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    Remodeled Multifamily Building in Fairbanks Title is generated by Realmo AI

    1533 LACEY STREET, Fairbanks, AK 99701

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    Claim this Listing
    For Sale
    $8,750,000

    MULTI_FAMILY - FAIRBANKS, AK

    Property size:
    28,204 SF
    Lot size:
    0.79 Acres
    Price / SF:
    $310/SF
    Added:
    Jan 20, 2026
    Days on Market:
    155
    Last Refresh:
    Jun 24 at 3:06 am

    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
    Bedroom 3, Bedroom 21, Bedroom 7, Bedroom 18, Bedroom 16, Bathroom 21, Bedroom 24, Bedroom 1, Bathroom 5, Bathroom 29, Bathroom 22, Bedroom 14, Bathroom 33, Bathroom 43, Bathroom 38, Bedroom 17, Bathroom 14, Bathroom 1, Bedroom 9, Bathroom 36, Bedroom 11, Bedroom 13, Bathroom 35, Bathroom 31, Bathroom 34, Bedroom 15, Bedroom 22, Bathroom 2, Bathroom 40, Bedroom 5, Bathroom 25, Bathroom 18, Bathroom 27, Bedroom 23, Bathroom 7, Bedroom 8, Bathroom 23, Bathroom 16, Bedroom 10, Bathroom 28, Bathroom 32, Bathroom 42, Bathroom 37, Bathroom 3, Bathroom 17, Bathroom 6, Bathroom 4, Bathroom 30, Bedroom 2, Bathroom 9, Bathroom 10, Bathroom 11, Bathroom 20, Bathroom 24, Bathroom 44, Bedroom 20, Bedroom 4, Bedroom 19, Bathroom 12, Bathroom 8, Bathroom 13, Bathroom 15, Bathroom 19, Bathroom 39, Bathroom 26, Bathroom 41, Bedroom 6, Bedroom 12
    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
    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

    We can help!

    Listing Contact
    Ray Brasier
    Ray Brasier

    Listing agent Ray Brasier License #RECA14650

    Listing office BRASIER REALTY 105 Adak Street Ste 101, Fairbanks, AK

    Listing date Jan 20, 2026

    MLS# 159243 Listing URL

    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.

    HighLights

    • Substantial Annual Income: Approximately $713,000, a solid income‑producing investment.
    • Fully Remodeled and Modernized: Converted into 44 modern residential units with updated interiors.
    • Energy Efficient Design: Remote‑walled insulation significantly reduces natural gas usage.
    • Prime Centralized Location: Convenient access to downtown, shopping centers, parks, and schools.
    • Turnkey Opportunity: A ready‑to‑operate property.
    • High Tenant Demand: Attractive living environment supports strong tenant demand.

    Overview

    This fully remodeled apartment building in Fairbanks was originally constructed as a 60-unit hotel and converted into 44 modern residential units. The building was remote-walled insulated, adding 9 inches to the exterior, making the walls 15 inches thick. The property uses approximately $10,000 a year in natural gas. Every unit has been updated to meet contemporary standards, creating an efficient, attractive living environment. The property is ideally located close to downtown, with convenient access to shopping centers, parks, and schools. The property benefits from a prime, centralized setting. The layout and scale provide operational efficiency while maintaining flexibility for future value-add strategies. With approximately $713,000 in annual income, this property is a solid, income-producing investment. The property is a turnkey opportunity combining location, scale, and proven cash flow. The lot size is 0.79 acres and the property size is 28,204 square feet. The zoning is General Commercial District.
    Location Intelligence

    Current Use by Public Records

    Lacey Lofts Apartment Building

    Map

    City
    Fairbanks
    County
    Yukon-Koyukuk
    State
    Alaska
    Longitude
    -147.714912
    Latitude
    64.833219

    FAQs

    What type of property is this?
    Apartment building - 44-unit apartment building near downtown Fairbanks with strong income.
    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: Substantial Annual Income: Approximately $713,000, a solid income‑producing investment.; Fully Remodeled and Modernized: Converted into 44 modern residential units with updated interiors.; Energy Efficient Design: Remote‑walled insulation significantly reduces natural gas usage.
    More about this property
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