1533 LACEY STREET, Fairbanks, AK 99701
Local realty services provided by:CENTURY 21 Gold Rush
1533 LACEY STREET,Fairbanks, AK 99701
$8,750,000
- - Beds
- - Baths
- 28,204 sq. ft.
- Multi-family
- Active
Listed by: ray brasier
Office: brasier realty
MLS#:159243
Source:AK_GFBOR
Price summary
- Price:$8,750,000
- Price per sq. ft.:$310.24
About this home
As close to a new multifamily build as you can get in Fairbanks today! This fully remodeled apartment building, originally constructed as a 60 unit hotel and thoughtfully converted into 44 modern residential units. The Building was remote- walled insulated adding 9 inches to the exterior making the walls 15" thick, making it extremely efficient, only using approximately $10,000 a year in natural gas. Every unit has been updated to meet contemporary standards, creating an efficient, attractive living environment that supports strong tenant demand and long-term stability. Ideally located close to downtown, with convenient access to shopping centers, parks, and schools, the property benefits from a prime, centralized setting that appeals to a wide range of renters. The layout and scale provide excellent operational efficiency while maintaining flexibility for future value-add strategies. With approximately $713,000 in annual income, this property stands out as a solid, income-producing investment well-suited for both seasoned investors and those looking to expand their multifamily portfolio. A turnkey opportunity combining location, scale, and proven cash flow
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Home facts
- Year built:1974
- Listing ID #:159243
- Added:23 day(s) ago
- Updated:February 10, 2026 at 03:24 PM
Rooms and interior
- Living area:28,204 sq. ft.
Heating and cooling
- Heating:Natural Gas, Radiant Floor
Structure and exterior
- Roof:Membrane
- Year built:1974
- Building area:28,204 sq. ft.
- Lot area:0.79 Acres
Schools
- High school:Lathrop
- Middle school:Tanana
- Elementary school:Ann Wien
Utilities
- Water:Public
Finances and disclosures
- Price:$8,750,000
- Price per sq. ft.:$310.24
- Tax amount:$43,219
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