622 632 11th Avenue, Fairbanks, AK 99701 (MLS# 26-12465)

622 632 11th Avenue, Fairbanks, AK 99701

$5,375,000
Property Type: Multi-Family Bedrooms: 63 Baths: 48 Square Footage: 26,000 Lot Size (sq. ft.): 30,365 Status: Active
Current Price: $5,375,000 Last Modified: 9/28/2026

Overview

Description

Gated community 34plex in downtown Fairbanks,with convenience galore.Apartments stay full,with a cap rate over 8%,upgraded with new roof,updated windows, vehicle plug-ins for every unit, apartments have been upgraded with LVP, new appliances, new outside paint, reinforced decks. Also includes 635 & 639 10th Ave, 4 updated buildings, Family owned & operated, kept in top condition. Great investment!

Listing Details MLS# 26-12465

Contract Info

Price-List
5375000
Concessions YN
No
Date-Listing
2026-09-25
Foreclosure/Bank Own
No

Location Tax and Legal

Area
710 - North Fairbanks
Street #
622 632
Street Name
11th
Arterial
Avenue
Closest USPS Town
Fairbanks
State
AK
Zip Code
99701

Property Info

Realtor.com Type
Multi-Family
Construction Status
Existing Structure
Beds
63
Bathrooms Full
48
Bathrooms Total
48
Bldgs-Ttl #
4
Year Built
1977
Year Updated
2026
SF-Res
26000
Number of Units
34
SF-Lot
30364.98
Acres
0.7
Prkg Spcs
34
Lot Area Source
Tax Authority
Zoning
GC - General Commercial

Directions and Remarks

Directions
Cushman street, Turn Left on 10th Ave, Property on the left.Police station across the street Fire Dept very close

Building Info

Units-# of 1 BR
20
Units-# of 3 BR
14
Vacancy Rate
Yes

Mortgage Info

EM Minimum Deposit
53000

More Information

Property Features

Multi-Family Type: Multi Family Exterior Finish: Wood Roof Type: Bitumen/Torch Down; Membrane Foundation Type: Poured Concrete Construction Type: Wood Frame Garage Type: None Carport Type: None Heating: Baseboard Sewer-Type: Public Sewer Water Source: Public Access Type: Dedicated Road; Paved; Maintained View Type: City Lights; Mountains Topography: Level Wtrfrnt-Frontage: None Wtrfrnt-Access Near: None Features-MultiFamily: Covenants; CO Detector(s); In City Limits; Smoke Detector(s); Paved Driveway Flooring: Carpet; Linoleum; Luxury Vinyl To Show: ShowingTime Docs Avl for Review: Docs Posted on MLS Listing Terms Financing: 1031 Exchange; Cash; Conventional

Documents

IDX
Listing Office: Living Alaska Style Real Estate
Last Updated: September - 28 - 2026
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.

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