South West Fairbanks Homes under $500,000

South West Fairbanks Homes under $500,000

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Newest South West Fairbanks Homes under $500,000

1607 Madison Drive, Fairbanks
$425,000
3 Beds ⋅ 3 Baths ⋅ 161489 MLS
3 bedroom, 3 bathrooms, 2 car garage. Use the downstairs as a M.I.L with kitchen, living area and bathroom or guest apartment and enjoy the upstairs 2 bedrooms, 2 baths yourself. Solid surface countertops, kitchen island, stainless appliances, large covered deck, fenced in yard, newer roof, newer siding. There's so much to love about this property! ** Disclaimer- Some photos have been virtually staged or digitally altered with furniture/decor to illustrate potential layout options. Physical property condition please refer to original photos and in person viewings

1607 Madison Drive, Fairbanks
2801-1 Cowles Street, Fairbanks
$245,000
3 Beds ⋅ 2 Baths ⋅ 161479 MLS
Affordable, updated, pet-friendly, AND a heated two-car garage? This Fairbanks condo packs in more than you might expect! This bright end unit offers 3 bedrooms, 1.5 baths, in-unit laundry, and extra windows that fill the home with natural light. Recent updates give the space a fresh, move-in-ready feel, including new upstairs LVP flooring, fresh interior paint, refreshed kitchen cabinets, updated hardware, and new kitchen lighting. Outside, enjoy something you don’t always find with condo living: your own fully fenced private backyard! Perfect for pets, play, gardening, or simply having a little outdoor space to call your own. And yes, pets are allowed! You’ll also have two additional outdoor parking spaces, secure building entry, and an attached heated two-car garage, because scraping ice off your windshield at -30° is wildly overrated. Now for one of the best parts: the HOA covers HEAT, water, sewer, trash, snow removal, lawn care and maintenance, exterior building maintenance, and common-area cleaning. That means fewer bills to juggle, fewer weekend chores, and no driveway to shovel before work. You’re responsible for electricity, while so much of the rest is taken care of for you. Less than 10 minutes from downtown Fairbanks, this home brings together affordability, space, thoughtful updates, a private yard, and seriously convenient low-maintenance living. Whether you’re buying your first home, downsizing, or simply tired of spending your free time shoveling snow and mowing grass, this one is worth a look!

2801-1 Cowles Street, Fairbanks
1157 Sunset Drive, Fairbanks
$294,900
3 Beds ⋅ 2 Baths ⋅ 161472 MLS
Welcome to 1157 Sunset Drive! Conveniently located in Riverview Subdivision, this well-cared-for home offers a great combination of location, space, and flexibility. While an older construction home, it has been maintained over the years and is ready for its next owner to bring their own ideas and personal touches. Currently set up as two separate living areas with a shared entrance, the layout offers options for multi-generational living, additional living space, or potential rental use. Prefer a more traditional layout? The home could also be converted back into a single-family residence. Outside, you'll find an attractive front yard, fenced backyard, single-car garage, and a covered backyard patio that creates a great space for summer BBQs, birthday parties, or simply gathering with family and friends. With a convenient Fairbanks location, versatile layout, and inviting outdoor space, this property offers plenty of possibilities for its next owner. Property is being sold AS-IS at the current price. Seller does not intend to make repairs other than those required by a buyer's lender. Come see the possibilities and make this your NextHome!

1157 Sunset Drive, Fairbanks
1534 Stacia Street, Fairbanks
$74,900
1 Beds ⋅ 1 Baths ⋅ 161378 MLS
Great Investment Opportunity or Starter Home! This charming 1-bedroom, 1-bathroom home is a great opportunity for an investor or someone looking for an affordable starter home. The property has had extensive work completed, including a re-leveled and reinforced foundation, new electrical, new plumbing, new forced-air heating system and ductwork, an upgraded natural gas system, new windows, a new door, and much more. The owner has put a lot of time and effort into improving the property but has had a change in plans and is now offering it for sale. Whether you're looking for an investment property or a place to call home, this could be a great opportunity. Come take a look and see the potential for yourself! Home appears to be partially wood crib and concrete foundation. Cash, Renovation and Construction Loan

1534 Stacia Street, Fairbanks
1607 Madison Drive, Fairbanks
$425,000
3 Beds ⋅ 3 Baths ⋅ 161346 MLS
3 bedroom, 3 bath, 2 car garage on city utilities! Downstairs offers MIL ( (Mother-In-Law) apartment option with the extra living room, bedroom, kitchen, and full bath with Laundry. Upstairs,The Primary Bedroom has a dual vanity and walk in closet. Open floor plan kitchen, solid surface countertops, kitchen island, stainless steel appliances, and upper living room complete with an off the kitchen covered BBQ deck. Outside a fully fenced backyard, lawn, shed, and covered deck. Disclaimer** ** Some photos have been virtually staged or digitally altered with furniture/decor to illustrate potential layout options. Physical property condition remains as-is; refer to original photos and in-person viewings

1607 Madison Drive, Fairbanks
1034 27th Avenue, Fairbanks
$310,000
4 Beds ⋅ 2 Baths ⋅ 161304 MLS
Welcome to 1034 27th Avenue, a centrally located Fairbanks home offering a flexible floor plan, generous outdoor space, and convenient access to shopping, services, schools, downtown, and major routes throughout the area. Situated on a corner lot with more outdoor space than many neighboring properties, this home features a fenced yard, including a private backyard, plus an attached two-car garage facing the street for easy year-round access. Inside, the home offers four bedrooms and two bathrooms arranged across two levels. The upper level features two bedrooms, a full bathroom, and a comfortable living room. Downstairs, you’ll find two additional bedrooms, another bathroom, and a kitchen and dining area, creating a layout that offers plenty of flexibility for families, guests, extended household living, or potential rental use. The property’s central location makes commuting throughout Fairbanks simple, with convenient access to downtown, West Fairbanks, the Richardson Highway, and routes toward North Pole. This property is being offered as part of an estate sale and is ready for its next owner. The boiler was recently serviced on September 12, and a previous home inspection is already available on file for buyers to review. Whether you are looking for a primary residence, an investment property, or a home with a layout that provides additional flexibility, 1034 27th Avenue offers a combination of location, garage space, fenced outdoor areas, and four-bedroom living that can be difficult to find in this part of Fairbanks.

1034 27th Avenue, Fairbanks
3278 Jefferson Drive, Fairbanks
$304,500
4 Beds ⋅ 4 Baths ⋅ 161110 MLS
Large 4-bedroom home located in Fairbanks on city utilities. Home needs some TLC and updating and is being sold AS-IS at the current price. New system 2000 boiler installed in 2022. If you're looking for in town living with enough bedrooms and bathrooms for a large family, then this is the buy for you.

3278 Jefferson Drive, Fairbanks
750 17th Avenue, Fairbanks
$399,900
5 Beds ⋅ 4 Baths ⋅ 161099 MLS
Investment opportunity on Fairbanks' south side! This 4-plex offers four units and multiple rental income streams at a great price. The adjoining triplex at 752 17th ave is also available, offering the opportunity to purchase both properties together for $625,000.00. Owner Financing may be available with 30% down. Both properties are being sold AS-IS, WHERE-IS. Great opportunity to expand rental portfolio or get started in multi-family investing.

750 17th Avenue, Fairbanks
1445 Lacey Street, Fairbanks
$340,000
160895 MLS
Affordable triplex in the heart of Fairbanks with excellent income potential! This property features an up/down duplex plus a detached efficiency studio, all situated on a city lot. The upper unit offers 1 bedroom, 1 bathroom, a comfortable living room, and an updated kitchen, along with numerous improvements including flooring, paint, and other tasteful finishes. The lower unit is also a 1-bedroom, 1-bath apartment and has been updated with improvements to the kitchen, tile, flooring, and paint. A shared laundry area in the basement provides added convenience for tenants. Owner lives in main unit, Unit B is currently leased at $1400 and Unit C is leased at $1150.

1445 Lacey Street, Fairbanks
1582 Market Street, Fairbanks
$230,000
3 Beds ⋅ 2 Baths ⋅ 160825 MLS
Welcome to 1582 Market Street, where affordability, functionality, and a convenient Southwest Fairbanks location come together in one attractive package. Whether you’re searching for your first home, looking to downsize, or seeking an investment opportunity, this well-maintained zero lot line property offers exceptional value in today’s market. Built with durable 2x6 construction on a concrete block foundation, this two-story home offers approximately 1,152 square feet of thoughtfully designed living space featuring three bedrooms, two bathrooms, and a one-car attached garage. The layout provides a comfortable separation between living and sleeping areas while maximizing every square foot for everyday living. Natural light fills the interior, creating a warm and welcoming atmosphere throughout. The functional floor plan offers flexibility for a variety of living arrangements, with spacious bedrooms, comfortable gathering spaces, and a practical kitchen ready for daily meals or entertaining friends. The attached garage provides convenient parking, additional storage, or space for seasonal gear and tools. Situated on approximately 0.11 acres, this property offers the benefits of homeownership with a manageable outdoor footprint, allowing more time to enjoy everything Fairbanks has to offer. The location places you within easy reach of shopping, dining, parks, schools, the University of Alaska Fairbanks, downtown Fairbanks, Fort Wainwright, and many of the area’s major employers, making daily commuting simple and convenient. Zoned Two-Family Residential (TF), buyers are encouraged to verify potential future uses with the Fairbanks North Star Borough. This zoning may provide additional flexibility depending on a buyer’s plans and applicable regulations. Offered at $260,000, this home represents an outstanding opportunity to own a quality-built property in an established neighborhood at an attractive price point. With solid construction, an efficient layout, attached garage, and desirable location, this is a property you’ll want to see in person. Be sure to explore the virtual walkthrough to experience the home’s layout and flow before scheduling your private showing. Opportunities like this don’t last long!

1582 Market Street, Fairbanks
1500 Market Street, Fairbanks
$198,000
4 Beds ⋅ 2 Baths ⋅ 160817 MLS
Settle into West Fairbanks with room to make it your own. This is a solid home with good bones, ready for your paint, flooring, and finishing touches. Spend your weekends on the trails at Creamer's Field Migratory Waterfowl Refuge just up the road, or along the Chena River, then be back home in minutes. Quick access to College Road and Farmers Loop puts the whole city 5 to 10 minutes away. Priced to reflect its condition and ready for your vision. Bring your ideas and build instant equity.

1500 Market Street, Fairbanks
NHN None Assigned, Fairbanks
$30,000
1 Baths ⋅ 160431 MLS
Brand-new 20' dry cabin — high-end, fully furnished, and built for Alaska. No plumbing. Think upscale hunting cabin or off-grid guest suite in a tough, portable package. ~128 SF. Arctic-rated R-32 closed-cell spray foam insulation, smart electric heat, recessed halo LED lighting, tempered glass windows, insulated entry door, 50-amp service. Fully furnished with queen bed and frame, couch, 50" TV, kitchenette with hot plate, microwave, and mini-fridge. Choose your flooring — LVP, carpet, vinyl, or a mix. Customize interior and exterior colors from the full Sherwin-Williams® palette. Dry sink, upper and lower cabinets available as add-ons. 10-year container leak warranty plus 20-year Sherwin-Williams® coating warranty. Free delivery within 30 miles of Fairbanks/North Pole — statewide delivery quotes available. 0% down financing available with approved credit. $30,000. Garza Group Realty — Authorized MTM Alaska Dealer.

NHN None Assigned, Fairbanks
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