L12 B51 19th Avenue, Fairbanks, AK 99701
Local realty services provided by:CENTURY 21 Realty Solutions
L12 B51 19th Avenue,Fairbanks, AK 99701
$2,950,000
- 24 Beds
- 24 Baths
- 10,300 sq. ft.
- Multi-family
- Active
Listed by: jerry lymburner
Office: powered by lymburner realty
MLS#:26-8086
Source:AK_AMLS
Price summary
- Price:$2,950,000
- Price per sq. ft.:$286.41
About this home
PROPOSED 12-UNIT APARTMENT DEVELOPMENT | BUILD-TO-SUIT MULTIFAMILY INVESTMENT OPPORTUNITY. Take advantage of theboroughs 10 year Tax exemption with this build!* Bring your multifamily investment vision to life with this proposed 12-unit apartmentdevelopment. 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, thisproject 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, theproperty is well-positioned to attract healthcare professionals, military personnel, government employees, and other residents seekingconvenient access to work, recreation, and everyday amenities. The combination of nearby employment centers and essential services helpssupport year-round rental demand and long-term investment potential. The proposed three-story apartment building features twelve spacious 2-bedroom, 1 & 2 bath units ranging from approximately 712 SF on the first floor to 838 SF on the second and third floors. Planned amenitiesinclude modern floor plans, in-unit laundry, dedicated parking, bike storage, and attractive finishes designed to appeal to today's renters whilesupporting 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 totheir investment strategy before construction begins. Whether your objective is to expand a multifamily 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'smarket. With strong rental demand, a highly desirable central Fairbanks location, and the ability to work directly with an experienced Alaskamultifamily builder, this is an exceptional opportunity to take a proven apartment development concept from plan to reality. Annual gross rentsare projected at $288k/Year based off local rental data. The 19th Avenue location is being utilized to showcase the development concept andpotential. 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. See Fairbanks North Star Borough for Tax exemption details....
Contact an agent
Home facts
- Year built:2027
- Listing ID #:26-8086
- Added:6 day(s) ago
- Updated:July 13, 2026 at 03:56 PM
Rooms and interior
- Bedrooms:24
- Total bathrooms:24
- Full bathrooms:24
- Living area:10,300 sq. ft.
Structure and exterior
- Roof:Shingle
- Year built:2027
- Building area:10,300 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:$2,950,000
- Price per sq. ft.:$286.41
New listings near L12 B51 19th Avenue
- New
$395,000Active4 beds 3 baths1,864 sq. ft.1141 HAYES AVENUE, Fairbanks, AK 99709
MLS# 160692Listed by: OP REALTY GROUP - New
$319,900Active2 beds 1 baths883 sq. ft.3347 WHITE SPRUCE DRIVE, Fairbanks, AK 99705
MLS# 160689Listed by: ALASKA LIFE REALTY - New
$575,000Active3 beds 3 baths1,764 sq. ft.665 KENTSHIRE DRIVE, Fairbanks, AK 99709
MLS# 160690Listed by: RUSSO REALTY - New
$589,000Active4 beds 3 baths3,274 sq. ft.925 DEREK DRIVE, Fairbanks, AK 99712
MLS# 160691Listed by: EXP REALTY, LLC - New
$265,000Active3 beds 2 baths1,560 sq. ft.1429 WESTMORELAND AVE., FAIRBANKS, AK 99712
MLS# 160687Listed by: MAJORS REALTY GROUP, LLC - New
$399,900Active3 beds 3 baths2,432 sq. ft.763 HIGH GRADE WAY, Fairbanks, AK 99712
MLS# 160686Listed by: NORTHERN PIONEER REALTY - New
$194,000Active3 beds 3 baths2,300 sq. ft.790 QUASAR DRIVE, Fairbanks, AK 99712
MLS# 160685Listed by: GOLD STANDARD REAL ESTATE SERVICES, LLC - New
$235,000Active1 beds 1 baths1,018 sq. ft.1479 TESLIN TRAIL, Fairbanks, AK 99709
MLS# 160684Listed by: HEDGECOCK GROUP REAL ESTATE, LLC - New
$169,900Active2 beds 1 baths1,900 sq. ft.3075 DARLING AVENUE, Fairbanks, AK 99709
MLS# 160682Listed by: ALASKA REAL ESTATE COMPANY - New
$299,900Active3 beds 2 baths982 sq. ft.1330 SOLITAIRE COURT, Fairbanks, AK 99705
MLS# 160681Listed by: SOMERS SOTHEBY'S