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Listing 60 out of 448
$284,900 For Sale

515 Farewell Avenue
Fairbanks, AK 99701

Multi Family Home
8999 sq ft lot - MLS# 141327
Property Photo


Investors! Here is a rare opportunity to pick up a 6-plex near the back gate of Ft. Wainwright. Owners report a low vacancy rate and each unit rents out from $700 to $900 a month with tenants paying their own electric in 4 out of the 6 units. A non-disclosure agreement is required to release financial data and the CAP rate is estimated to be in excess of 9%. If you are looking for an income producing property in a great location, here it is! New furnace 2014 and new water heater 2018. Exterior grading and parking rails with plug ins for vehicles in 2016.


  • Property Type: Multi Family Home
  • Sub Type: Six Plex
  • Listing Status: Active
  • County/Area: Fairbanks North Star Borough
  • Zip Code: 99701
  • Year Built: 1963
  • Age: 20 + Yrs.
  • Elementary School: Nordale
  • Middle School: Tanana
  • High School: Lathrop
  • Basement: Finished, Full Size
  • # of Parking Spaces: 12
  • Lot Size: 8999 sq ft lot
  • Zoning: Single-Family Residential Districts -10
  • # Of Bath Areas: 6
  • Bedrooms/Unit: One
  • Construction: 2x4
  • Exterior Finish: Aluminum
  • Fire Service: Public
  • Foundation: Concrete Block
  • Fuel Source: Oil
  • Heating: Forced Air
  • Interior Features: Laminate Floors, Smoke Detectors
  • Laundry: Coin-Op, Basement
  • Lot Sq. Ft.: 9000
  • Other Roms: Arctic Entry
  • Outside Parking Space/Unt: 2
  • Road Access: Paved
  • Road Service: Public
  • Roof: Flat, Membrane
  • Sewer: Public
  • Type Of Units 1 Bdrm: 5
  • Type Of Units Eff: 1
  • Water: Public
Courtesy of Madden Real Estate With Keller Williams Realty, Stacy Harvill

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