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2113 Gillam Way, Fairbanks, AK, 99701

--beds
4baths
3,312sqft
$525,000
$159price/sqft
$4,145/moest. monthly cost
$165,800/yrincome needed

About This Home

This Investment Opportunity is looking for a new investor! Is that you? Located directly on the corner of Gillam and 22nd you'll see the only green building on the block! Three of the Units are 2 Bedroom 1 Bath and the fourth is 1 Bedroom 1 Bath, this Property stays rented and is hardly vacant when the Units are ready for Rent. The 2 Bedrooms average around $1500/mo and the 1 Bedroom is about $1300. Each Tenant pays their Own Electric with the Investor paying all other Utilities! The Washer's and Dryers utilize PayRange, which means no need to collect coins while still making that little extra to offset! There are 2 parking spaces (one forward, one behind) per Unit. And the property itself boasts of many upgrades over the last few years alone! Want to see the whole thing without actually having to be there physically? Follow this link: https://my.matterport.com/show/?m=iN9Ld9WSC4k Since there are Tenants, any showings will require at least a 24 Hours' Notice. So please keep that in mind!

Getting Around

51
WalkingSomewhat Walkable
27
TransitSome Transit
55
BikeBikeable

Schools

6/10
Hunter Elementary SchoolGrades PK-50.3 mi
4/10
Ryan Middle SchoolGrades 6-80.6 mi
5/10
Lathrop High SchoolGrades 9-120.6 mi

Construction

Condition

  • Property condition: 20 + yrs.
  • Year built: 1985

Materials

  • Foundation: Block
  • Construction materials: 2x6

Type & Style

  • Home type: MultiFamily
  • Property subType: Quadruplex

Interior

Bedrooms & Bathrooms

  • Bathrooms: 4

Interior Area

  • Total structure area: 3,312
  • Total interior livable area: 3,312 sqft

Property

Details

  • Parcel number: 0367851
  • Zoning: N/A
  • Zoning description: Multiple-Family Residential District

Lot

  • Lot size: 8,359 sqft

Parking

  • Total spaces: 8
  • 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
    Cold WaveVery High
  • Earthquake
    EarthquakeVery High
  • Winter Weather
    Winter WeatherVery High
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Cold Wave
Earthquake
Winter Weather
Lightning

FEMA Declared Disasters in Fairbanks North Star Borough and Alaska

Fire
Flood
Mud Landslide
Other
Severe Storm

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

MonthlyAnnual
Mortgage $2,654$31,848
Home Insurance $226$2,712
Property Taxes $713$8,556
Electricity $552$6,625
Total$4,145$49,740

Income You'd Need if You Spent...

35% on housing$142,114/yr
40% on housing$124,350/yr
45% on housing$110,533/yr

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.

Insurance Growth Rate5-year average: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: -3.5%
-3.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$159This listing

vs Other Active Listings

Avg $/sqft

ZIP 99701$142
Fairbanks North Star Borough$141

vs Homes Sold Last Month

Median $/sqft

ZIP 99701$175
Fairbanks North Star Borough$204

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

DateEventPrice
2026-06-26Listed for sale$525,000
2020-02-12Sold--
2019-08-17Listed for sale$299,900

For Sale by Agent

AgentJon Cruzen
BrokerageINVEST ALASKA REAL ESTATE GROUP

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