1533 Lacey St, Fairbanks, AK, 99701
About This Home
As close to a new multifamily build as you can get in Fairbanks today! This fully remodeled apartment building, originally constructed as a 60 unit hotel and thoughtfully converted into 44 modern residential units. The Building was remote- walled insulated adding 9 inches to the exterior making the walls 15" thick, making it extremely efficient, only using approximately $10,000 a year in natural gas. Every unit has been updated to meet contemporary standards, creating an efficient, attractive living environment that supports strong tenant demand and long-term stability. Ideally located close to downtown, with convenient access to shopping centers, parks, and schools, the property benefits from a prime, centralized setting that appeals to a wide range of renters. The layout and scale provide excellent operational efficiency while maintaining flexibility for future value-add strategies. With approximately $713,000 in annual income, this property stands out as a solid, income-producing investment well-suited for both seasoned investors and those looking to expand their multifamily portfolio. A turnkey opportunity combining location, scale, and proven cash flow
Getting Around
Very Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Property condition: 20 + yrs.
- Year built: 1974
Materials
- Foundation: Concrete Perimeter
- Roof: Membrane
- Construction materials: Other,Furred Out
Type & Style
- Home type: MultiFamily
- Architectural style: Apartment Style
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Range/Oven
Basement
- Basement: None
Bedrooms & Bathrooms
- Bathrooms: 44
Features
- Window features: Thermal Pane
- Flooring: Vinyl
Heating
- Heating features: Radiant Floor
Interior Area
- Total structure area: 28,204
- Total interior livable area: 28,204 sqft
Property
Accessibility
- Accessibility features: Handicap Access
Details
- Parcel number: 629729
- Zoning: Unknown
- Zoning description: General Commercial District
Features
- Exterior features: High Speed Internet
- Fencing: Fenced
Lot
- Lot size: 0.79 Acres
Parking
- Total spaces: 40
- Parking features: No Garage
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Earthquake
- Winter Weather
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters in Fairbanks North Star Borough and Alaska
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $44,244 | $530,928 |
| Home Insurance | $3,769 | $45,228 |
| Property Taxes | $8,093 | $97,116 |
| Electricity | $4,701 | $56,417 |
| Total | $60,807 | $729,684 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-01-21 | Listed for sale | $8,750,000 |
| 2020-05-04 | Listing removed | $750,000 |
| 2020-04-28 | Listed for sale | $750,000 |
| 2018-10-19 | Sold | -- |
| 2016-04-23 | Listing removed | $1,500,000 |
| 2016-02-23 | Listed for sale | $1,500,000 |
| 2015-11-16 | Listing removed | $1,500,000 |
| 2015-08-07 | Listed for sale | $1,500,000 |
| 2015-05-19 | Listing removed | $1,500,000 |
| 2015-02-18 | Listed for sale | $1,500,000 |
View on Zillow