$599,000

Estimated payment $3,624/month

Total Views 1,302
10 Beds
-- Bath
3,521 Sq Ft
$170 Price per Sq Ft

About This Home

Introducing 210 Swan Drive - an exceptional investment opportunity in Fairbanks featuring a community of eight residential rental cabins with strong income potential. Located just off Chena Hot Springs Road, this property is only minutes from Fort Wainwright, Fairbanks shopping and dining, and less than 15 minutes from the University of Alaska Fairbanks or downtown. The property begins with the largest cabin at the front, which commands $1,350/month, followed by a cleared pad suitable for a potential ninth unit. Cabins 0 through 6 each rent between $925 and $1,250/month depending on size and updates, with some boasting newer roofs and more modern interiors while others maintain a classic Alaskan feel. All cabins are connected to shared well and septic systems, ***these are not dry cabins*** and the property is pet-friendly, a highly desirable feature for tenants. With full occupancy, this property meets the one percent rule, making it one of the rare multifamily opportunities that pencils out even in today’s interest rate environment. Zoned for flexibility and eligible for commercial or DSCR loan products, 210 Swan Drive offers both stability and scalability for seasoned landlords or new investors alike. Set on a well-situated lot just north of town, this rental community is truly a cash-flowing asset. Opportunities like this are rare, schedule your showing today before it’s gone.

Listing Agent

Nic Williams

SUMMIT REALTY GROUP License #148585 Listed on: 08/18/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,325

Year Built

  • Built in 1974

Lot Details

  • 1.63 Acre Lot

Home Design

  • Poured Concrete
  • Metal Roof
  • Log Siding

Interior Spaces

  • 10 Bedrooms
  • 3,521 Sq Ft Home
  • Double Pane Windows
  • Laminate Flooring
  • Fire and Smoke Detector
  • Oven or Range

Schools

  • Weller Elementary School
  • Tanana Middle School
  • Lathrop High School

Utilities

  • Heating System Uses Oil
  • Well
  • Private Sewer

Community Details

  • 8 Units
  • Gross Income $100

Listing and Financial Details

  • Tax Lot Lot 1
  • Assessor Parcel Number 0480932

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,325

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: EIGHT PLEX
  • Age: 20 + yrs.
  • Fire Service: Public
  • Price Per Sq Ft: 170.12
  • Year Built: 1974
  • Configuration: Cabins
  • Subd Township Range: Kasalek Central
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Equipment: Range/Oven
  • Interior Amenities: Laminate Floors, Smoke Detectors
  • Total Bedrooms: 10
  • Windows: Double Pane
  • Number of Bathrooms Areas: 8

Exterior Features

  • Construction: Log
  • Exterior Finish: Log
  • Foundation: Poured Concrete
  • Road Service: Public
  • Roof: Metal, Sod
  • Road Access: Gravel

Garage/Parking

  • Outside Parking Space Unt: 15

Utilities

  • Heating: Monitor/Toyo
  • Water: Private Well
  • Sewer Type: Private

Schools

  • Elementary School: Weller
  • Middle School: Tanana
  • High School: Lathrop

Lot Info

  • Assessments: Unknown
  • Geo Subdivision: AK
  • Lot Tax Lot: Lot 1
  • Mill Rate: 14.861
  • Number Of Acres: 1.63
  • Zoning: General Use District - 1
  • Lot Sq Ft: 71040

Tax Info

  • Taxes: $4325.60
  • Assessor Parcel Number: 0480932

Multi Family

  • Total Number Of Units: 8
  • Type Of Units1 Bdrm: 6
  • Type Of Units2 Bdrm: 2

MLS Schools

  • Elementary School: Weller
  • Senior High School: Lathrop
  • Middle School: Tanana

Map

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
08/18/2025 08/18/25 For Sale $599,000 -- $170 / Sq Ft
Source: Greater Fairbanks Board of REALTORS®

About the Listing Agent

Nic Williams

SUMMIT REALTY GROUP

(907) 921-1322

Section Image

I'm a proud transplant Alaskan. My story starts as a Army brat growing up all around the East Coast and Germany. I've been an athlete and Team player my whole life. After High School I attended Virginia Military Institute and earn my Bachelors degree in International Studies as well as Modern Languages and Culture.After graduation I started my 9 year career with the US Army as an Infantry Officer. I have deployed to Afghanistan as a member of the historic 101st Airborne Division and Deployed to

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Source: Greater Fairbanks Board of REALTORS®

MLS Number: 158456

Greater Fairbanks Board of REALTORS®