NHN 19th Avenue, Fairbanks, AK 99701
Overview
Description
Supplements: ... (Read more) 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.
Thank you for reading this post, don't forget to subscribe!Listing Details MLS# 26-8086
Contract Info
- Price-List
- 2950000
- Date-Listing
- 2026-07-02
- Foreclosure/Bank Own
- No
Location Tax and Legal
- Area
- 720 - Southeast Fairbanks
- Street #
- NHN
- Street Name
- 19th Avenue
- Closest USPS Town
- Fairbanks
- State
- AK
- Zip Code
- 99701
- Subdivision Name
- BJERREMARK
Property Info
- Realtor.com Type
- Multi-Family
- Construction Status
- New - To Be Built
- Gen Contr/Owner Bldr
- General Contractor
- Beds
- 24
- Bathrooms Full
- 24
- Bathrooms Total
- 24
- Bldgs-Ttl #
- Yes
- Year Built
- 2027
- SF-Res
- 10300
- Number of Units
- 12
- SF-Lot
- 26650
- Acres
- 0.61
- Prkg Spcs
- 24
- Lot Area Source
- Tax Authority
- Zoning
- MF - Multiple Family Residential
- Bathrooms Half
- 0
- Bathrooms Three Quarter
- 0
- Garage Spaces
- 0
- Carport Spaces
- 0
Directions and Remarks
- Directions
- Airport Way to Gillam Way. Righton19th Ave, lots on left.
General Contractor
- Contractor/Bldr Name
- Byler Contracting
- Contractor License #
- 16384
- Res Const Endorse #
- RESR1642
Currently Not Used
- Subdivision Name
- BJERREMARK
More Information
Location, Tax and Legal
- Region
- 3 - Interior & North Alaska Regions - All
- Borough/Census Area
- 3C - Fairbanks North Star Borough
- Grid # (Muni Anch)
- N/A
- Tax Map #-Mat-Su
- N/A
- Legal
- LOT 12 BLOCK 51 BJERREMARK
- School-Elementary
- Hunter
- School-Middle
- Ryan
- School-High
- Lathrop
Multi-Family Type
- Multi Family
- Yes
Exterior Finish
- Vinyl
- Yes
Heating
- Natural Gas
- Yes
- Oil
- Yes
- Radiant Floor
- Yes
Roof Type
- Shingle
- Yes
Construction Type
- Wood Frame - 2x6
- Yes
Foundation Type
- Poured Concrete
- Yes
Wtrfrnt-Access Near
- None
- Yes
Garage Type
- None
- Yes
Wtrfrnt-Frontage
- None
- Yes
Carport Type
- None
- Yes
Flooring
- Luxury Vinyl
- Yes
Sewer-Type
- Public Sewer
- Yes
Water Source
- Public
- Yes
Access Type
- Paved
- Yes
- Maintained
- Yes
Docs Avl for Review
- Floor Plan
- Yes