$550,000
SOLD DEC 31, 2024
Last list price

302 7th Ave Unit 305 6th for parking Fairbanks, AK 99701

Downtown Fairbanks Neighborhood
-- Bed
-- Bath
7,500 Sq Ft
0.28 Acres

Recently Sold

$73 Per Sq Ft

185 Days on Market

Highlights

  • Mud Room
  • Thermal Windows
  • Coin Laundry
  • Wood Frame Window
  • Tile Flooring
  • High Speed Internet

About This Home

As of December 2024

This is a unique property that was built for and has continued to be a rooming house for many years. Located close to downtown, it is within walking distance to almost everything. It fills a niche for folks that have a limited budget and don’t need much space - some have lived there for many years. Converting to a B&B, office or other use are options. You can access the building from 6th or 7th Avenue with parking on both sides. Laundry area, bike storage and storage units are also available in addition to 25 living areas, some with private baths but most that share 5 common bathrooms. Security doors, sprinkler system throughout, 2 boilers and other amenities make this an investment without much competition. Some furnishings will convey. Owner is a licensed Broker in the State of Alaska. Tax parcels 37583 & 37574. The addition (1982) is 2x6; original section (1954) unknown. See associated docs for more info on the layout and building amenities.

Last Agent to Sell the Property

Audrey Foldoe

MEYERES REAL ESTATE License #RECB3965 Listed on: 06/20/2024

Last Buyer's Agent

Audrey Foldoe

MEYERES REAL ESTATE License #RECB3965 Listed on: 06/20/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,264

Year Built

  • 1954

Lot Details

  • 0.28 Acre Lot

Parking

  • 15 Parking Spaces

Home Design

  • Concrete Foundation
  • Built-Up Roof
  • Vinyl Siding

Interior Spaces

  • 7,500 Sq Ft Home
  • Thermal Windows
  • Vinyl Clad Windows
  • Blinds
  • Rods
  • Wood Frame Window
  • Mud Room
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Freezer

Flooring

  • Laminate
  • Concrete
  • Tile

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Schools

  • Denali Elementary School
  • Ryan Middle School
  • Lathrop High School

Utilities

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

Community Details

  • 25 Units
  • Coin Laundry
  • Gross Income $127

Listing and Financial Details

  • Tax Lot 11 & S 1/2 of Lot 10
  • Assessor Parcel Number 37583*

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,264

Year Built

1954

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Additional Comments: Term sale, $175K down, seller carry ,7 year balloon. inc 2 small adjoining lots.
  • Age: 20 + yrs.
  • Fire Service: Public
  • Price Per Sq Ft: 70
  • Year Built: 19541982
  • Configuration: Apartment Style
  • Other Roms: Mud Room
  • Subd Township Range: Fairbanks Townsite
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Equipment: Range/Oven, Microwave, Smoke Detector, Refrigerator, Washer, Dryer, Blinds, Curtain Rods, Freezer
  • Interior Amenities: Concrete Floors, Laminate Floors, Smoke Detectors, Tile Floors
  • Windows: Thermal Pane, Vinyl, Wood
  • Number of Bathrooms Areas: 8.5
  • Basement: Finished, Full Size
  • Laundry: Coin-op, Basement

Exterior Features

  • Exterior Features: Cable TV, High Speed Internet, Telephone Service
  • Exterior Finish: Vinyl
  • Foundation: Concrete Block
  • Road Service: Public
  • Roof: Built-Up
  • Road Access: Maintained, Paved

Garage/Parking

  • Number Of Parking Spaces: 15

Utilities

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

Condo/Co-op/Association

  • Manager: Audrey J. Foldoe

Schools

  • Elementary School: Denali
  • Middle School: Ryan
  • High School: Lathrop

Lot Info

  • Geo Subdivision: AK
  • Lot Tax Lot: 11 & S 1/2 of Lot 10
  • Mill Rate: 16.619
  • Number Of Acres: 0.2765
  • Zoning: General Commercial District
  • Lot Sq Ft: 12045

Tax Info

  • Taxes: 6264
  • Assessor Parcel Number: 37583*

Multi Family

  • Bedrooms Unit: Efficiency
  • Total Number Of Units: 25
  • Type Of Units Eff: 25

MLS Schools

  • Elementary School: Denali
  • Senior High School: Lathrop
  • Middle School: Ryan

Range of Values:

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List Price
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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
12/31/2024 12/31/24 Sold -- -- --
12/22/2024 12/22/24 Pending -- -- --
10/10/2024 10/10/24 Price Changed $550,000 -8.2% $73 / Sq Ft
06/20/2024 06/20/24 For Sale $599,000 -- $80 / Sq Ft
Source: Greater Fairbanks Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Fairbanks Board of REALTORS®

MLS Number: 155468

Greater Fairbanks Board of REALTORS®