Remodeled 44-Unit Apartment
For Sale
$8,750,000
1533 LACEY STREET, Fairbanks, AK 99701
MULTI-FAMILY, FAIRBANKS, AK
Property Size28,204 SF
Lot Size0.79 Acres
Price / SF$310.24
Days on Market250
Property Features for 1533 LACEY STREET
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
General Commercial Distri
Bedrooms
24
Bathrooms
44
Rooms
Bathroom 2, Bathroom 18, Bathroom 1, Bedroom 14, Bathroom 16, Bathroom 5, Bedroom 15, Bathroom 42, Bedroom 6, Bedroom 7, Bathroom 7, Bathroom 11, Bathroom 12, Bathroom 15, Bathroom 19, Bedroom 9, Bathroom 28, Bedroom 12, Bedroom 10, Bedroom 4, Bedroom 19, Bedroom 16, Bathroom 8, Bathroom 4, Bathroom 36, Bedroom 13, Bedroom 20, Bathroom 33, Bathroom 26, Bathroom 3, Bedroom 17, Bedroom 23, Bathroom 44, Bathroom 23, Bathroom 13, Bedroom 18, Bathroom 37, Bedroom 11, Bedroom 2, Bedroom 1, Bedroom 21, Bedroom 22, Bathroom 24, Bedroom 3, Bathroom 6, Bathroom 35, Bathroom 39, Bathroom 41, Bathroom 10, Bathroom 43, Bedroom 5, Bathroom 14, Bathroom 38, Bathroom 40, Bathroom 17, Bathroom 30, Bedroom 24, Bathroom 22, Bathroom 21, Bathroom 32, Bathroom 9, Bedroom 8, Bathroom 20, Bathroom 34, Bathroom 27, Bathroom 31, Bathroom 29, Bathroom 25
Parking
40
Interior features
Luxury Vinyl Planking
Exterior features
Fence, Handicap Access, High Speed Internet
Fencing
Fenced
Accessibility
Accessible Approach with Ramp
Appliances
Range/Oven
Subdivision
Gateway
Elementary school
Ann Wien
Middle school
Tanana
High school
Lathrop
Directions
Airport to South Cushman, Left on16th Ave, turn left onto Lacey Street, Apartments on the Right.
Standard status
Active
APN
629729
Size
28,204 SF
Lot size
0.79 Acres
Taxes and HOA fees
Tax Annual Amount
43220
Utilities
Heating system
Radiant Floor, Radiant
Water source
Public
Building Details
Year built
1974
Number of units
44
Building materials
Furred Out
Roof type
Membrane
Listing Agency:
BRASIER REALTY
Listed By:
Ray Brasier · License #RECA14650
(907) 750-3920
Added: Jan 20
Changed: Sep 16
Last Checked: Sep 27 at 5:06PM
MLS# 159243
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.
This remodeled apartment building contains 44 residential units within 28,204 square feet on a 0.79-acre site. Originally constructed in 1974 as a 60-unit hotel, the property was converted to its current multifamily configuration. Improvements include updated interiors, luxury vinyl plank flooring, radiant floor heating, a membrane roof, public water, and a fenced exterior. The building was furred out and insulated with an additional 9 inches at the exterior, resulting in 15-inch walls.
The property is located near downtown Fairbanks with access to shopping centers, parks, and schools. Exterior features include handicap access, a ramped approach, and high-speed internet. Range/oven appliances are provided, and the residential units include individual bedrooms and bathrooms.
The property is located near downtown Fairbanks with access to shopping centers, parks, and schools. Exterior features include handicap access, a ramped approach, and high-speed internet. Range/oven appliances are provided, and the residential units include individual bedrooms and bathrooms.
Key Highlights
- 44 residential units in a 28,204‑square‑foot apartment building
- 0.79‑acre property near downtown Fairbanks, shopping centers, parks, and schools
- Originally constructed in 1974 as a 60‑unit hotel and converted to multifamily use
Property Analytics
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Current Use
Lease Details
44
Residential units
Location Intelligence
Demographics for 99701, AK
18,357
Population
8,757
Households
2.1
Avg Household Size
34
Median Age
25%
College-Educated
93%
High-School Grad
545.2 sq mi
ZIP Area
34
Density / Sq Mi
$73,551
Median Household Income
$41,782
Median Earnings
$1,233
Median Rent
$235,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Remodeled multifamily property with residential units, radiant floor heating, fenced grounds, and access near downtown Fairbanks.
Where is this apartment building located?
The property is located at 1533 LACEY STREET Fairbanks, AK.
What is the asking price?
The asking price for this property is $8,750,000.
What are key features of this property?
This property features: 44 residential units in a 28,204‑square‑foot apartment building; 0.79‑acre property near downtown Fairbanks, shopping centers, parks, and schools; Originally constructed in 1974 as a 60‑unit hotel and converted to multifamily use
