12-Unit Apartment
For Sale
$175,000
654 22Nd Avenue, Fairbanks, AK 99701
Twelve-unit property offers mixed efficiency and one-bedroom layouts with two adjacent lots.
Property Size15,000 SF
Price / SF$11.67
Days on Market27
Property Features for 654 22Nd Avenue
General Information
Standard status
Active
Size
15,000 SF
Property subtype
Multi-Family
Property Condition
Severity
Major Repairs Needed
Evidence
units need to be rebuilt
Units
Unit Mix
4 x efficiency, 8 x one-bedroom apartment
Multifamily Units
12
Building Details
Year Built
1949
Listing Agency:
The Real Estate Collective
Listed By:
Gary Gallemore · License #154233
(907) 371-3070
Source:
Alaskapropertyadvisors
Added: Aug 8
Changed: Sep 3
Last Checked: Sep 2 at 5:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Real Estate Collective
Investment Insights
Based on property information with market context.
This 12-unit apartment property at 654 22nd Avenue in Fairbanks was built in 1949 and includes four efficiency units plus eight one-bedroom apartments. The property is being offered in its current condition, with four apartments occupied and additional units requiring rebuilding work.
Two adjoining lots are included. One is used for tenant parking, adding functional outdoor space to the apartment operation. Existing tenants are on month-to-month arrangements, providing a straightforward occupancy structure for the current ownership.
Two adjoining lots are included. One is used for tenant parking, adding functional outdoor space to the apartment operation. Existing tenants are on month-to-month arrangements, providing a straightforward occupancy structure for the current ownership.
Key Highlights
- Four efficiency units and eight one‑bedroom apartments
- Two adjacent lots included with the property
- One adjoining 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
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Frequently Asked Questions
What type of property is this?
Apartment building - Twelve-unit property offers mixed efficiency and one-bedroom layouts with two adjacent lots.
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 $175,000.
What are key features of this property?
This property features: Four efficiency units and eight one‑bedroom apartments; Two adjacent lots included with the property; One adjoining lot is used for tenant parking
