NOT LISTED FOR SALE

186 Madcap Ln Fairbanks, AK 99709

College Neighborhood

Estimated Value: $699,000

32 Beds
16 Baths
13,312 Sq Ft
$53/Sq Ft Est. Value

Last Sold February 25, 2025

33 Days on Market

Highlights

  • 0.83 Acre Lot
  • Baseboard Heating
  • Washer and Dryer

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 1bathroom 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. Call 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

Last Agent to Sell the Property

Richard Harter

Alaska Life Realty License #17863 Listed on: 12/30/2024

Last Buyer's Agent

Richard Harter

Alaska Life Realty License #17863 Listed on: 12/30/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,629

Year Built

  • Built in 1964

Lot Details

  • 0.83

Parking

  • 16 Parking Spaces

Home Design

  • 13,312 Sq Ft Home
  • Wood Frame Construction
  • Membrane Roofing

Bedrooms and Bathrooms

  • 32 Bedrooms
  • 16 Full Bathrooms

Schools

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

Additional Features

  • Washer and Dryer
  • 0.83 Acre Lot
  • Baseboard Heating

Community Details

  • 2 Buildings
  • 16 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,629

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.83
  • Directions: See google maps
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Other - See Remarks
  • Year Built: 1964
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Other
  • Special Features: None

Interior Features

  • Number Of Buildings: 2
  • Appliances: Washer/Dryer
  • Full Bathrooms: 16
  • Total Bedrooms: 32
  • Living Area: 13312

Exterior Features

  • View: No
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame - 2x4
  • Foundation Details: Concrete Perimeter
  • Property Condition: Existing Structure
  • Roof: Membrane

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Carport, No Garage
  • Total Parking Spaces: 16

Utilities

  • Security: Smoke Detector(s)
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Schools

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

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 36154.8
  • Mobile Dim Units: Feet
  • Zoning Description: Multiple Family Residential
  • Zoning: MF
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Number Of Units Total: 16

Tax Info

  • Tax Annual Amount: 15629
  • Tax Map Number: N/A
  • Tax Year: 2024

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 For Sale $699,000 +599.0% $53 / Sq Ft
04/06/2018 04/06/18 Sold -- -- --
03/09/2018 03/09/18 Pending -- -- --
12/18/2017 12/18/17 For Sale $100,000 -- $15 / Sq Ft
Source: Alaska Multiple Listing Service

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
    Section Image
  • DOUG WELTON

    Seller's Agent in 2018

    DOUG WELTON

    FOX REALTY

    (907) 978-4965

    6 in this area

    114 Total Sales

    DOUG WELTON
    Section Image
  • Ray Brasier

    Buyer's Agent in 2018

    Ray Brasier

    BRASIER REALTY

    (907) 750-3920

    33 in this area

    319 Total Sales

    Ray Brasier
    Section Image
See All Agents

Map

Source: Alaska Multiple Listing Service

MLS Number: 24-15126

Alaska Multiple Listing Service
Alaska Fairbanks North Star Borough Fairbanks 99709 College

186 Madcap Ln, Fairbanks, AK

This home is located at 186 Madcap Ln, Fairbanks, AK 99709 since 30 December 2024 and is currently priced at $699,000, approximately $52 per square foot. This property was built in 1964. 186 Madcap Ln 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.

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Alaska Multiple Listing Service The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than Ten-X are marked with either the listing brokerage’s logo or the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Copyright 2025 Alaska Multiple Listing Service, Inc. All rights reserved.

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