NHN 19TH AVENUE, Fairbanks, AK 99701 - Gold Standard Real Estate

$3,750,000

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.… Read More 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. Read Less

Courtesy of Jerry Lymburner, POWERED BY LYMBURNER REALTY, 907-802-2400.

Listing Snapshot

Days Online

Last Updated

Jun 19, 2026

Property Type

OTHER/SEE REMARKS

Lot Size

0.61 Acres

Year Built

2026

MLS Number

160405

Additional Details

Appliances & Equipment

Range/Oven, Microwave, Dishwasher, Smoke Detector, Ceiling Fan

Energy Saving

Five, Five +

Exterior Features

Cable TV, Deck/Patio, High Speed Internet, Telephone Service, Vinyl

Miscellaneous

Public

Utilities

Natural Gas

Heating

Radiant Floor

Interior Features

Smoke Detectors, Solid Type Countertops, Luxury Vinyl Planking

Laundry

Kitchen

Property Access

Road Access: maintained, paved, Road Service: public

Roof

Shingle

Property

View: city, Zoning: Multiple-Family Residential District, 15 Two Bedroom Units

Water Features

Public

Windows

Triple Pane, Vinyl

Building

Construction: 2x6, Bedrooms per Unit: Two, Age: Unknown, Style: Apartment Style, 30 bathrooms, Built in 2026, Total Number of Units: 15, Building Square Feet: 15330

Foundation

Foundation: Poured Concrete

Garage

Type: None, Capacity: 0

Taxes

Taxes: TBD

Home Owner's Association

Dues: N/A per month

Parking

1 outside parking space, 15 parking spaces

Lot

26,650 approximate sqft, 0.61 acres

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