Sw Rural Fairbanks Homes under $500,000

Sw Rural Fairbanks Homes under $500,000

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Newest Sw Rural Fairbanks Homes under $500,000

2629 Back Court, Fairbanks
$309,900
2 Beds ⋅ 1 Baths ⋅ 161431 MLS
Cute Log Home Close to Town! Tucked away on 1.3 acres, this charming 2 bedroom, 1 bath log home offers a great combination of privacy, character, and convenience. Located near UAF, you’ll enjoy a peaceful, wooded setting while still being just minutes from town, schools, shopping, and everyday amenities. Inside, the open floor plan and vaulted ceilings create a comfortable, spacious feel. The large kitchen offers plenty of room for cooking and gathering, while the cabin-style charm makes this home feel warm and inviting. Outside, enjoy two separate deck areas that are perfect for relaxing, entertaining, or simply taking in the peaceful surroundings. A huge shed provides plenty of extra storage, and the wood storage area is a great bonus for keeping firewood organized and ready for the winter months. A cute log home in a private setting with a convenient location come take a look!

2629 Back Court, Fairbanks
130 Vassar Circle, Fairbanks
$179,900
2 Beds ⋅ 1 Baths ⋅ 161415 MLS
APPROVED--ON AHFC LENDER LIST* Welcome to Unit 5 at 130 Vassar Circle, an extensively updated condominium offering convenience, comfort, and one of the most desirable layouts within the development. Located in a completely revitalized condominium community, this first-floor end unit combines modern updates with a highly functional floor plan and a location that places you within easy reach of everything Fairbanks has to offer. Whether you're looking for low-maintenance living, a convenient home base, or an opportunity to own in a refreshed development, this property deserves a closer look. Recently updated with new carpet, fresh paint, and modern light fixtures, the interior feels clean, bright, and move-in ready. With approximately 1,000 square feet of living space, this two-bedroom, one-bathroom unit offers a surprisingly spacious layout. The large living room provides ample room for gathering and relaxation, while the oversized kitchen offers abundant workspace and storage. A dedicated dining area creates a natural space for meals, entertaining, or everyday use, a feature that is becoming increasingly difficult to find in many condominium floor plans. One of the most unique features of this particular unit is its location within the building. As an end unit, it shares only one common wall with a neighboring residence, providing an added sense of separation. Even more rare is the ground-level backyard access directly from the rear of the unit. While many units in the development feature elevated balconies, Unit 5 offers direct access to outdoor space, creating additional flexibility and convenience that sets it apart from the rest. Built in 1980and located within a multi-family residential zoning district, the development has undergone substantial improvements after new ownership revitalized the community and invested in bringing the property up to modern standards. The HOA provides extensive coverage, including heat, water, sewer, snow removal, lawn maintenance, garbage service, and common area maintenance, helping simplify ownership and reduce many routine responsibilities. The owner is responsible only for electricity and internet service. Additionally, with an acceptable offer, the seller is willing to satisfy the current special assessment for this unit, creating added value for the next owner. The location is another major advantage. Situated near the University area, the property provides convenient access to educational facilities, shopping, dining, recreation, and major commuter routes throughout Fairbanks. Fort Wainwright and other employment centers are also easily accessible, while most destinations throughout Fairbanks can be reached within a short drive. The property is served by city water and city sewer and is not located within a flood zone. Opportunities to purchase in this newly revitalized development are limited, and Unit 1 stands out as one of the most desirable offerings thanks to its end-unit location, extensive updates, and rare ground-level backyard access. If you are looking for a move-in-ready condominium that combines convenience, modern improvements, and a location near the heart of Fairbanks, 130 Vassar Circle Unit 5 is ready to welcomes you home.

130 Vassar Circle, Fairbanks
3465 Chetana Drive, Fairbanks
$249,000
2 Beds ⋅ 2 Baths ⋅ 161407 MLS
Cozy log home in the woods. Open living area with vaulted ceiling, large deck overlooking a peaceful territorial view....small reading nook/ loft upstairs. Both bedrooms are downstairs.

3465 Chetana Drive, Fairbanks
2700 Lycoming Court, Fairbanks
$274,900
2 Beds ⋅ 1 Baths ⋅ 161385 MLS
Cozy ranch-style home on the outskirts of Fairbanks! Offering 2-bedrooms, 1-bath, and an efficient open concept living space that takes advantage of the square footage! The home features up-to-date features, including laminate flooring, an adorable kitchen, and an updated bathroom. Bonus loft for extra storage! This place is charming inside and out, with cedar siding, a gardening area, and a deck to overlook the 1+ acre of privacy! Home is on city water! Schedule your showing today! This one won't last long!

2700 Lycoming Court, Fairbanks
5100 Electra Avenue, Fairbanks
$250,000
2 Beds ⋅ 1 Baths ⋅ 161340 MLS
Roughly 1000 sq ft cabin near the airport and Riverboat Discovery, great rental history buy for the investment or a great starter home. Three-sided log construction, fully fenced lot, with great curb appeal. 1 ½ stories with two bedrooms on own well and septic, but College Utilities is nearby for an easy hookup.7 additional adjoining lots with 2200sq ft house available also.

5100 Electra Avenue, Fairbanks
5111 Fairchild Avenue, Fairbanks
$350,000
3 Beds ⋅ 2 Baths ⋅ 161328 MLS
Attention flippers, investors, and do it yourselfers. Amazing opportunity for sweat equity on an in-town 2200sq ft home and 1360 sq ft metal shop on 7 adjoining city lots on College Utilities. Perfect location near the airport and Riverboat discovery. Home is a fixer upper with a full basement and tons of potential. The Quonset style metal shop is plumbed for slab heat and awaiting your finishing touches. The 7 adjoining lots are fully fenced, mature trees and landscaping, with multiple outbuildings, potential for rentals and Air BNB abound. Property is being sold as-is so bring your construction loan or cash and your imagination. Additional adjoining lot with 1000 sq ft cabin available also.

5111 Fairchild Avenue, Fairbanks
4543 Kallenberg Road, Fairbanks
$135,000
1 Beds ⋅ 1 Baths ⋅ 161189 MLS
The Tree House! Raised three season cabin that could easily be a year round retreat nestled in 5 acres deep in the Cripple Creek neighborhood. There is a water tank and a septic system, a kitchen and a bathroom, the owner just didn’t use all of it throughout the winter. With some insulation and intention you could set this up for winter living or just keep it as a quick getaway on the road system. Tons of dry parking underneath and covered deck space above. It doesn’t get much more Fairbanks than this!

4543 Kallenberg Road, Fairbanks
615 Sheep Creek Road, Fairbanks
$499,000
161000 MLS
A Rare Multi-Cabin Investment Just Minutes from UAF. Tucked into a quiet, wooded setting only three miles from the University of Alaska Fairbanks, this four-cabin compound offers a rare chance to own an income-producing retreat with ski, bike, and running trails just 100 feet from the door. The property includes three two-story, two-bedroom cabins with spiral staircases plus one studio unit, well suited to long-term rentals, visiting professionals, or executive housing. Each cabin offers open-concept living, a full kitchen, a covered porch, and a private yard, striking a balance between privacy and community. Built for Alaska's climate, every unit has its own electric meter, a 300-gallon fuel tank, a 500-gallon water tank, an exterior car plug, and energy-efficient 6" wall construction. All-weather access keeps the property close to downtown Fairbanks while preserving a secluded, peaceful feel, and long-term tenants already in place mean immediate income from day one. Total gross rents $3,800/month

615 Sheep Creek Road, Fairbanks
1442 Chena Ridge Road, Fairbanks
$459,900
3 Beds ⋅ 3 Baths ⋅ 160934 MLS
Beautiful Alaskan Log on Chena Ridge! Amazing territorial views! Vaulted ceiling on main floor, the middle and lower-level offer 3 bedrooms, 2.5 baths and laundry room. Each floor has its own Covered walk-out deck overlooking the valley! New Anderson triple pane windows! Cozy Vermont Intrepid II woodstove to supplement heating costs. Has Radiant floor and Hot water baseboard for heat. Newer well insulated detached Garage Don't miss the detached studio with power, heat and a Sauna! A second driveway to lower lot ends at the studio perfect for a home business! Bonus: The original log cabin is currently rented for $1100 a month. It has Toyo for heat and a water holding tank. Main Log home has a private well. Pre-sale engineer inspection available. Video: https://bit.ly/ChenaRidge1442Video

1442 Chena Ridge Road, Fairbanks
2731 Alaska Range, Fairbanks
$475,000
3 Beds ⋅ 2 Baths ⋅ 160871 MLS
Welcome to your dream home and an exceptional investment opportunity on sought-after Chena Ridge. Nestled on more than 2 private acres, this stunning log home offers breathtaking panoramic views of the Alaska Range and the perfect setting to watch the sunrise from the expansive oversized deck. Inside, you'll find a bright, open living space filled with natural light from large windows and skylights. The impressive rock fireplace serves as the centerpiece of the home, creating a warm and inviting atmosphere. The updated kitchen features stainless steel appliances, while the renovated bathrooms add modern comfort and style. Currently configured as a primary residence on the lower level with a highly successful short-term rental upstairs, this versatile property offers multiple living options. It can easily be converted back into a single-family home with a mother-in-law apartment or continue generating income as a proven Airbnb. The home includes three bedrooms, two full bathrooms, and a spacious loft, providing flexible living space for a variety of needs. The bedrooms offer peaceful comfort, making this home an ideal retreat for both owners and guests. The property is turnkey for short-term rentals, complete with a private guest entrance and smart locks for seamless hosting. A brand-new furnace installed in January 2026 provides added peace of mind. The property also has a private 330 sq ft dry cabin, currently with a long term renter and additional reliable income. The dry cabin has its own driveway and privacy which can barely be seen from the main house. Whether you're looking for a full-time residence, a vacation getaway, or an income-producing investment, this one-of-a-kind property offers the best of all worlds. Don't miss this rare opportunity to own a private Alaskan retreat with unmatched views and outstanding income potential.

2731 Alaska Range, Fairbanks
1983 Chena Point Avenue, Fairbanks
$449,900
3 Beds ⋅ 2 Baths ⋅ 160559 MLS
3-bedroom, 2-bath home on 1.8 private acres in the Chena Point area off Chena Ridge Road, Fairbanks, Alaska. Built in 2018, the 1,720-square-foot layout carries a 6-star energy rating and an open kitchen, living, and dining concept that earns its keep through an Interior Alaska winter. The primary suite includes a en-suite bath and sits apart from the secondary bedrooms, so guests, a home office, or a late-night project never interrupt anyone's sleep. Picture this: you pull off Chena Ridge Road, the gravel crunches under the tires, and the trees open up onto your own 1.8 acres. Inside, the big windows are already doing their job, pulling in the low winter light or the long June sun and spreading it across the kitchen counters where Sunday breakfast turns into Sunday brunch for six. That kind of natural flow is the whole point of this floor plan: nothing about it asks you to work around the house. The house works around you. Then there's the garage. Three full Spots, 1,680 square feet, heated, enough room for the truck, the boat, the snowmachines, and a workbench with room left over. It is the kind of space that turns "I should really get a shop" into "I already have one." Outside, the acreage leaves room for an RV, a trailer, a garden, or whatever comes next. The Chena Point location keeps you close to everything that makes Fairbanks worth living in, without putting you in the middle of it. The Pump House Restaurant & Saloon sits a short drive away on the Chena River, a local institution with a riverside patio, live music, and a dining room full of mining-era history, good for a Friday night that doesn't require a babysitter for the truck. Chena Pump Wayside gives you a put-in for a canoe or kayak any summer evening you've got an hour to spare, and the Isberg Recreation Area trail system is close enough for a quick hike or a winter ski before the sun goes down at 3 p.m. Fred Meyer and Safeway are roughly two miles south for the grocery run, the University of Alaska Fairbanks is about five miles away, and downtown Fairbanks and Fairbanks International Airport are both a short, easy drive. This is a property built for people who want acreage, efficiency, and a three-car garage they'll actually use, and who'd still rather be fifteen minutes from the Chena River than fifteen minutes from the next subdivision over.

1983 Chena Point Avenue, Fairbanks
1260 Pickering Drive, Fairbanks
$375,000
4 Beds ⋅ 2 Baths ⋅ 160538 MLS
Tucked away from the outside world on 2.55 acres, this 4 bedroom home on Chena Ridge could be the one! On the main level, you will find everything you need with the wood stove, kitchen, primary suite and primary bathroom — as well as laundry and garage access. Heading upstairs, you will find an additional 3 bedrooms and a full bathroom. The home is wooded and quiet, featuring a large lawn and fire pit area perfect for those long Alaska summer evenings.

1260 Pickering Drive, Fairbanks
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