# 1533 LACEY STREET, Fairbanks, AK 99701

> **TL;DR:** single 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 |
| Square Feet | 28,204 |
| Year Built | 1974 |
| Lot Size | 34,412 sqft (0.79 acres) |
| Property Type | Single Family (Other) |
| Status | For Sale |
| Days on Market | 157 |

## Estimated Monthly Costs

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

## Property Highlights

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

## Description

### Agent Description
This property started life out originally as a 60 unit summer only hotel with electric heat. Owners went through the property stripping it entirely to the studs. Updating everything from the studs forward, combining 3 units to make two, ending up with 44 units. With the updated windows, remote wall insulating ( 9 inches of insulation on outside wall of building) High efficiently boilers, radiant floor on all 4 levels have all brough the cost to heat this building to only 37 cents per square foot, per year. No, that's not a typo, it actually is only 37 cents per square foot a year to heat! ($10,500/year) Some apartment complexes spend that in a month! Property has an elevator that access four floors, making it ADA compliant. Current configuration is a high-end multiplex. Property would be wells suited for a contracting company needing office space and housing. Gross income is over $713,000/year.

## Location

- **Address:** 1533 LACEY STREET, Fairbanks, AK 99701
- **Neighborhood:** Gateway
- **Coordinates:** 64.8278, -147.7114
- **Google Maps:** https://www.google.com/maps?q=64.8278,-147.7114

## 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/4f088e34f22abb3928032f2759d6d43el-f400348403r.jpg)

*35 total photos available on [listing page](https://www.propertysimple.com/listing/1533-lacey-street-fairbanks-ak-99701-k159244)*

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**MLS#:** 159244 | **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-k159244)

---

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