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Duplex with Heated Garage-Shop
For Sale
$288,000

193 MADCAP LANE, Fairbanks, AK 99712

RESIDENTIAL, 2 Story, Fairbanks, AK

Property Size2,000 SF
Lot Size0.21 Acres
Price / SF$144
Days on Market71

Property Features for 193 MADCAP LANE

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning Multiple-Family Residenti
Bedrooms 4
Bathrooms 3
Full bathrooms 2
Half bathrooms 1
Rooms Den, Bedroom 4, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 2
Patio and Porch features Patio
Interior features Smoke Detectors, Laminate Flooring, Luxury Vinyl Planking
Exterior features Deck/Patio, RV Parking, Fence, Shop/Workshop, Lawn, Covered Deck/Patio
Fencing Fenced
Appliances Range/Oven, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Subdivision Ballaine Lake
Elementary school University Park
Middle school Tanana
High school West Valley
Directions Farmers Loop to Madcap, Duplex on left
Standard status Active
APN 0251003
Size 2,000 SF
Lot size 0.21 Acres

Taxes and HOA fees

Tax Annual Amount 7157

Utilities

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

Amenities

rooftop deck
heated garage/shop

Building Details

Year built 1963
Floors in Building 2
Building materials 2x6
Roof type Metal
Architectural style Other
Additional Structures Workshop
Listing Agency: ALASKA LIFE REALTY
Listed By: Rich Harter · License #RECS17863
Added: Jul 2 Changed: Sep 5 Last Checked: Sep 10 at 7:06AM
MLS# 160575

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 2,000-square-foot duplex in Fairbanks contains two distinct living units. The lower residence offers three bedrooms and 1.5 bathrooms, while the upper unit has one bedroom and one bathroom. Recent work includes an updated kitchen and bathroom in the upper unit. Both residences include access to a range, dishwasher, microwave, refrigerator, washer, and dryer.

A detached heated garage and workshop measures 20' x 40' and adds substantial utility for storage, projects, or vehicle use. The property also includes an oversized rooftop deck, patio areas, RV parking, fencing, lawn space, a metal roof, and public water service. Built in 1963, the home sits on 0.2136 acres at 193 MADCAP LANE in Fairbanks, Alaska.

Key Highlights

  • Two‑unit duplex with 3‑bedroom and 1.5‑bath lower unit plus 1‑bedroom and 1‑bath upper unit
  • 2,000 square feet on a 0.2136‑acre lot
  • Heated garage and workshop measuring 20' x 40'

Property Analytics

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Current Use

Duplexes

Lease Details

2
Residential units

Location Intelligence

Demographics for 99712, AK

13,309
Population
6,037
Households
2.2
Avg Household Size
40
Median Age
37%
College-Educated
96%
High-School Grad
3,264.1 sq mi
ZIP Area
4
Density / Sq Mi
$103,494
Median Household Income
$60,387
Median Earnings
$987
Median Rent
$292,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

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

What type of property is this?
Duplex - Two-unit property with an updated upper-level kitchen and bath, plus a rooftop deck and fenced outdoor areas.
Where is this duplex located?
The property is located at 193 MADCAP LANE Fairbanks, AK.
What is the asking price?
The asking price for this property is $288,000.
What are key features of this property?
This property features: Two‑unit duplex with 3‑bedroom and 1.5‑bath lower unit plus 1‑bedroom and 1‑bath upper unit; 2,000 square feet on a 0.2136‑acre lot; Heated garage and workshop measuring 20' x 40'
More about this property
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