Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Delta Junction 8-Plex Title is generated by Realmo AI

    3004 FALES ROAD, Delta Junction, AK 99737

    View on Map
    Claim this Listing
    New
    For Sale
    $989,000

    MULTI_FAMILY - Delta Junction, AK

    Property size:
    10,836 SF
    Lot size:
    3.87 Acres
    Price / SF:
    $91/SF
    Added:
    May 30, 2026
    Days on Market:
    2
    Last Refresh:
    May 31 at 4:06 pm

    Property Features for 3004 FALES ROAD

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    15
    Bathrooms
    8
    Rooms
    Bathroom 1, Bedroom 5, Bedroom 10, Bedroom 13, Bedroom 14, Bedroom 6, Bedroom 1, Bathroom 5, Bedroom 15, Bathroom 6, Bedroom 4, Bedroom 12, Bedroom 2, Bathroom 8, Bathroom 3, Bedroom 7, Bedroom 3, Den, Bedroom 8, Bedroom 11, Bathroom 2, Bathroom 4, Bathroom 7, Bedroom 9
    Parking
    8
    Window features
    Double Pane Windows, Vinyl Frames, Triple Pane Windows
    Patio and Porch features
    Patio
    Interior features
    Smoke Detectors, Vaulted Ceiling, Walk In Closets
    Exterior features
    Deck/Patio, High Speed Internet, RV Parking, Telephone Service
    Appliances
    Range/Oven, Microwave, Dishwasher, Smoke Detector, Refrigerator, Washer, Dryer, Blinds, Curtain Rods, Drapes
    Standard status
    Active
    Size
    10,836 SF
    Lot size
    3.87 Acres

    Utilities

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

    Building Details

    Year built
    1984
    Number of units
    8
    Building materials
    2x6
    Roof type
    Metal

    We can help!

    Listing Contact
    Debbie Joslin
    Debbie Joslin

    Listing agent Debbie Joslin License #RECS18494

    Listing office DEBBIE JOSLIN REALTY, LLC 2395 Kimball St, Delta Junction, AK

    Listing date May 30, 2026

    MLS# 160200 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

    • Well‑maintained 8‑plex featuring seven 2‑bedroom units and one 1‑bedroom unit.
    • One‑car garage for each apartment, including one for the owner.
    • Newer, high‑efficiency Veismann boilers provide efficient heating.
    • Recent upgrades include a newer roof, gutters, double‑pane vinyl windows, and fresh exterior paint.
    • Coin‑operated laundry and Starlink internet service available for tenants.
    • Wide and well‑maintained lobby and public hallways.

    Overview

    This well-maintained 10,836 square foot building in Delta Junction, AK, features seven 2-bedroom units and one 1-bedroom unit. Each apartment has a one-car garage. The property includes a coin-operated laundry. The landlord is responsible for heat and sanitation. Recent upgrades include a newer roof, gutters, double pane vinyl windows, and a fresh exterior paint job. The lobby and public hallways are wide and well cared for. The property also features newer Veismann boilers for high efficiency and Starlink internet service. The lot size is 3.87 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Delta Junction
    County
    Southeast Fairbanks
    State
    Alaska
    Longitude
    -145.5927952
    Latitude
    64.07925975

    Nearby Similar for Sale

    • $345,000
      2,800 SF

      Delta Junction Duplex on 5 Acres

      Well-designed duplex on 5 acres, great investment opportunity.
      2830 HANNAN ROAD, Delta Junction, AK 99737
      View Details
    • $399,000
      3,256 SF

      Delta Junction Mixed-Use Property

      Mixed-use property with residential and commercial potential in Delta Junction.
      1407 GRIZZLY LANE, Delta Junction, AK 99737
      View Details
    • $328,000
      3,000 SF

      Delta Junction Multifamily Income Property

      Energy-efficient duplex with garage near paved highway, no HOA/taxes.
      4599 Tanana Loop Road, Delta Junction, AK 99737
      View Details
    • $599,000
      3,256 SF

      Mixed-Use Property in Delta Junction

      Two-unit property suitable for residential and commercial use.
      1407 GRIZZLY LANE, Delta Junction, AK 99737
      View Details
    • $485,000
      4,000 SF

      Well-Maintained Delta Junction Duplex

      Move-in ready duplex with spacious units and recent updates.
      2615 GALENA STREET, Delta Junction, AK 99737
      View Details

    FAQs

    What type of property is this?
    Apartment building - Well-maintained 8-plex with garages and recent upgrades.
    Where is this apartment building located?
    The property is located at 3004 FALES ROAD Delta Junction, AK.
    What is the asking price?
    The asking price for this property is $989,000.
    What are key features of this property?
    This property features: Well‑maintained 8‑plex featuring seven 2‑bedroom units and one 1‑bedroom unit.; One‑car garage for each apartment, including one for the owner.; Newer, high‑efficiency Veismann boilers provide efficient heating.
    (907) 450-9440
    We can help!
    Listing Contact
    Debbie Joslin
    Debbie Joslin
    Real Estate License ID: RECS18494
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3004 FALES ROAD, Delta Junction, AK 99737
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!