253 Romans Way, Fairbanks, AK 99701

$450,000
Property Type: Multi-Family Bedrooms: 10 Baths: 10 Square Footage: 7,000 Lot Size (sq. ft.): 21,065 Status: Active
Current Price: $450,000 Last Modified: 7/20/2026

Overview

Description

Rare, high-density investment opportunity! Versatile 10-bedroom, 10-bathroom multiplex offers steady income-stream, & located in prime location. Perfectly configured for a group home, supportive housing network, or specialized residential care facility, expansive complex with balance of community spaces and private residential units, ready for new owners!

Supplements: Approximately $10,600 rental income. Current rents priced below AHFC market rates, providing the opportunity to optimize rents and maximize the portfolio's yield.

Listing Details MLS# 26-7527

Contract Info

Price-List
450000
Date-Listing
2026-06-22
Foreclosure/Bank Own
No

Location Tax and Legal

Area
720 - Southeast Fairbanks
Street #
253
Street Name
Romans
Arterial
Way
Closest USPS Town
Fairbanks
State
AK
Zip Code
99701

Property Info

Realtor.com Type
Multi-Family
Construction Status
Existing Structure
Beds
10
Bathrooms Full
10
Bathrooms Total
10
Bldgs-Ttl #
Yes
Year Built
1959
SF-Res
7000
Number of Units
10
SF-Lot
21065
Acres
0.48
Carport Spaces
10
Prkg Spcs
10
Lot Area Source
Tax Authority
Zoning
GC - General Commercial
Bathrooms Half
0
Bathrooms Three Quarter
0
Garage Spaces
0

Directions and Remarks

Directions
Take Cushman/Old Richardson Hwy Exit, continue on 30th Ave, Left on Leasure St., Right on Romans Way

Building Info

Units-# of 1 BR
5
Units- # of 2 BR
2

Mortgage Info

EM Minimum Deposit
4700

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
Leasure L3 B5
School-Elementary
Hunter
School-Middle
Ryan
School-High
Lathrop

Multi-Family Type

Multi Family
Yes

To Show

ShowingTime
Yes

Listing Terms Financing

AHFC
Yes
Conventional
Yes

Heating

Unknown
Yes

Foundation Type

Unknown - BTV
Yes

Wtrfrnt-Access Near

None
Yes

Wtrfrnt-Frontage

None
Yes

Sewer-Type

Unknown
Yes

Water Source

Unknown-BTV
Yes

Features-MultiFamily

Fire Sprinkler System
Yes
Laundry Facility
Yes

Property Features

Multi-Family Type: Multi Family Foundation Type: Unknown - BTV Heating: Unknown Sewer-Type: Unknown Water Source: Unknown-BTV Wtrfrnt-Frontage: None Wtrfrnt-Access Near: None Features-MultiFamily: Fire Sprinkler System; Laundry Facility To Show: ShowingTime Listing Terms Financing: AHFC; Conventional
IDX
Listing Office: Next Level Realty, LLC
Last Updated: July - 20 - 2026
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.