# 1533 LACEY STREET, Fairbanks, AK 99701-0000

> **TL;DR:** 24bd/44ba residential multi family, $8,750,000 ($310/sqft), built 1974, 28,204 sqft. Est. $37,917/mo. Listed 157 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $8,750,000 |
| Price/sqft | $310 |
| Bedrooms | 24 |
| Bathrooms | 44 |
| Square Feet | 28,204 |
| Year Built | 1974 |
| Lot Size | 34,412 sqft (0.79 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 157 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $37,917 |
| **Total** | **$37,917** |

## Nearby Schools

- **Elementary:** Ann Wien
- **Middle:** Tanana
- **High:** Lathrop

## Property Highlights

- Built in 1974
- 0.79 acre lot
- 40 parking spaces

## Description

### Agent Description
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

## Location

- **Address:** 1533 LACEY STREET, Fairbanks, AK 99701-0000
- **Neighborhood:** Gateway
- **Coordinates:** 64.833219, -147.714912
- **Google Maps:** https://www.google.com/maps?q=64.833219,-147.714912

## Listing Agent

- **Name:** Ray Brasier
- **Brokerage:** BRASIER REALTY
- **Phone:** 9077503920
- **Email:** FbkRealty@gmail.com

## Primary Photo

![1533 LACEY STREET - Primary Photo](http://lh.rdcpix.com/3f264e1bcb1dbe2582f996c039d63144l-f582035752r.jpg)

*31 total photos available on [listing page](https://www.propertysimple.com/listing/1533-lacey-street-fairbanks-ak-99701-0000-k159243)*

---

**MLS#:** 159243 | **Updated:** 2026-06-25
**Source:** listhub

*Copyright © 2026 Greater Fairbanks Board-Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1533-lacey-street-fairbanks-ak-99701-0000-k159243)

---

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