$2,950,000
NHN 19th Avenue
Fairbanks, AK 99701
MLS# 26-8086
24 beds  |  24 baths  |  10300 sqft


Main
  1 / 6  
Main 12 Plex 1st Floor 12 Plex 2nd Floor 12 Plex 3rd Floor 12 Plex Ext 12 Plex Interior

Property Description
PROPOSED 12-UNIT APARTMENT DEVELOPMENT | BUILD-TO-SUIT MULTIFAMILY INVESTMENT OPPORTUNITY. Take advantage of theboroughs 10 year Tax exemption with this build!* Bring your multifamily investment vision to life with this proposed 12-unit apartmentdevelopment. Positioned on three city lots in central Fairbanks, this proposed apartment complex presents a rare opportunity to develop a modern rental

Details
Maps
Currently Not Used
Subdivision Name: BJERREMARK
Contract Info
Foreclosure/Bank Own: No
Price-List: 2950000
Date-Listing: 2026-07-02
Status: Active
Property Info
Realtor.com Type: Multi-Family
Construction Status: New - To Be Built
Gen Contr/Owner Bldr: General Contractor
Bathrooms Half: 0
Bathrooms Three Quarter: 0
Bathrooms Full: 24
Bathrooms Total: 24
Bldgs-Ttl #: 1
Acres: 0.61
SF-Lot: 26650
Lot Area Source: Tax Authority
Zoning: MF - Multiple Family Residential
Garage Spaces: 0
Carport Spaces: 0
Prkg Spcs: 24
Beds: 24
Year Built: 2027
SF-Res: 10300
Number of Units: 12
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: LOT 12 BLOCK 51 BJERREMARK
School-Elementary: Hunter
School-Middle: Ryan
School-High: Lathrop
Directions and Remarks
Directions: Airport Way to Gillam Way. Righton19th Ave, lots on left.
Multi-Family Type
Multi Family: 1
General Contractor
Contractor/Bldr Name: Byler Contracting
Contractor License #: 16384
Res Const Endorse #: RESR1642
Exterior Finish
Vinyl: 1
Heating
Natural Gas: 1
Oil: 1
Radiant Floor: 1
Roof Type
Shingle: 1
Construction Type
Wood Frame - 2x6: 1
Foundation Type
Poured Concrete: 1
Wtrfrnt-Access Near
None: 1
Garage Type
None: 1
Wtrfrnt-Frontage
None: 1
Carport Type
None: 1
Flooring
Luxury Vinyl: 1
Sewer-Type
Public Sewer: 1
Water Source
Public: 1
Access Type
Paved: 1
Maintained: 1
Docs Avl for Review
Floor Plan: 1
Location Tax and Legal
Area: 720 - Southeast Fairbanks
Street #: NHN
Street Name: 19th Avenue
Closest USPS Town: Fairbanks
State: AK
Zip Code: 99701
Subdivision Name: BJERREMARK
Property Features
Multi-Family Type: Multi Family
Exterior Finish: Vinyl
Roof Type: Shingle
Foundation Type: Poured Concrete
Construction Type: Wood Frame - 2x6
Garage Type: None
Carport Type: None
Heating: Natural Gas; Oil; Radiant Floor
Sewer-Type: Public Sewer
Water Source: Public
Access Type: Paved; Maintained
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: None
Flooring: Luxury Vinyl
Docs Avl for Review: Floor Plan
Supplements
community in one of Fairbanks' strongest multifamily markets. Designed to meet the continued demand for quality housing, thisproject offers investors the ability to partner with an established Alaska builder to create a long-term income-producing asset. Location matters,and this project delivers. Situated near Fairbanks Memorial Hospital, Fort Wainwright, schools, parks, shopping, and downtown Fairbanks, theproperty is well-positioned to attract healthcare professionals, military personnel, government employees, and other residents seekingconvenient access to work, recreation, and everyday amenities. The combination of nearby employment centers and essential services helpssupport year-round rental demand and long-term investment potential. The proposed three-story apartment building features twelve spacious 2-bedroom, 1 & 2 bath units ranging from approximately 712 SF on the first floor to 838 SF on the second and third floors. Planned amenitiesinclude modern floor plans, in-unit laundry, dedicated parking, bike storage, and attractive finishes designed to appeal to today's renters whilesupporting tenant retention and occupancy performance. Unlike a traditional new construction offering, construction has not yet commenced.This creates a unique opportunity for investors and developers to customize the project, modify specifications, and tailor the development totheir investment strategy before construction begins. Whether your objective is to expand a multifamily portfolio, complete a 1031 exchange,develop workforce housing, or create a new apartment community in Fairbanks, this project offers a level of flexibility rarely found in today'smarket. With strong rental demand, a highly desirable central Fairbanks location, and the ability to work directly with an experienced Alaskamultifamily builder, this is an exceptional opportunity to take a proven apartment development concept from plan to reality. Annual gross rentsare projected at $288k/Year based off local rental data. The 19th Avenue location is being utilized to showcase the development concept andpotential. The proposed apartment design may also be adapted to another suitable development site based on a buyer's goals, location preferences, and project requirements. Larger projects are available, inquire for details. See Fairbanks North Star Borough for Tax exemption details.

IDX
Listing Office: Powered By Lymburner Realty

Last Updated: July - 02 - 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.