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Triplex Short-Term Rental Conversion
For Sale
$899,900

109 FIFTH AVENUE, North Pole, AK 99705

MULTI_FAMILY - North Pole, AK

Property Size6,415 SF
Lot Size0.41 Acres
Price / SF$140.28
Days on Market121

Property Features for 109 FIFTH AVENUE

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning General Commercial Distri
Bedrooms 10
Bathrooms 5
Rooms Bedroom 9, Bathroom 5, Family Room, Bedroom 4, Bedroom 6, Bedroom 7, Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 4, Bedroom 2, Bedroom 10, Bedroom 5, Bedroom 8, Bedroom 3, Bedroom 1, Dining Room
Parking 6
Window features Triple Pane Windows, Vinyl Frames, Double Pane Windows, Wood Frames
Patio and Porch features Patio
Interior features Smoke Detectors, Vaulted Ceiling, Walk In Closets
Exterior features Deck/Patio, Garden Area, Handicap Access
Accessibility Accessible Approach with Ramp
Appliances Range/Oven, Microwave, Dishwasher, Refrigerator
Subdivision Davis
Elementary school Midnight Sun
Middle school N. Pole Middle
High school N. Pole High
Directions Richardson Highway to North Pole, to Santa Clause Lane, to Left at 5th Avenue, Home is on the Left.
Standard status Active
APN 0112682
Size 6,415 SF
Lot size 0.41 Acres

Taxes and HOA fees

Tax Annual Amount 9427

Utilities

Heating system Hot Water(Heating), Baseboard
Water source Public

Building Details

Year built 1952
Number of units 3
Building materials 2x6
Roof type Shingle
Listing Agency: NEXTHOME ARCTIC SUN
Listed By: Melissa Richardson · License #RECS18401,PersonLicenseNumber
Added: Apr 8 Changed: Aug 3 Last Checked: Aug 6 at 10:06PM
MLS# 159764

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.

Investment Insights

Based on property information with market context.

Triplex property currently reconfigured into three short-term rental (STR) units, offering a flexible layout for an investor or owner-operator. The building totals approximately 6,415 square feet including the basement and features 10 bedrooms and 5 bathrooms. Interior features include smoke detectors, vaulted ceilings, and walk-in closets. Appliances include a range/oven, microwave, dishwasher, and refrigerator. Outdoor amenities include a patio and garden area, with handicap access via an accessible approach ramp.

Improvements were made over time, beginning with a remodel after purchase in 2011. In 2012, a large bedroom was added on the front corner along the 5th Avenue side next to the living room. A substantial 2013 addition on the 4th Avenue side expanded the building with four bedrooms, two bathrooms, an entry, and a laundry area, enabling operation as an assisted living facility and adding storage and mechanical space. In 2022, the property was remodeled and reconfigured into the current three STR units. Water is supplied by public sources, and the home has a shingle roof. Construction includes 2x6 materials, with hot water heat and baseboard heating.

Set on a 0.41-acre lot, this 1952-built property sits within General Commercial District zoning.

Key Highlights

  • Reconfigured into three short‑term rental (STR) units
  • Approximately 6,415 SF including basement; 10 bedrooms and 5 bathrooms
  • 0.41‑acre lot with patio and garden area

Property Analytics

Current Use

Eagles Wings Assisted ... Nursing Home

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Demographics for 99705, AK

22,040
Population
9,091
Households
2.4
Avg Household Size
33
Median Age
26%
College-Educated
93%
High-School Grad
143.0 sq mi
ZIP Area
154
Density / Sq Mi
$96,966
Median Household Income
$55,041
Median Earnings
$1,496
Median Rent
$290,100
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Triplex property with a three-unit short-term rental setup, handicap access, and vaulted ceilings in North Pole, Alaska.
Where is this triplex located?
The property is located at 109 FIFTH AVENUE North Pole, AK.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Reconfigured into three short‑term rental (STR) units; Approximately 6,415 SF including basement; 10 bedrooms and 5 bathrooms; 0.41‑acre lot with patio and garden area
More about this property
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