44-Unit Apartment Building
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 Market203
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 8, Bathroom 19, Bedroom 1, Bedroom 15, Bathroom 18, Bathroom 20, Bathroom 34, Bathroom 35, Bathroom 36, Bedroom 21, Bathroom 25, Bathroom 1, Bedroom 19, Bathroom 14, Bathroom 22, Bedroom 18, Bathroom 28, Bathroom 30, Bathroom 17, Bedroom 20, Bathroom 32, Bathroom 15, Bedroom 8, Bathroom 29, Bathroom 37, Bathroom 41, Bathroom 10, Bathroom 26, Bedroom 24, Bathroom 12, Bedroom 23, Bathroom 4, Bedroom 3, Bathroom 31, Bathroom 6, Bedroom 6, Bathroom 9, Bathroom 27, Bedroom 9, Bathroom 13, Bathroom 43, Bathroom 24, Bathroom 5, Bedroom 17, Bedroom 12, Bedroom 22, Bedroom 16, Bedroom 7, Bedroom 4, Bathroom 11, Bedroom 13, Bathroom 39, Bathroom 40, Bathroom 38, Bathroom 2, Bathroom 7, Bathroom 21, Bathroom 16, Bedroom 14, Bathroom 42, Bedroom 10, Bedroom 5, Bedroom 11, Bathroom 44, Bathroom 33, Bathroom 23, Bedroom 2, Bathroom 3
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, Radiant Floor
Water source
Public
Building Details
Year built
1974
Number of units
44
Building materials
Furred Out
Roof type
Membrane
Listing Agency:
BRASIER REALTY
(907) 750-3920
Listed By:
Ray Brasier · License #RECA14650
(907) 750-3920
Added: Jan 20
Changed: Aug 5
Last Checked: Aug 11 at 11:06PM
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 fully remodeled apartment building offers 44 modern residential units. Originally constructed as a 60 unit hotel, the property was thoughtfully converted into apartment-style living. Built in 1974, the building uses remote-walled insulation, with 9 inches added to create 15" thick exterior walls designed for efficiency. Interior updates include luxury vinyl planking, and heating is provided by radiant floor systems. The roof is membrane, and the property is served by public water.
The building is located on a 0.79-acre site totaling 28,204 square feet. Exterior features include fencing, high speed internet, and handicap access with an accessible approach ramp, supporting more inclusive access to the building and units.
The property’s combination of extensive interior updates, efficient exterior wall assembly, and operationally focused conversion from hotel use into residential units makes it a compelling multifamily building for buyers seeking a remodeled apartment asset.
The building is located on a 0.79-acre site totaling 28,204 square feet. Exterior features include fencing, high speed internet, and handicap access with an accessible approach ramp, supporting more inclusive access to the building and units.
The property’s combination of extensive interior updates, efficient exterior wall assembly, and operationally focused conversion from hotel use into residential units makes it a compelling multifamily building for buyers seeking a remodeled apartment asset.
Key Highlights
- 44 modern residential units converted from a 60 unit hotel
- 0.79‑acre site totaling 28,204 SF
- Remote‑walled insulation adds 9 inches for 15" thick exterior walls
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully remodeled 44-unit apartment building with radiant floor heating and handicap-accessible features.
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 modern residential units converted from a 60 unit hotel; 0.79‑acre site totaling 28,204 SF; Remote‑walled insulation adds 9 inches for 15" thick exterior walls
