
$475,000
5 Beds ⋅ 3 Baths ⋅ 161426 MLS
Welcome home to this beautifully remodeled property located in a great, highly desirable neighborhood. Offering 5 bedrooms and 3 bathrooms, this spacious home combines modern updates with comfortable living and plenty of room to spread out. The open-concept main living area creates a welcoming space for entertaining and everyday living, while the full basement provides additional living space with 2 bedrooms, full bath and family room and office area. Step outside to enjoy beautifully landscaped yard, mature perennial flowers, and a wonderful deck. A shop adds valuable workspace and storage for hobbies, projects, or outdoor equipment. With its extensive remodeling, desirable location, spacious floorplan, outdoor living spaces, and beautiful landscaping, this home is a wonderful opportunity to enjoy comfort, style, and functionally all in one place.

1187 Kodiak Street, Fairbanks
1507 Evergreen Street, Fairbanks
$399,900
3 Beds ⋅ 2 Baths ⋅ 161380 MLS
Charming log-construction over/under duplex offering warmth, character, and flexible living space. The upper level (1BR/1BA) offers a primary bedroom with an ensuite bathroom featuring a double vanity and jetted tub, plus an open-concept living area with a dining space, breakfast bar, and built-in wood fireplace. Perfect for everyday living or entertaining. Downstairs offers comfortable, private living space with 2 bedrooms and 1 bathroom featuring a double vanity. Enjoy the durability of a metal roof, the peace of mind of a recently installed furnace, and the convenience of an attached, heated 2-car garage. Currently operating as a successful Airbnb, it can be sold furnished for a move-in-ready opportunity. A rare blend of authentic Alaska charm and everyday comfort. Live in one unit while renting the other, or continue its proven track record as a successful short-term rental.

1507 Evergreen Street, Fairbanks
1608 Carr Avenue, Fairbanks
$184,900
2 Beds ⋅ 1 Baths ⋅ 161337 MLS
Welcome to 1608 Carr Avenue! Conveniently located in town and close to shopping, dining, schools, and everyday amenities, this home offers a great opportunity to make a space your own. Situated on a double lot, the property features two bedrooms plus a versatile bonus room that could be used as a home office, hobby room, or additional flex space. A new roof was installed in 2021, and the home has just been professionally cleaned. The property does need some love, but offers plenty of potential for a buyer ready to bring their ideas and personal touches to life. Properties at this price point can be hard to come by, especially with the added space of a double lot, don't miss the opportunity to make this one your own! Property is being sold as-is at this price.

1608 Carr Avenue, Fairbanks
943 Gilmore Street, Fairbanks
$315,000
3 Beds ⋅ 2 Baths ⋅ 161319 MLS
Conveniently located in the heart of Fairbanks, this 3-bedroom, 2-bath home offers a spacious, well-manicured yard consisting of 2 lots, filled with established raspberries, mature shrubbery, and lots of room to park your Alaskan toys. The 2 car garage also offers plenty of parking options. Tucked along Gilmore Street near the Chena River and just minutes from downtown, shopping, dining, and recreation, the location makes getting around town a breeze. The home has also seen several important improvements within the last 45 days, including recent roof repairs and a sewer line that has been professionally sleeved by EcoDrain. With a great in-town location, a beautiful established yard, and recent updates already completed, this home is ready for its next owner!

943 Gilmore Street, Fairbanks
3153 Francis Street, Fairbanks
$265,000
3 Beds ⋅ 1 Baths ⋅ 161298 MLS
Location, character and opportunity come together at 3153 Francis Street! Conveniently located just minutes from UAF, College Road, shopping, restaurants and other Fairbanks amenities, this 3-bedroom home offers a versatile layout with an additional upstairs bonus room—perfect for a home office, hobby room, guest space or additional living area. The current owners have invested considerable time and money into improving the property, completing numerous updates throughout the home including work to major systems, newer flooring, bedroom windows, water heater, kitchen and bath improvements, interior and exterior paint, and more. After tackling an extensive list of improvements, the sellers are ready to pass the torch to the next owner and have priced the home accordingly. The property is being sold AS-IS; sellers will not make repairs or negotiate repair requests. Outside, you'll find a large deck and seating area, fenced yard, garden space and additional workshop/storage space, giving you plenty of room to enjoy those long Fairbanks summer evenings, tackle projects, garden or simply relax at home. The sellers have also completed a pre-listing engineering inspection, and the report along with repair and improvement documentation is available for buyer review. For additional peace of mind, the home includes a transferable Select Home Warranty with coverage currently in place through December 16, 2027. If you're looking for a Fairbanks home near UAF where much of the heavy lifting has already been done—but there's still room to add your own finishing touches—3153 Francis Street deserves a look. Bring your ideas, see the potential, and make it yours!

3153 Francis Street, Fairbanks
1812 Central Avenue, Fairbanks
$379,900
3 Beds ⋅ 1 Baths ⋅ 161282 MLS
Quiet, private, and newly renovated, this home sits on a large lot right in town. Over the past 15 months, it has undergone some major upgrades, including new windows and a new roof, furred-out walls, a new kitchen, updated wiring, and a facelift for BOTH yards. Situated on one of the largest lots in the Aurora Subdivision, the mature trees and shrubbery make it feel like a private little oasis right in the heart of town. Not included in the listed square footage is the 1,500-square-foot basement, offering plenty of additional space. The 300-square-foot addition to the garage is unheated but does receive residual heat from the heated portion of the garage.

1812 Central Avenue, Fairbanks
1228 Denali Way, Fairbanks
$179,900
3 Beds ⋅ 2 Baths ⋅ 161280 MLS
Tucked away in the heart of Fairbanks 1228 Denali Way has something to offer everyone, whether you are a first time home buyer, investor, seasoned home owner or just looking to downsize. Centrally located, this home is within walking distance to schools, parks, walking paths, stores and entertainment. Walking up to the home, the log finish gives you the Alaskan cabin feel while maintaining all the amenities including City water and sewer. Walking into the home you are greeted by an open living room and kitchen area. Hardwood floors, large windows and beautiful tongue and groove ceiling make the space extra cozy. The updated kitchen makes fantastic use of the space with open shelving and roll out pantry drawers. The butcher block counter tops, farm house sink and dishwasher help elevate the aesthetic. Off of this area is a small hallway with two bedrooms. To the left is the primary bedroom with a sliding glass door to access the oversized deck AND yard. The two lots give you extra yard space and the partially wrap around deck let you enjoy it in a multitude of ways. Down the hall from the primary bedroom is a full bathroom and additional guest room. There is a ladder with access to a loft, this area is perfect for storage, a play area or, whatever else you can think of! Heading downstairs is where the possibilities heighten! With a separate entrance this space has historically been used as a rental. It is currently set up as such but could easily be used as additional living space and a 3rd bedroom for a larger family because there is access from inside the home as well. Overall, the character this house has is undeniable. With a little bit of tlc, you could improve the value and have a wonderful place to call home. Schedule a showing today.

1228 Denali Way, Fairbanks
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