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$1,950,000
160579 MLS
PROPOSED 10-UNIT APARTMENT DEVELOPMENT | BUILD-TO-SUIT MULTIFAMILY INVESTMENT OPPORTUNITY. Take advantage of the boroughs 10 year Tax exemption with this build!* Bring your multifamily investment vision to life with this proposed 10-unit apartment development. Positioned on three city lots in central Fairbanks, this proposed apartment complex presents a rare opportunity to develop a modern rental community in one of Fairbanks' strongest multifamily markets. Designed to meet the continued demand for quality housing, this project offers investors the ability to partner with an established Alaska builder to create a long-term income-producing asset. Location matters, and this project delivers. Situated near Fairbanks Memorial Hospital, Fort Wainwright, schools, parks, shopping, and downtown Fairbanks, the property is well-positioned to attract healthcare professionals, military personnel, government employees, and other residents seeking convenient access to work, recreation, and everyday amenities. The combination of nearby employment centers and essential services helps support year-round rental demand and long-term investment potential. The proposed three-story apartment building features ten spacious 1 bedroom, 1 bath units. Planned amenities include modern floor plans, in-unit laundry, dedicated parking, bike storage, and attractive finishes designed to appeal to today's renters while supporting tenant retention and occupancy performance. Unlike a traditional new construction offering, construction has not yet commenced. This creates a unique opportunity for investors and developers to customize the project, modify specifications, and tailor the development to their investment strategy before construction begins. Whether your objective is to expand a multifamily portfolio, complete a 1031 exchange, develop workforce housing, or create a new apartment community in Fairbanks, this project offers a level of flexibility rarely found in today's market. With strong rental demand, a highly desirable central Fairbanks location, and the ability to work directly with an experienced Alaska multifamily builder, this is an exceptional opportunity to take a proven apartment development concept from plan to reality. Annual gross rents are projected at $198k/Year based off local rental data. The 19th Avenue location is being utilized to showcase the development concept and potential. The proposed apartment design may also be adapted to another suitable development site based on a buyer's goals, location preferences, and project requirements. Larger projects are available, inquire for details. See Fairbanks North Star Borough for Tax exemption details.

NHN 19th Avenue, Fairbanks
$2,950,000
160578 MLS
PROPOSED 12-UNIT APARTMENT DEVELOPMENT | BUILD-TO-SUIT MULTIFAMILY INVESTMENT OPPORTUNITY. Take advantage of the boroughs 10 year Tax exemption with this build!* Bring your multifamily investment vision to life with this proposed 12-unit apartment development. Positioned on three city lots in central Fairbanks, this proposed apartment complex presents a rare opportunity to develop a modern rental community in one of Fairbanks' strongest multifamily markets. Designed to meet the continued demand for quality housing, this project offers investors the ability to partner with an established Alaska builder to create a long-term income-producing asset. Location matters, and this project delivers. Situated near Fairbanks Memorial Hospital, Fort Wainwright, schools, parks, shopping, and downtown Fairbanks, the property is well-positioned to attract healthcare professionals, military personnel, government employees, and other residents seeking convenient access to work, recreation, and everyday amenities. The combination of nearby employment centers and essential services helps support year-round rental demand and long-term investment potential. The proposed three-story apartment building features twelve spacious 2-bedroom, 1 & 2 bath units ranging from approximately 712 SF on the first floor to 838 SF on the second and third floors. Planned amenities include modern floor plans, in-unit laundry, dedicated parking, bike storage, and attractive finishes designed to appeal to today's renters while supporting tenant retention and occupancy performance. Unlike a traditional new construction offering, construction has not yet commenced. This creates a unique opportunity for investors and developers to customize the project, modify specifications, and tailor the development to their investment strategy before construction begins. Whether your objective is to expand a multifamily portfolio, complete a 1031 exchange, develop workforce housing, or create a new apartment community in Fairbanks, this project offers a level of flexibility rarely found in today's market. With strong rental demand, a highly desirable central Fairbanks location, and the ability to work directly with an experienced Alaska multifamily builder, this is an exceptional opportunity to take a proven apartment development concept from plan to reality. Annual gross rents are projected at $288k/Year based off local rental data. The 19th Avenue location is being utilized to showcase the development concept and potential. The proposed apartment design may also be adapted to another suitable development site based on a buyer's goals, location preferences, and project requirements. Larger projects are available, inquire for details. See Fairbanks North Star Borough for Tax exemption details.

NHN 19th Avenue, Fairbanks
$755,000
159969 MLS
MODERN TRIPLEX | FULLY OCCUPIED | VALUE-ADD UPSIDE 1626 Stacia Street is a fully leased 2022-built triplex cash flowing from day one. Three attached 300 sq. ft. heated storage spaces are completely unleased — a new owner adds $3,600/year in income immediately just by leasing them. Low operating costs year-round thanks to energy-efficient construction built for Alaska's climate. Coin-op laundry income on top. ~6.3% cap rate at list price. Twin property at 1632 Stacia Street also available on the adjacent lot — MLS# 159958. Seller open to package pricing on both. Pre-qualified buyers only. 24-hour notice required.

1626 Stacia Street, Fairbanks
$755,000
159958 MLS
MODERN TRIPLEX | TURNKEY INCOME | PROVEN CASH FLOW 1632 Stacia Street is a 2022-built triplex that's ready to perform. All three 2BR/1BA + Office units are leased at $1,750/month with one heated storage space already generating additional income. Two more storage spaces remain unleased — a new owner picks up an easy $2,400/year by filling them. Low operating costs year-round thanks to energy-efficient construction built for Alaska's climate. Coin-op laundry income on top. ~6.5% cap rate at list price. Twin property at 1626 Stacia Street also available on the adjacent lot — MLS# 159969. Seller open to package pricing on both. Pre-qualified buyers only. 24-hour notice required.

1632 Stacia Street, Fairbanks
$8,750,000
159243 MLS
As close to a new multifamily build as you can get in Fairbanks today! This fully remodeled apartment building, originally constructed as a 60 unit hotel and thoughtfully converted into 44 modern residential units. The Building was remote- walled insulated adding 9 inches to the exterior making the walls 15" thick, making it extremely efficient, only using approximately $10,000 a year in natural gas. Every unit has been updated to meet contemporary standards, creating an efficient, attractive living environment that supports strong tenant demand and long-term stability. Ideally located close to downtown, with convenient access to shopping centers, parks, and schools, the property benefits from a prime, centralized setting that appeals to a wide range of renters. The layout and scale provide excellent operational efficiency while maintaining flexibility for future value-add strategies. With approximately $713,000 in annual income, this property stands out as a solid, income-producing investment well-suited for both seasoned investors and those looking to expand their multifamily portfolio. A turnkey opportunity combining location, scale, and proven cash flow

1533 Lacey Street, Fairbanks