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$575,000
4 Beds 2 Baths 160793 MLS
Set on 3.83 acres, this one-of-a-kind Fairbanks property offers an exceptional blend of comfortable living, expansive garage and shop space, additional accommodations, and room to enjoy the Alaskan lifestyle. The primary residence features approximately 1,440 square feet of inviting living space, with the added convenience of an attached 2,100+ square foot shop and garage. The oversized shop provides abundant space for vehicles, recreational equipment, tools, storage, hobbies, or year-round projects—an increasingly hard-to-find feature for homeowners seeking both comfort and functionality. A fully attached apartment adds even more flexibility and was previously operated as a successful Airbnb. This additional living space could be used for extended family, guests, a caretaker, long-term rental income, or continued short-term rental use, subject to applicable requirements. The property also includes an impressive approximately 800-square-foot greenhouse, offering excellent potential for gardening, food production, plant cultivation, or extending the Interior Alaska growing season. Zoned General Use-1 by the Fairbanks North Star Borough, the property provides flexibility for a variety of residential and permitted uses. Its spacious acreage offers privacy, room for outdoor recreation, vehicle and equipment storage, and the ability to create a property that fits your lifestyle. Conveniently located near fuel, dining, and everyday services, the property offers a peaceful setting without sacrificing accessibility. A gas station, convenience store, brewhouse, casual dining, and other amenities are located within approximately one mile. With acreage, a comfortable residence, a substantial attached shop, a separate apartment, and a large greenhouse, this property presents a rare opportunity for buyers seeking space, versatility, income potential, and a truly unique Alaskan home.

2000 Steese Highway, Fairbanks

$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

$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