$8,750,000
Fairbanks, AK 99701
MLS# 26-2211
50 beds | 44 baths | 28204 sqft
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Property Description
Originally a 60-unit summer hotel, this property was rebuilt from the studs up and reconfigured into 44 modern units. Upgrades include new windows, 9 inches of exterior insulation, high-efficiency boilers, and radiant floor heat on all four levels. Heating costs average just $0.37 per sq ft annually $10,500/year. Elevator access makes all floors ADA compliant. Gross income $713,000 per year.
Details
Maps
Documents
Contract Info
Foreclosure/Bank Own: No
Price-List: 8750000
Date-Listing: 2026-03-03
Status: Active
Location, Tax and Legal
Region: 3 - Interior & North Alaska Regions - All
Borough/Census Area: 3C - Fairbanks North Star Borough
Grid # (Muni Anch): N/A
Tax Map #-Mat-Su: N/A
Legal: Gateway B5 L3,4,5,6,7
Taxes (Estimated): 42345
Tax Year: 2025
School-Elementary: Ann Wien
School-Middle: Tanana
School-High: Lathrop
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Bathrooms Half: 0
Bathrooms Three Quarter: 0
Bathrooms Full: 44
Bathrooms Total: 44
Bldgs-Ttl #: 1
Acres: 0.79
SF-Lot: 34200
Lot Area Source: Tax Authority
Zoning: GU1 - General Use
Garage Spaces: 0
Carport Spaces: 0
Prkg Spcs: 44
Beds: 50
Year Built: 1974
SF-Res: 28204
Number of Units: 44
Directions and Remarks
Directions: Airport to South Cushman, Left on16th Ave, turn left onto Lacey Street, Apartments on the Right.
Multi-Family Type
Apartment Style: 1
5+ Units: 1
Heating
Radiant Floor: 1
Foundation Type
Poured Concrete: 1
Wtrfrnt-Access Near
None: 1
Garage Type
None: 1
Wtrfrnt-Frontage
None: 1
Carport Type
None: 1
Sewer-Type
Public Sewer: 1
Water Source
Public: 1
Docs Avl for Review
Floor Plan: 1
Location Tax and Legal
Area: 710 - North Fairbanks
Street #: 1533
Street Name: Lacey
Arterial: Street
Closest USPS Town: Fairbanks
State: AK
Zip Code: 99701
Property Features
Multi-Family Type: Apartment Style; 5+ Units
Foundation Type: Poured Concrete
Garage Type: None
Carport Type: None
Heating: Radiant Floor
Sewer-Type: Public Sewer
Water Source: Public
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: None
Docs Avl for Review: Floor Plan
IGU Utility History 
IDX
Listing Office: Brasier Realty
Last Updated: March - 09 - 2026
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.