L11-13 B51 19th Avenue, Fairbanks, AK 99701
Local realty services provided by:CENTURY 21 Realty Solutions
L11-13 B51 19th Avenue,Fairbanks, AK 99701
$1,950,000
- 10 Beds
- 10 Baths
- 6,730 sq. ft.
- Multi-family
- Active
Listed by: jerry lymburner
Office: powered by lymburner realty
MLS#:26-8088
Source:AK_AMLS
Price summary
- Price:$1,950,000
- Price per sq. ft.:$289.75
About this home
PROPOSED 10-UNIT APARTMENT DEVELOPMENT | BUILD-TO-SUIT MULTIFAMILY INVESTMENT OPPORTUNITY. Take advantage of the boroughs 10 year Tax exemption with this build!* Bring your multifamily investment vision to life with this proposed 10-unit apartment development. Positioned on three city lots in central Fairbanks, this proposed apartment complex presents a rare opportunity to develop a modern rental community in one of Fairbanks' strongest multifamily markets. Designed to meet the continued demand for quality housing, this project offers investors the ability to partner with an established Alaska builder to create a long-term income-producing asset. Location matters, and this project delivers. Situated near Fairbanks Memorial Hospital, Fort Wainwright, schools, parks, shopping, and downtown Fairbanks, the property is well-positioned to attract healthcare professionals, military personnel, government employees, and other residents seeking convenient access to work, recreation, and everyday amenities. The combination of nearby employment centers and essential services helps support year-round rental demand and long-term investment potential. The proposed three-story apartment building features ten spacious 1bedroom, 1 bath units. Planned amenities include modern floor plans, in-unit laundry, dedicated parking, bike storage, and attractive finishesdesigned to appeal to today's renters while supporting tenant retention and occupancy performance. Unlike a traditional new construction offering, construction has not yet commenced. This creates a unique opportunity for investors and developers to customize the project, modify specifications, and tailor the development to their investment strategy before construction begins. Whether your objective is to expand a multi-family portfolio, complete a 1031 exchange, develop workforce housing, or create a new apartment community in Fairbanks, this project offers a level of flexibility rarely found in today's market. With strong rental demand, a highly desirable central Fairbanks location, and the ability to work directly with an experienced Alaska multifamily builder, this is an exceptional opportunity to take a proven apartment development concept from plan to reality. Annual gross rents are projected at $198k/Year based off local rental data. The 19th Avenue location is being utilized to showcase the development concept and potential. The proposed apartment design may also be adapted to another suitable development site based on a buyer's goals, location preferences, and project requirements. Larger projects are available, inquire for details. SeeFairbanks North Star Borough for Tax exemption details....
Contact an agent
Home facts
- Year built:2027
- Listing ID #:26-8088
- Added:68 day(s) ago
- Updated:September 13, 2026 at 02:34 PM
Rooms and interior
- Bedrooms:10
- Total bathrooms:10
- Full bathrooms:10
- Living area:6,730 sq. ft.
Structure and exterior
- Roof:Shingle
- Year built:2027
- Building area:6,730 sq. ft.
- Lot area:0.61 Acres
- Construction Materials:Wood Frame - 2x6
- Foundation Description:Concrete Perimeter
Schools
- High school:Lathrop
- Middle school:Ryan
- Elementary school:Hunter
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,950,000
- Price per sq. ft.:$289.75
New listings near L11-13 B51 19th Avenue
- New
$449,900Active3 beds 2 baths2,100 sq. ft.720 WAVES ROAD, Fairbanks, AK 99709
MLS# 161290Listed by: HEDGECOCK GROUP REAL ESTATE, LLC - New
$29,000Active2.29 Acres810 DUCKWOOD COURT, Fairbanks, AK 99701
MLS# 161284Listed by: EXP REALTY, LLC - New
$60,000Active2 beds -- baths1,028 sq. ft.690 MOON MULLEN LANE, Fairbanks, AK 99712
MLS# 161285Listed by: SOMERS SOTHEBY'S - New
$400,000Active2 beds 3 baths1,614 sq. ft.1366 GILMORE TRAIL, Fairbanks, AK 99712
MLS# 161281Listed by: OP REALTY GROUP - New
$379,900Active3 beds 1 baths1,460 sq. ft.1812 CENTRAL AVENUE, Fairbanks, AK 99709
MLS# 161282Listed by: BRASIER REALTY - New
$370,000Active4 beds 2 baths1,714 sq. ft.4063/4065 IRIS LANE, Fairbanks, AK 99709
MLS# 161283Listed by: HEDGECOCK GROUP REAL ESTATE, LLC - New
$179,900Active3 beds 2 baths1,218 sq. ft.1228 DENALI WAY, Fairbanks, AK 99701
MLS# 161280Listed by: OP REALTY GROUP - New
$235,000Active4 beds 3 baths1,920 sq. ft.114 PEPPERDINE DRIVE, Fairbanks, AK 99709
MLS# 161279Listed by: SUMMIT REALTY GROUP - New
$235,000Active2 beds 1 baths1,080 sq. ft.665 10TH AVENUE, Fairbanks, AK 99701
MLS# 161277Listed by: EMPIRE REALTY, LLC - New
$374,900Active3 beds 2 baths2,280 sq. ft.1606 RED FOX DRIVE, Fairbanks, AK 99709
MLS# 161275Listed by: HEDGECOCK GROUP REAL ESTATE, LLC