$699,000
SOLD FEB 25, 2025
Last list price

186 Madcap Ln Unit 192 Madcap Lane Fairbanks, AK 99709

College Neighborhood
32 Beds
-- Bath
13,312 Sq Ft
0.84 Acres

Recently Sold

$53 Per Sq Ft

33 Days on Market

Highlights

  • 0.84 Acre Lot
  • Wood Frame Window
  • Coin Laundry
  • Lawn
  • Double Pane Windows
  • High Speed Internet

About This Home

As of February 2025

Looking for a High Income producing property? Then this is it!! You get 2 - 8 Plex's for a total of 16 units. Each unit is 2 bedrooms and 1 bathroom and each building is 6656 sq/ft for a total of 13312 sq/ft of living space. Each building has their own coin -op washer/dryer laundry area. there is also a 2 story utility building and an Atco unit that is full of parts, tools, a couple extra ovens that conveys with purchase. There was a new Boiler heating system installed in Building 192 last year in 2023. Contact me today for a showing and to request the 2023 Income statements and 2023 rental rates. All units are rented. These generate a high cash flow. Seller will not owner finance. For more info visit www.akliferealty.com

Last Agent to Sell the Property

Richard Harter

ALASKA LIFE REALTY License #RECS17863 Listed on: 12/30/2024

Last Buyer's Agent

Richard Harter

ALASKA LIFE REALTY License #RECS17863 Listed on: 12/30/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,629

Year Built

  • Built in 1964

Lot Details

  • 0.84 Acre Lot
  • Lawn

Parking

  • 16 Parking Spaces

Home Design

  • Poured Concrete
  • Membrane Roofing
  • Lap Siding
  • Plywood Siding Panel T1-11

Interior Spaces

  • 32 Bedrooms
  • 13,312 Sq Ft Home
  • Double Pane Windows
  • Vinyl Clad Windows
  • Wood Frame Window
  • Fire and Smoke Detector

Kitchen

  • Built-In Oven
  • Cooktop

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Schools

  • Pearl Creek Elementary School
  • Randy Smith Middle School
  • West Valley High School

Utilities

  • Hot Water Baseboard Heater
  • Heating System Uses Oil
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 37 & 38
  • Assessor Parcel Number 0251352

Community Details

Building Details

  • Gross Income $223
  • Net Operating Income $149

Additional Features

  • 16 Units
  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,629

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: EIGHT PLEX
  • Age: 20 + yrs.
  • Fire Service: Public
  • Price Per Sq Ft: 51.83
  • Year Built: 1964
  • Configuration: Up and Down
  • Subd Township Range: Ballaine Lake
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Equipment: Range/Oven, Smoke Detector, Refrigerator, Washer, Dryer, Cook Top, Wall Oven
  • Total Bedrooms: 32
  • Windows: Double Pane, Vinyl, Wood
  • Number of Bathrooms Areas: 16
  • Laundry: Coin-op, Main Level

Exterior Features

  • Construction: 2x4
  • Exterior Features: Cable TV, High Speed Internet, Lawn
  • Exterior Finish: T1-11, Lap Siding
  • Foundation: Poured Concrete
  • Road Service: Public
  • Roof: Membrane

Garage/Parking

  • Number Of Parking Spaces: 16

Utilities

  • Heating: Hot Water Baseboard
  • Water: Public
  • Sewer Type: Public

Fee Information

  • Annual Expenses: $74,052

Schools

  • Elementary School: Pearl Creek
  • Middle School: Randy Smith
  • High School: West Valley

Lot Info

  • Geo Subdivision: AK
  • Lot Tax Lot: 37 & 38
  • Mill Rate: 35.417
  • Number Of Acres: 0.84
  • Zoning: Multiple-Family Residential District
  • Lot Sq Ft: 36310

Tax Info

  • Taxes: 15629
  • Assessor Parcel Number: 0251352

Multi Family

  • Bedrooms Unit: Two
  • Total Number Of Units: 16
  • Type Of Units2 Bdrm: 16

MLS Schools

  • Elementary School: Pearl Creek
  • Senior High School: West Valley
  • Middle School: Randy Smith

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2025 02/25/25 Sold -- -- --
02/01/2025 02/01/25 Pending -- -- --
12/30/2024 12/30/24 Price Changed $699,000 +2.8% $53 / Sq Ft
12/30/2024 12/30/24 For Sale $679,900 -- $51 / Sq Ft
Source: Greater Fairbanks Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Richard Harter

    Seller's Agent in 2025

    Richard Harter

    ALASKA LIFE REALTY

    (907) 322-5888

    5 in this area

    187 Total Sales

    Richard Harter
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Map

Source: Greater Fairbanks Board of REALTORS®

MLS Number: 156644

Greater Fairbanks Board of REALTORS®
Alaska Fairbanks North Star Borough Fairbanks 99709 College

186 Madcap Ln Unit 192 Madcap Lane, Fairbanks, AK

This home is located at 186 Madcap Ln Unit 192 Madcap Lane, Fairbanks, AK 99709 and is currently priced at $699,000, approximately $52 per square foot. This property was built in 1964. 186 Madcap Ln Unit 192 Madcap Lane is a home located in Fairbanks North Star Borough with nearby schools including Pearl Creek Elementary School, Randy Smith Middle School, and West Valley High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Fairbanks Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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