About This Home

This 7-bedroom, 11-bathroom residential multi family at 612 11TH AVENUE in Fairbanks, AK is listed for $524,900 ($76 per sqft). Built in 1971, the home offers 6,874 sqft of living space on a 0.20 acres lot.

Key Features

  • Built in 1971
  • 0.20 acre lot
  • 11 parking spaces

Property Details

11 spaces
1971

Amenities

View
Listing Description

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 the 4th 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. Property is heated by District steam Heat for a substantially lower cost than gas or oil. 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 $80.00 a sq/ft. What a Deal.

Monthly Cost Estimate

$2,807/mo

20% down · 6.5% · 30 years

Principal$380
Interest$2,275
Insurance$153

Estimates only. Actual payments may vary.

Location

612 11TH AVENUE

Fairbanks, AK 99701

Fairbanks Townsite

Features & Amenities

Exterior Features

Cable TVDeck/PatioFixer-UpperHigh Speed InternetTelephone Service

Property Details

Construction

2x6

Views

City

Outdoor Features

Patio

Heating

BaseboardHot Water(Heating)

Questions & Answers

This 7-bedroom, 11-bathroom residential multi family at 612 11TH AVENUE is listed at $524,900 ($76/sqft). The estimated monthly payment is $2,807 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1971, 0.20 acre lot, 11 parking spaces. Exterior Features: Cable TV, Deck/Patio, Fixer-Upper.

This property is listed by Rich Harter.

RH

Rich Harter

Agent at Alaska Life Realty

Listed by Alaska Life Realty · Broker phone: (907) 322-5888 · View on Broker Site · Broker website

MLS# 161396· Source: Greater Fairbanks Board-Realtors· 39 days on PropertySimple

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.

612 11TH AVENUE, Fairbanks, AK 99701

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