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612 11th Avenue
Fairbanks, AK 99701
1 day ago
NEW
$599,900
Active
11
Beds
11
Baths
6,874
Sqft
0.20
Acres
1971
Yr. Built
MLS# 26-12331
Cumulative Days on Market: Less than 1 · Includes prior listings · Currently listed since 09/24/26 · Data provided by the MLS.

Property Description

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.

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Property Highlights

Property Type
Residential Income
Property Sub Type
Multi Family
Bedrooms
11
Total Bathrooms
11
Living Area
6,874 Sqft
Price / Sqft
$87
Acres
0.20
Year Built
1971

Location

Area
3C - Fairbanks North Star Borough
City/Township
Fairbanks
Zoning
MF
Zoning Description
Multiple Family Residential

Lake/Waterfront Information

Waterfront Features
No Access, None

Property Details

Price
$599,900
Property Type
Residential Income
Property Sub Type
Multi Family

Building

Structure Type
Apartment Style, Up and Down
Total Area
6,874

Community

Local Schools

Elementary School
Joy
Middle School
Ryan
High School
West Valley

Interior Features

Bedrooms and Bathrooms

Total Bathrooms
11
Full Bathrooms
11
Bedrooms
11

Area and Spaces

Living Area
6,874 Sqft
Number of Units
11

Heating and Cooling

Heating Features
Baseboard

Building Details

Construction

Year Built
1971
Foundations
Block

Materials

Construction Materials
Wood Siding, Wood Frame - 2x6
Roof
Membrane, Rubber

Taxes

Tax

Tax (Annual)
$5,452.46

Heating, Cooling & Utilities

Utilities

Sewer
Public Sewer
Water Source
Public

Lot

Acres
0.20
Lot Size
8,712
Lot Size Area Sq Ft
8,712
Topography
Level
Road Surface
Paved
Listed by Alaska Life Realty
Listing Data last updated 09/24/2026 02:00 pm
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Property History

Today
Property information last updated
Today
Status Active. This is the date the listing was placed on market.
Cumulative Days on Market: Less than 1 days (includes prior listings) · Currently listed since September 24, 2026. Data provided by the MLS.

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612 11th Avenue - MLS#26-12331 - $599,900
Listed by Alaska Life Realty, Rich Harter