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Triplex with Geothermal Heating
New
For Sale
$464,900

941 LINCOLNWOOD DRIVE, Fairbanks, AK 99705

MULTI-FAMILY, Fairbanks, AK

Property Size2,103 SF
Lot Size0.80 Acres
Price / SF$221.07
Days on Market5

Property Features for 941 LINCOLNWOOD DRIVE

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning General Use District - 1
Bedrooms 3
Bathrooms 3
Rooms Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bathroom 2
Parking 6
Window features Triple Pane Windows
Patio and Porch features Patio
Interior features Smoke Detectors, Vaulted Ceiling, Luxury Vinyl Planking
Exterior features Cable TV, Deck/Patio, High Speed Internet, Natural, Telephone Service
Appliances Range/Oven, Microwave, Smoke Detector, Refrigerator, Washer, Dryer, Ceiling Fan
Subdivision Lakloey P4
View Territorial
Elementary school Ticasuk Brown
Middle school N. Pole Middle
High school N. Pole High
Directions 1st Badger Rd exit to Right on Lincolnwood Drive, to the end, continue onto gravel road straight ahead, road turns, triplex on right.
Standard status Active
APN 703738
Size 2,103 SF
Lot size 0.80 Acres

Utilities

Heating system Geothermal (Heating), Forced Air, Heat Pump (Heating)
Water source Well

Amenities

washer and dryer

Building Details

Year built 2019
Building materials 2x8
Roof type Shingle
Listing Agency: SUMMIT REALTY GROUP
Listed By: Zeb Mabie · License #362
Added: Sep 4 Changed: Sep 5 Last Checked: Sep 8 at 3:06AM
MLS# 161235

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.

Built in 2019, this triplex contains three one-bedroom, one-bath units totaling 2,103 square feet. Each residence measures 680 square feet and features an open kitchen, dining, and living arrangement, vaulted ceilings, natural light, and a washer and dryer. Geothermal heating with forced air, heat pump service, luxury vinyl plank flooring, patios, and decks add to the property’s functional design. The property occupies 0.8 acres and is served by a private well.

Located between Fairbanks and North Pole, the property provides access to both communities and a commute to Fort Wainwright and Eielson. It is zoned General Use District - 1. The property is currently producing an 8.5% cap rate after expenses, and the source information identifies it as meeting the 1% rule.

Key Highlights

  • Three one‑bedroom, one‑bath units totaling 2,103 square feet
  • Each unit contains 680 square feet of living space
  • 2019 construction on a 0.8‑acre parcel

Property Analytics

Current Use

Triplexes

Lease Details

3
Residential units

Location Intelligence

Demographics for 99705, AK

22,040
Population
9,091
Households
2.4
Avg Household Size
33
Median Age
26%
College-Educated
93%
High-School Grad
143.0 sq mi
ZIP Area
154
Density / Sq Mi
$96,966
Median Household Income
$55,041
Median Earnings
$1,496
Median Rent
$290,100
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three one-bedroom residences offer open layouts, vaulted ceilings, in-unit laundry, and natural light.
Where is this triplex located?
The property is located at 941 LINCOLNWOOD DRIVE Fairbanks, AK.
What is the asking price?
The asking price for this property is $464,900.
What are key features of this property?
This property features: Three one‑bedroom, one‑bath units totaling 2,103 square feet; Each unit contains 680 square feet of living space; 2019 construction on a 0.8‑acre parcel
More about this property
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