612 College RD, Fairbanks, AK 99701
612 College RD, Fairbanks, AK 99701
612 College RD, Fairbanks, AK 99701
612 College RD, Fairbanks, AK 99701
612 College RD, Fairbanks, AK 99701
612 College RD, Fairbanks, AK 99701
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$ 330,000
Est. payment | /mo

3 Beds

3 Baths

2,064 SqFt


Save
$ 330,000
Est. payment | /mo
Save

3 Beds

3 Baths

2,064 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,064 sqft

Price per Sqft $159

MLS Listing ID 25-13072

Bedrooms 3

Full Baths 3

Construction Status Existing Structure

Year Built 1950

Lot Size 8,087 Sqft

Acres 0.19

Source Alaska Multiple Listing Service

Property Description

612 College Road has everything that makes a rental property work long-term: a central location, a captive tenant pool, and the kind of quiet, steady demand that doesn't depend on market timing. And, based on the last three years of annual expenses and income, a prospective owner occupant would stand to pay roughly $450/mo to live, after electric, heat, and water and sewer! That's less than the the rent on a dry cabin!

This single-story triplex offers three 1-bed, 1-bath units across 2,064 square feet, each with updated flooring, fixtures, and newly installed triple-pane windows. Boiler heat keeps operating costs predictable. Unit 3 adds an attached garage -- for an owner-occupant suite if desired! Historically, rents run $1,300/unit/month, and the location offers tenants a short bus ride to the university, downtown, and major shopping corridors.

And then there's the lot next door.
An adjacent 4,200 square feet of land is available alongside the triplex -- room to build a second income property, add storage units, or even move snow in the winter!

At $330,000, this isn't a speculative bet. It's an already-performing asset with room to grow, in a location that tenants keep choosing year after year. The home inspection report is also available in the documents tab.

Location

State AK

Area 710 - North Fairbanks

Zoning RMKS - See Remarks

Direction Across from Geraldos on College.

Interior

Interior Features Refrigerator

Heating Baseboard, Oil

Appliance Microwave (B/I)

Exterior

Parking Features None

Water Access Desc Public

Roof Type Membrane

Building

Lot Size Range 0.19

Sewer Public Sewer

Water Public

Construction Status Existing Structure

Schools

Elementary Schools Joy

Middle Schools Randy Smith

High Schools Lathrop

Others

Tax ID 0641282

Alaska MLS
Listed by Majors Realty Group, LLC

Nearby Locations

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612 College RD

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