About This Home

This 0-bedroom, 0-bathroom single family at 622 11TH AVENUE #632 11Th Ave, 635 & 639 10Th Ave in Fairbanks, AK is listed for $5,375,000 ($207 per sqft). Built in 1972, the home offers 26,000 sqft of living space on a 0.70 acres lot.

Key Features

  • Built in 1972
  • 0.70 acre lot
  • 34 parking spaces

Property Details

34 spaces
#632 11Th Ave, 635 & 639 10Th Ave
1972
Listing Description

34-Unit Investment Opportunity in the Heart of Fairbanks! Positioned near downtown, this gated and secured multifamily property offers immediate scale, strong income, and an attractive cap rate over 8%. The property features a diverse unit mix designed to appeal to a broad tenant base, including 14 spacious three-bedroom, two-bath units, with the remaining 20 units offering one-bedroom floor plans across five different layouts.

Originally constructed in 1972, the property has benefited from significant capital improvements, including a new roof in 2022 and new windows in 2015. Most units feature durable LVP flooring, with carpet on the lower level. The building utilizes steam heat, and each unit includes access to an exterior vehicle plug-in, an essential amenity for Interior Alaska winters.

With 34 units, controlled access, established income, an 8.5% cap rate, and major exterior improvements already completed, this is a compelling opportunity for an investor looking to acquire a substantial multifamily asset in the Fairbanks market. Whether expanding an existing portfolio or making a significant entry into Interior Alaska multifamily, this property offers the combination of scale, income, and location that is increasingly difficult to find.

Monthly Cost Estimate

$28,747/mo

20% down · 6.5% · 30 years

Principal$3,887
Interest$23,292
Insurance$1,568

Estimates only. Actual payments may vary.

Location

622 11TH AVENUE #632 11Th Ave, 635 & 639 10Th Ave

Fairbanks, AK 99709

Fairbanks Townsite

Questions & Answers

This 0-bedroom, 0-bathroom single family at 622 11TH AVENUE is listed at $5,375,000 ($207/sqft). The estimated monthly payment is $28,747 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1972, 0.70 acre lot, 34 parking spaces.

This property is listed by Rylieh Bodyfelt.

RB

Rylieh Bodyfelt

Agent at Somers & Associates REALTORS, Inc.

Listed by Somers & Associates REALTORS, Inc. · Broker phone: (907) 347-3622 · Broker website

MLS# 161406· Source: Greater Fairbanks Board-Realtors· 38 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.

622 11TH AVENUE #632 11Th Ave, 635 & 639 10Th Ave, Fairbanks, AK 99709

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