NHN 19TH AVENUE, Fairbanks, AK 99701
Local realty services provided by:CENTURY 21 Gold Rush
NHN 19TH AVENUE,Fairbanks, AK 99701
$3,750,000
- 30 Beds
- - Baths
- 15,330 sq. ft.
- Multi-family
- Active
Listed by: jerry lymburner
Office: powered by lymburner realty
MLS#:160405
Source:AK_GFBOR
Price summary
- Price:$3,750,000
- Price per sq. ft.:$244.62
About this home
PROPOSED 15-UNIT APARTMENT DEVELOPMENT | BUILD-TO-SUIT MULTIFAMILY INVESTMENT OPPORTUNITY Bring your multifamily investment vision to life with this proposed 15-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 fifteen spacious 2-bedroom, 2-bath units ranging from approximately 894 SF on the first floor to 1,025 SF on the second and third floors. Planned amenities include modern floor plans, in-unit laundry, dedicated parking, bike storage, and attractive finishes designed 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 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'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 $360k/Year based off local rental data. The 19th Avenue location is being utilized to showcase the development concept and potential, with permission from the current property owner and listing brokerage. 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....
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Home facts
- Year built:2026
- Listing ID #:160405
- Added:1 day(s) ago
- Updated:June 18, 2026 at 05:39 PM
Rooms and interior
- Bedrooms:30
- Kitchen Description:Dishwasher, Microwave, Range/Oven
- Living area:15,330 sq. ft.
Heating and cooling
- Heating:Natural Gas, Radiant Floor
Structure and exterior
- Roof:Shingle
- Year built:2026
- Building area:15,330 sq. ft.
- Lot area:0.61 Acres
- Construction Materials:Vinyl
- Exterior Features:Deck/Patio
- Foundation Description:Poured Concrete
Schools
- High school:Lathrop
- Middle school:Ryan
- Elementary school:Hunter
Utilities
- Water:Public
Finances and disclosures
- Price:$3,750,000
- Price per sq. ft.:$244.62
Features and amenities
- Laundry features:Kitchen
- Amenities:Cable TV, High Speed Internet, Luxury Vinyl Planking, Smoke Detectors, Solid Type Countertops, Telephone Service, Triple Pane Windows, Vinyl Windows
Parking
- Total parking spaces:15
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