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$680,000
6 Beds 6 Baths 160622 MLS
The Adamina is a six-suite short-term rental property located just off the downtown Fairbanks area. Historically, five suites have operated as short-term rentals while the seller occupied the sixth suite as owner housing. A future owner could continue that arrangement, utilize the sixth suite for cleaner or manager housing, or convert it into an additional revenue-producing rental unit. Since opening on July 4, 2021, The Adamina has generated approximately $631,482 in documented payout revenue in less than five years of operation while maintaining competitive market pricing, strong guest reviews and consistent occupancy. Business Highlights • Six-suite property located just off the downtown Fairbanks area. • More than $631,000 in documented payout revenue generated since opening. • Strong operating history with consistent annual revenue exceeding $110,000 in recent years. • Historical performance achieved while only five of the six suites were utilized as short-term rentals. • Existing reservations secured into 2027. • Renovations and suite refresh projects have been completed on several units in recent years, with additional opportunities for future updates if desired. • Guest sauna program established as a unique winter-focused amenity that helps differentiate the property within the Fairbanks lodging market. • Consistently strong guest reviews across multiple booking platforms. • Competitive pricing relative to comparable accommodations throughout the Fairbanks North Star Borough. Market Position and Future Potential Booking.com market analytics indicate Fairbanks lodging demand increased approximately 13% during the most recent 365-day period compared to the prior year. During late 2025 and early 2026, booking availability settings were inadvertently impacted by channel-management software updates. Once identified and corrected, reservation activity returned rapidly to historical levels. This recovery occurred after several suite refresh projects were completed and the guest sauna program was introduced, suggesting continued strong demand for the property and its amenities. Historical revenue performance was achieved while maintaining competitive rates and without significant rate increases despite rising utility and operating costs throughout the local lodging industry. This has allowed the property to remain highly competitive while preserving flexibility for future ownership. The refreshed suites, established sauna program, strong guest reviews and existing reservation pipeline provide a solid foundation for continued operation as a short-term rental business. Property Offering The property is being offered at $680,000 unfurnished. Furniture, furnishings, operational equipment, future reservations and transition assistance may be availvable through separate negotiation or included in the purchase if acceptable to buyer, seller and lender. Depending on buyer interest, additional assets available for negotiation may include: • Suite furnishings and décor • Linens and guest inventory • Business-owned routers and networking equipment • Exterior security camera system • Sauna amenities currently utilized as part of the property's winter guest experience • Operational equipment and supplies • Existing future reservations secured at the time of sale • Transition assistance for establishing a new short-term rental operation While the business name itself is not included in the transaction, the seller is willing to assist a purchaser with transitioning operations, establishing a new short-term rental brand and maintaining continuity of existing reservations where practical. This is a rare opportunity to acquire an established Fairbanks short-term rental property with documented operating history, future reservations on the books, strong guest reviews and significant upside through expansion of the sixth suite or operational enhancements. 3.25% assumable VA loan. 2025 P&L statement now on file.

301 Erceg Street, Fairbanks

$115,000
5 Beds 2 Baths 160580 MLS
Opportunity is knocking in the heart of downtown Fairbanks! This 5-bedroom, 2-bath home offers plenty of space, a flexible layout, and an excellent opportunity for you to build sweat equity. With over 1,200 square feet of living space situated on a unique street-to-street lot stretching from 4th Avenue to 5th Avenue, there's room to bring your vision to life. Several recent improvements have already been completed including a new water service line, a new water meter, and a new Toyo stove, helping lay the groundwork for future updates. The kitchen has been updated with newer appliances, while the spacious primary bedroom features its own private bathroom. The home's layout offers flexibility with additional bedrooms and living space to accommodate a variety of needs. This property offers a chance to build equity in a convenient downtown location. Just minutes from shopping, restaurants, schools, parks, and everything downtown Fairbanks has to offer, this is an opportunity you won't want to miss! Cash/Renovation loan only. Home is occupied. Showings are by appointment only.

812 5th Avenue, Fairbanks

$950,000
160488 MLS
Discover the perfect space for your business in this versatile 5,000 SF property designed for office, retail, and warehouse use. Located in a Heavy Industrial zone, this property is ideal for businesses requiring a combination of administrative, retail, and operational facilities. Property Highlights: • Total Space: 5,000 SF • Office Space: 2,400 SF, featuring: • Reception area • Conference room • Kitchen • Three private offices • Two bathrooms • Large retail/showroom area • Warehouse Space: 2,600 SF, including: • Six trailer bays • Delivery dock Lease Terms: • Triple Net Lease (NNN) • Lessee responsible for utilities: electric, water/sewer, and natural gas heating Additional Details: This property is also available for purchase, providing a fantastic opportunity for ownership in a prime industrial location. Contact us today to schedule a tour and explore how this dynamic space can meet your business needs! Virtual Tour: https://my.matterport.com/show/?m=RSPKQxppi87

1502 Minnie Street, Fairbanks

$2,095,000
160470 MLS
Mall has excellent retail location in the midst of intensive retail developments. The East College Road Corridor will continue to be the "Destination" retail location in Fairbanks. The subject property abuts Noyes Slough. The building has two floors, one at street level and the other is the equivalent of a daylight basement. Each floor is partitioned into various retail and office suites that are accessed via a central hallway. Several suites have direct access from the front of the building plus interior hallway access. The interior walls facing the hallways are glassed. A brick facade is installed along the front of the building and a short brick wall/planter is installed at the monument sign. Lighted advertising tiles are installed along the upper portion of the front exterior facing College Road and above the front sidewalk. New $100,000+ roof was installed fall of 2025.

59 College Road, Fairbanks

$386,500
4 Beds 2 Baths 160455 MLS
BUYER CREDIT. Seller to pay $2,500 towards Buyers closing costs. Sweet 4 bed, 2 bath home with new paint, exterior and interior. New flooring, in the living areas, entry way and stairs. Upstairs, you will find the living room, kitchen, with a fresh new update, new counters and newer appliances. Dining area, leads to the deck, which overlooks the backyard. Also, upstairs are 2 bedrooms, full bath with a jetted tub. Downstairs, you will find 2 bedrooms, full bath, office area, or family room, that could also be turned into a theater room or, hobby room that has 240 volts ready for any need. Clean as a pin, utility room with boiler, washer, dryer and HRV which allows special filters that eliminate forest fire smoke and includes a UV air scrubber. The home is set back on the lot with a nice tree lined view. In the backyard is a garden area ready for planting. Blooming perennial bed outside the front door. Home has a 4-star energy rating using the Uniform Energy Rating System, providing extra fuel efficiency.

3012 Chinook Drive, Fairbanks

$30,000
1 Baths 160428 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

$650,000
160408 MLS
ESTABLISHED BUSINESS IN THE HEART OF FAIRBANKS! This is your chance to be the next owner of Lavelle's Taphouse - a positive cash flow business and a hub of downtown! It's currently set up with 36 taps, and comes with a FULL LIQUOR LICENSE, giving the next owner opportunities to expand beverage selections within its location and cater events all around town! You will inherit a longstanding relationship with local food trucks to support customers, or you can look to the new construction next door, creating potential to open up a kitchen and serve your own menu! Located on a historic street, with a wide open courtyard overlooking our growing downtown! This well-loved establishment is TURNKEY and presents endless opportunity for its next proud owner. Your dream business awaits! For more information, call the listing licensee! http://lavellestaphouse.com/

412 Second Avenue, Fairbanks

$495,000
5 Beds 5 Baths 160281 MLS
RARE FIND! Spacious 5-bedroom, 5-bathroom home in a prime central location within walking distance to schools, restaurants, the library, Co-op Market, and other amenities. Originally built in 1946 and completely rebuilt in 2002 with a second story, soundproofing, updated insulation, new wiring, and numerous additional improvements. Plans and permits available upon request. Formerly operated as a successful bed and breakfast, this versatile property offers excellent income potential. The second floor features three large bedrooms, each with a private en-suite bathroom. The main level includes a welcoming living and dining area, spacious kitchen with newer stainless-steel appliances, large island, desk-height workspace, an additional bedroom, full bath, and office that could serve as a 6th bedroom. New shingles on roof. Attached one-car garage is wired for 220V service and includes a separate apartment above with private entrance, 1 bedroom, 1 bath, full kitchen, and living room. Long-term tenant would like to remain, providing immediate rental income opportunity. Unfinished basement offers laundry, mechanical systems, and abundant storage. A unique property with flexible living arrangements, income-producing potential, and an unbeatable in-town location. Motivated seller will credit $15,000 to the buyers to spend as they choose, use as a down payment, discount points, closing costs, etc.

1003 8th Avenue, Fairbanks

$470,000
3 Beds 3 Baths 160195 MLS
Seller is willing to offer 5K closing cost credit with acceptable offer. Welcome to 1615 Kassi Court, a warm and inviting home with plenty of space to spread out, relax, and make your own. Inside, you’ll find a generous amount of livable space with a comfortable layout that works well for both everyday living and hosting family or friends. The kitchen features beautiful solid surface countertops that add both style and practicality to the heart of the home. Outside, The fully covered back patio is designed to help you enjoy Alaska summers in comfort, complete with pull-down blinds for added shade and privacy while still allowing you to enjoy the outdoor atmosphere. With its warm wood finishes and seamless indoor-outdoor feel, this space makes a perfect extension of the home for relaxing or entertaining throughout the season. The paved driveway adds convenience and curb appeal, while the nicely sized garage offers plenty of room for parking, storage, tools, or all the extra gear that comes with Alaska living. Conveniently located near the fairgrounds, Roaming Roots Cellar, and more, this home offers a great balance of peaceful living while still being close to local favorites and community events. Come see everything this property has to offer.

1615 Kassi Court, Fairbanks

$850,000
159896 MLS
Here is your opportunity to not only own a natural historic registered home, but also make some money while doing it. This is The Alaska Heritage House Bed & Breakfast. Located ideally within walking distance of everything downtown Fairbanks has to offer with the river, shops, restaurants, museums and more. The property has been listed as the "Mary Lee Davis house" in the national historic places registry since 1982. Operated as a success bed and breakfast and ranked #2 by Trip Advisor in Fairbanks BNB's, there are eight bedrooms sprawled out on three different levels. The main level features the properties main kitchen which flows into the elegant dining area where you'll see the large dining room set from 1875 where guests can enjoy relaxing and appreciate the amazing collection of antiques while enjoying your morning breakfast. There is a full bathroom on the main level connected to the central bathroom, and also the maids bedroom on this level. The upper level you'll find three more spacious bedrooms, all featuring their own private en suites, and the largest its own parlor kitchen. The lowest level has three more bedrooms and en suites, two of which having their own private parlor kitchen areas. There is so much history, character, and personality that comes with this property. See www.alaskaheritagehouse.com for more information and pictures. Website and business to convey with purchase. All furnishing, antiques to convey. What you see is what you get, this place is turn key ready!

410 Cowles Street, Fairbanks

$209,000
1 Beds 1 Baths 159864 MLS
Cute and centrally located ranch-style home in downtown Fairbanks, offering comfort, convenience, and versatility all in one. Truly move-in ready, this home features a functional main-level layout that works well for everyday living, a home office setup, or creative use. The full unfinished basement offers 9-foot ceilings and exterior access, providing excellent storage or future expansion potential. Outside, you’ll find a fully fenced yard for privacy and a convenient carport for covered parking. The property’s layout and location make it an excellent option for a photography studio, in-town residence, or small professional space with easy accessibility. A rare opportunity in a prime Fairbanks location. Well-kept, flexible, and ready for its next owner.

506 Eighth Avenue, Fairbanks

$355,000
159644 MLS
Positioned along highly desirable College Road, 1019 College Road offers a versatile mixed-use opportunity in one of Fairbanks’ most active commercial corridors. The property features three total units, including two units on the upper level and one unit on the lower level, providing flexible income potential for investors or owner-users. Located directly across from the renowned Creamer’s Field Migratory Waterfowl Refuge, a 2,200-acre destination that attracts both locals and tourists year-round, the property benefits from consistent visibility and traffic generated by outdoor recreation, seasonal events, and daily commuters. This central College Road location places the property within close proximity to the University of Alaska Fairbanks (UAF), a major economic driver for the region. The surrounding “College” area is home to over 11,000 residents and is anchored by the UAF campus, bringing a steady population of students, faculty, and staff that supports nearby businesses and services. Nearby commercial activity includes a mix of restaurants, professional offices, retail services, and neighborhood-serving businesses along College Road, University Avenue, and Geist Road, making this a strong location for both tenant demand and long-term investment stability. The property is also just minutes from Downtown Fairbanks, the economic hub of Interior Alaska, offering convenient access to government offices, and tourism-related businesses. College Road is a primary east-west arterial connecting the university district to downtown and surrounding neighborhoods, with strong daily commuter traffic. Alaska DOT & PF data for nearby corridors and connecting routes in the Fairbanks area indicate consistent traffic flow supported by regional commuter patterns and university activity, reinforcing the site’s exposure and accessibility. With its strategic location, proximity to UAF, adjacency to a major recreational landmark, and easy access to downtown Fairbanks, 1019 College Road presents a compelling opportunity for investors seeking stable rental income or users looking to establish a presence in one of Fairbanks’ most active corridors.

1019 College Road, Fairbanks

$595,000
159630 MLS
Exceptional opportunity in central Fairbanks! Located at the high-visibility intersection of Illinois Street and Phillips Field Road—one of the busiest thoroughfares in town with over 14,000 vehicles passing daily—this versatile commercial property offers a wide range of potential uses. Zoned Light Industrial and located within the Historic Overlay District, this 5,120 sq. ft. concrete block building sits on over half an acre (.62 acres) with two access points and ample paved parking (10+ spaces) plus additional parking space within the secured parking lot. Originally built in 1950 and once a well-known gas station, the building has a rich history in Fairbanks commerce. The gas pumps and canopy were removed in 1977, and the space was transitioned into a tire and wheel shop. Most recently, it served as a successful auto repair shop. The building layout includes a spacious shop area, dedicated office space, retail/showroom frontage, customer service areas, and dual restrooms. Large display windows are jeweler-grade plate glass, offering natural light and prominent exposure for retail or display needs. A delivery/truck door and inside storage area support flexible logistics for a variety of commercial uses. Heating is provided by a hot water baseboard system fueled by oil, with a supplemental pellet stove for added efficiency. Utilities include public water/sewer through Golden Heart Utilities and electric by GVEA. This is a rare chance to own a central Fairbanks commercial property with industrial utility, retail potential, and unbeatable traffic exposure that is priced below appraised value. Schedule your showing today—properties with this kind of history and flexibility don’t come around often! OWNER FINANCING & LEASE OPTIONS AVALABLE

269 Illinois Street, Fairbanks

$335,000
3 Beds 3 Baths 159272 MLS
$24,500.00 PRICE REDUCTION: OWNERS ESTATE WANTS THIS PROPERTY SOLD. Being sold AS IS, BUT most of electrical, roof and plumbing/heating upgrades have been recently done. THIS PROPERTY IS READY FOR NEW BUYERS TO MOVE INTO NOW. OWNERS WILL CONSIDER A REASONABLE OFFER "AS IS". “ A Rare Piece of Fairbanks History, River view, Room to Grow with Endless Possibilities!" This quaint, character-filled home is one of those properties you simply don’t find anymore, a true gem tucked into one of Fairbanks’ most desirable neighborhoods, just off the Chena River, on a generous street-to-street lot with over 16,000 square feet. Whether you’re dreaming of a lovingly restored FAMILY home or a charming BED & BREAKFAST, this property has the bones and the soul to make it happen. The Home The 1,100+ sq ft main floor offers warm, livable spaces with real hardwood floors, built-in bookshelves, and a modern-style wood stove that anchors the spacious living area, with its own parlor, and dining area. The kitchen features a cozy breakfast nook — the kind you want to linger in on a slow morning. A primary bedroom and bath, private office, and an additional guest or studio room round out the main level. Upstairs, a 750+ sq ft level with its own bath and living/studio space functions beautifully as a mother-in-law suite, creative retreat, or private guest quarters. The 950+ sq ft basement adds even more flexibility — laundry area,with its own 1/2 bath, as well as a large open room ready to become a game room, additional sleeping area, or the anchor of a POTENTIAL private studio apartment with an existing kitchenette AND a 3/4 bath, a genuinely compelling option for rental income, or used for multigenerational family living. A large, oversized 2 CAR HEATED garage provides abundant covered storage and workspace — a true Alaska necessity. The Property The lot is a standout. Mature privacy hedges, established landscaping, a darling garden house out back, raised garden bed potential, a circular driveway, and a patio bench tucked beside the sunroom — it all adds up to outdoor living that feels intentional and established. And the location? You’ll watch the beloved Golden Days Parade roll right past from the comfort of your own yard. This home needs updating and vision — but its character, the history, the location, and the sheer possibility here are everything. Properties like this don’t come along often. BUYERS CAN MOVE INTO THIS HOME RIGHT AWAY. MAKE A REASONABLE OFFER FOR THE ESTATE TO CONSIDER!!

1514 Second Avenue, Fairbanks

$8,750,000
159244 MLS
This property started life out originally as a 60 unit summer only hotel with electric heat. Owners went through the property stripping it entirely to the studs. Updating everything from the studs forward, combining 3 units to make two, ending up with 44 units. With the updated windows, remote wall insulating ( 9 inches of insulation on outside wall of building) High efficiently boilers, radiant floor on all 4 levels have all brough the cost to heat this building to only 37 cents per square foot, per year. No, that's not a typo, it actually is only 37 cents per square foot a year to heat! ($10,500/year) Some apartment complexes spend that in a month! Property has an elevator that access four floors, making it ADA compliant. Current configuration is a high-end multiplex. Property would be wells suited for a contracting company needing office space and housing. Gross income is over $713,000/year.

1533 Lacey 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

$1,275,000
158759 MLS
Position your business or investment in the heart of Fairbanks’ established Van Horn Road commercial and industrial corridor. This well-built Butler-style building offers prominent Van Horn Road frontage and a versatile combination of warehouse, office, and retail space. The warehouse portion is fully fenced and ready for immediate use, while the front office and retail areas offer an excellent opportunity for customization with updated paint, flooring, and other cosmetic improvements. The sale includes two lots totaling just under two acres, providing ample room for equipment storage, fleet parking, outdoor operations, snow storage, or future building expansion. With its central location, secure yard, flexible building layout, and expansion potential, this property is well suited for contractors, distributors, service businesses, warehouse users, retailers, or an owner-user seeking a strong commercial location with room to grow.

2200 Van Horn Road, Fairbanks

$490,000
158123 MLS
Welcome to 11 Bonnie Avenue—a prime fourplex investment property in the heart of Fairbanks with unbeatable access to both lifestyle amenities and major commute routes. Nestled just off College Road, this location connects directly to the University of Alaska Fairbanks on one end and Fort Wainwright on the other, with Fairbanks’ main shopping district right in between. Situated on 0.30 acres and offering a total of 2,994 square feet, this multi-family zoned property features a solid concrete block foundation, two-by-six construction, and a pitched roof added in recent years to replace the original flat roof. The building is configured with three two-bedroom, one-bath units and one one-bedroom, one-bath unit—offering a total of seven bedrooms and four bathrooms across four fully separate living spaces. Tenants enjoy designated parking with up to 10 spots available, as well as front and rear access depending on the unit. The layout includes two units facing the street and two in the rear, providing a mix of privacy and convenience. Additional features include a shared shed, dedicated dumpster space for easy trash collection, and overflow parking on the side. Located near trail systems like Cramer's Field and some of the top-rated schools in Fairbanks, this property appeals to renters looking for a neighborhood feel with city convenience. With a gross annual income of $61,800 and a strong rental history, 11 Bonnie Avenue is an excellent opportunity for landlords seeking low-vacancy income in a desirable residential setting. Come take a look at this rare multi-family opportunity in one of Fairbanks’ most sought-after areas.

11 Bonnie Avenue, Fairbanks

$2,175,000
157596 MLS
This building has seen many faces, it's your turn to pick what's next! This place could serve as a church, maybe you want to open a restaurant bar and grill? Possibility for cultivation and retail all in the same space for the cannibus industry. With prime frontage on the Old Steese Highway, this building can handle it all! Consisting of two levels, you will find a large open area downstairs which would allow for tables, dancing, just about anything you could think of. You will also find a stage, multiple potential bar areas, a large and partially set up area that use to house a large commercial kitchen area. There is both mens and a women's restroom on the lower level that have been fully remodeled. Upstairs has more room for tables, dance floors, another bar, and more! There is a large conference room for personal use or would be great for private parties. Another fully remodeled mens and women's bathroom, a private office as well as private restroom and more storage are just a few of the extras here. Lots of great Fairbanks history with this building, and now it is available for the next great idea.

700 Old Steese Highway, Fairbanks