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11-Unit Apartment Building

612 11TH AVENUE, Fairbanks, AK 99701

For Sale
$524,900
Pending

MULTI-FAMILY, Fairbanks, AK

Property Size6,874 SF
Lot Size0.20 Acres
Days on Market52

Property Features for 612 11TH AVENUE

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Multiple-Family Residenti
Bedrooms 7
Bathrooms 11
Rooms Bedroom 3, Bedroom 7, Bedroom 5, Bathroom 2, Bathroom 10, Bedroom 6, Bedroom 4, Bathroom 3, Bathroom 5, Bathroom 6, Bathroom 9, Bathroom 1, Bathroom 7, Workshop, Bedroom 1, Bathroom 11, Bathroom 4, Bedroom 2, Bathroom 8
Parking 11
Patio and Porch features Patio
Exterior features Cable TV, Deck/Patio, Fixer-Upper, High Speed Internet, Telephone Service
Subdivision Fairbanks Townsite
View City
Elementary school Joy
Middle school Ryan
High school Lathrop
Directions Cushman St, west on 11th. Property is on the right.
Standard status Pending
APN 040959
Size 6,874 SF
Lot size 0.20 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Annual Amount 5452

Utilities

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

Building Details

Year built 1971
Number of units 11
Building materials 2x6
Roof type Flat, Membrane
Listing Agency: ALASKA LIFE REALTY
Listed By: Rich Harter · License AK RECS17863
Added: Sep 24 Changed: Nov 5 Last Checked: Nov 14 at 12:06AM
MLS# 161396

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.

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

The 11-unit apartment building contains four studio apartments, three of which have been gutted; the fourth also requires gutting. One additional one-bedroom unit needs doors, cabinets, and a tub installed, with those items already on site. Two basement rooms are separate from the 11 apartments. The property also has a remodeled unit and heating upgrades. District steam heat serves the building, which was constructed in 1971 and includes 6,874 square feet on a 0.2-acre lot.

A new membrane roof was installed on 9-1-2026. The property is located in downtown Fairbanks, Alaska.

Key Highlights

  • 11‑unit apartment building with four studio units
  • 6,874 square feet on a 0.2‑acre lot
  • Three studio units are gutted; a fourth requires gutting

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

11
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - District steam heat, recent heating improvements, and a remodeled apartment are among the building’s existing features.
Where is this apartment building located?
The property is located at 612 11TH AVENUE Fairbanks, AK.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: 11‑unit apartment building with four studio units; 6,874 square feet on a 0.2‑acre lot; Three studio units are gutted; a fourth requires gutting
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