12-Unit Apartment
For Sale
$250,000
654 22ND AVENUE, Fairbanks, AK 99701
MULTI_FAMILY - Fairbanks, AK
Property Size4,680 SF
Lot Size0.34 Acres
Price / SF$53.42
Days on Market14
Property Features for 654 22ND AVENUE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multiple-Family Residenti
Bedrooms
8
Bathrooms
12
Rooms
Bedroom 5, Bathroom 10, Bathroom 12, Bedroom 2, Bathroom 9, Bedroom 3, Bedroom 8, Bathroom 11, Bathroom 8, Bedroom 7, Bedroom 6, Bedroom 1, Bathroom 2, Bathroom 4, Bathroom 5, Bathroom 1, Bedroom 4, Bathroom 3, Bathroom 6, Bathroom 7
Parking
12
Appliances
Range/Oven, Refrigerator
Subdivision
South Cushman
Elementary school
Hunter
Middle school
Ryan
High school
Lathrop
Directions
South on South Cushman, R on 22nd. Property on the Right.
Standard status
Active
APN
0099856
Size
4,680 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Annual Amount
2066
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1949
Building materials
2x4
Roof type
Membrane, Metal
Listing Agency:
RUSSO REALTY
(907) 458-8850
Listed By:
Jane Russo
(907) 322-4825
Added: Jul 27
Changed: Aug 3
Last Checked: Aug 9 at 1:06PM
MLS# 160943
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 12-unit apartment property includes four efficiency units and eight one-bedroom apartments within 4,680 square feet. The building dates to 1949 and is equipped with forced-air heating, public water, ranges, and refrigerators. Four apartments are currently rented, while additional units require rebuilding. The property is offered as-is, and existing tenants are on month-to-month arrangements.
The sale includes two adjacent lots totaling 0.34 acres. One of those lots is used for tenant parking. The property is located at 654 22nd Avenue in Fairbanks, Alaska, and features membrane and metal roofing with 2x4 construction materials.
The sale includes two adjacent lots totaling 0.34 acres. One of those lots is used for tenant parking. The property is located at 654 22nd Avenue in Fairbanks, Alaska, and features membrane and metal roofing with 2x4 construction materials.
Key Highlights
- 12‑unit apartment property with 4 efficiencies and 8 one‑bedroom apartments
- 4,680 square feet on 0.34 acres
- Two adjacent lots included; one lot is used for tenant parking
Property Analytics
Property Profile
Current Use
Lease Details
12
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment property with efficiency and one-bedroom units, adjacent lots, and tenant parking.
Where is this apartment building located?
The property is located at 654 22ND AVENUE Fairbanks, AK.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 12‑unit apartment property with 4 efficiencies and 8 one‑bedroom apartments; 4,680 square feet on 0.34 acres; Two adjacent lots included; one lot is used for tenant parking
