816 5th Ave, Fairbanks, AK, 99701
About This Home
Turnkey Income Property: Located in downtown Fairbanks, stretching from 5th Avenue to 4th Avenue, near the hospital and attractions, with a bus stop 300 feet away. Proven $55,000+ annual revenue, $10,000 booked this summer, immediate earning potential from day one. Property Features: New steel siding built to last a lifetime, new gutters, new fence along one side and back. Upstairs is two bedrooms, kitchen, bath, washer/dryer, refinished hardwood floors. Downstairs is fully remodeled: one bedroom, walk-in closet, bath, living area, washer/dryer, and a recently serviced furnace. Rent it as (A) one-bedroom unit, (B) two-bedroom unit, or (C) a full three-bedroom, two-bath home with two washer/dryers. Included in Sale: Everything currently in the home stays,furnishings, backup sheets, tools, except a few specified art pieces. Income Potential: Currently only on Airbnb, expand to other platforms for more revenue. Terms of Sale: Serious buyers only, no owner financing. If you have a realtor, you cover their fees. Showings by appointment only, working around Airbnb bookings, with a pre-approval letter required before showings.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1948
Materials
- Roof: Metal
Type & Style
- Home type: MultiFamily
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Microwave,Refrigerator,Washer
Basement
- Basement: Finished
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Features
- Flooring: Tile,Hardwood,Laminate
Heating
- Heating features: Baseboard,Oil
Interior Area
- Total interior livable area: 1,528 sqft
Property
Details
- Parcel number: 34690
Features
- Exterior features: Metal
- Has view: Yes
- View description: None
Lot
- Lot size: 7,000 sqft
Parking
- Parking features: Off-street,On-street
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
- Earthquake
- Winter Weather
- Cold Wave
- Wildfire
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 | $1,946 | $23,352 |
| Home Insurance | $165 | $1,980 |
| Property Taxes | $523 | $6,276 |
| Electricity | $318 | $3,820 |
| Total | $2,952 | $35,424 |
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 |
|---|---|---|
| 2026-04-23 | Listed for sale | $385,000 |
View on Zillow