$599,90011 bd · 11 ba · 6,874 sqft
1 / 15Just Listed
Active
612 11th Avenue
Fairbanks AK 99701
Alaska Life Realty
11
Bedrooms
11
Bathrooms
6,874
Sq Ft
1971
Year Built
$87/sqft00.2 acres lot
MLS# 26-12331· Listed Sep 24, 2026
Live MLS feedAbout This Home
See more for additional full detailed remarks on this 11 plex. Great investment opportunity on this 11 plex located in downtown Fairbanks, needs some work but a little sweat equity will go a long way with the potential for high yields. Seller just got done installing a brand new $100,000 roof on (9-1-2026), heating upgrades and a fully remodeled unit. Out of the 11 units there are currently only 6 rented that bring in $5325.00 per month. out of the 4 studio units, 3 are already gutted and the4th needs gutted. the one remaining 1 bedroom is ready to be put back together with doors and cabinets and tub on site. There are also 2 extra rooms in the basement that are not included in the 11 units. Show your creative side and turn this apartment building into a downtown investment property for the long term. At its current list price that is putting the property at just under $88.00 a sq/ft. What a Deal.
Property Details
Property TypeResidential Income
Full Baths11
Garage Spaces0
Year Built1971
Lot Size0.2 acres
Legal DescriptionL3, B116, Fairbanks Townsite
Parcel #040959
Annual Taxes$5,452 (2026)
MLS #26-12331
Heating
Baseboard
Sewer
Public Sewer
Equal Housing Opportunity
Listed by: Rich Harter · Alaska Life Realty
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Mortgage Estimate
Down payment10% · $59,990
Interest rate7.0%
Loan term30 years
$3,592/mo
$539,910 loan · 30yr · 7.0%
Estimate only. Taxes & insurance not included. Rates vary by lender.
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