Investment Opportunity – Triplex Near Hospital! Don’t miss this chance to own a well-maintained triplex in a prime location close to the hospital. This property offers steady income with two long-term, reliable tenants already in place, while the third unit is owner-occupied—making it eligible for VA or FHA financing. The building includes: Two units: each with 2 bedrooms and 1 bathroom One unit: spacious 4 bedrooms and 2 bathrooms Two-car heated garage Recent upgrades add major value, including a new roof and a high-efficiency Buderus boiler system. Current rental income is approximately $4,400 per month, with potential for even greater cash flow. This is a perfect opportunity to let your tenants help cover the mortgage while building long-term equity. Whether you’re a first-time investor or looking to expand your portfolio, this property is worth a closer look. Schedule your private showing today!
Sold
Price Unknown
1616 Mary Ann St, Fairbanks, AK 99701
8beds
4baths
4,794sqft
Triplex
Built in 1978
-- sqft lot
$490,000 Zestimate®
$--/sqft
$1,473 Estimated rent
Home value
$490,000
$441,000 - $539,000
$1,473/mo
Zestimate® history
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List your homeWhat's special
Prime locationTwo-car heated garage
Zillow last checked:
Listing updated:
Listed by:
Joshua Leaders 907-687-8889,
HEDGECOCK GROUP REAL ESTATE, LLC
Bought with:
Danielle Fenton
Source: GFMLS,MLS#: 158539
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Hot Water
Appliances
- Included: Range/Oven, Microwave, Dishwasher, Refrigerator, Cooktop, Oven
Features
- Windows: Double Pane Windows, Thermal Pane, Wood Frames
- Basement: Finished,Full
Interior area
- Total structure area: 4,794
- Total interior livable area: 4,794 sqft
Property
Parking
- Total spaces: 4
- Parking features: RV Access/Parking, Heated Garage
- Attached garage spaces: 2
Features
- Patio & porch: Deck/Patio
- Exterior features: Garden, High Speed Internet, Natural
- Fencing: Fenced
Lot
- Size: 0.34 Acres
Details
- Additional structures: Greenhouse, Shed(s)
- Parcel number: 0090638
- Zoning: N/A
- Zoning description: Multiple-Family Residential/Professional Office District
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Apartment Style
- Property subtype: Triplex
Materials
- T1-11, 2x6
- Foundation: Block
- Roof: Shingle
Condition
- 20 + yrs.
- New construction: No
- Year built: 1978
Utilities & green energy
- Gas: Oil
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected
Community & HOA
Community
- Subdivision: Rickert
Location
- Region: Fairbanks
Financial & listing details
- Tax assessed value: $333,967
- Annual tax amount: $5,494
- Date on market: 8/28/2025
- Cumulative days on market: 118 days
- Listing terms: Cash/Refinance
Price history
| Date | Event | Price |
|---|---|---|
| 2/13/2026 | Sold | -- |
Source:  GFMLS #158539 Report a problem | ||
| 12/26/2025 | Pending sale | $465,000$97/sqft |
Source: GFMLS #158539 Report a problem | ||
| 8/28/2025 | Listed for sale | $465,000$97/sqft |
Source: GFMLS #158539 Report a problem | ||
| 3/31/2016 | Sold | -- |
Source:  AKMLS #438003_15-4724 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,495 -10.1% | $333,967 -9.8% |
| 2024 | $6,113 +1.8% | $370,222 +2.5% |
| 2023 | $6,004 +13.9% | $361,284 +23.7% |
| 2022 | $5,271 -4.3% | $292,118 +3.8% |
| 2021 | $5,506 -2.9% | $281,509 -2.8% |
| 2020 | $5,668 -3.4% | $289,550 -2.2% |
| 2018 | $5,868 +19.3% | $295,918 +2.3% |
| 2017 | $4,918 | $289,387 +0.4% |
| 2016 | $4,918 +8.5% | $288,101 +17.5% |
| 2015 | $4,533 | $245,157 |
| 2014 | $4,533 | $245,157 |
| 2013 | -- | $245,157 -7.3% |
| 2012 | -- | $264,517 |
| 2011 | -- | $264,517 +2.7% |
| 2010 | -- | $257,524 -9.7% |
| 2009 | -- | $285,061 |
| 2008 | -- | $285,061 +5.6% |
| 2007 | $5,074 +12% | $269,900 +19.3% |
| 2005 | $4,529 +35.2% | $226,220 +36.4% |
| 2002 | $3,351 -4.5% | $165,836 -4.1% |
| 2001 | $3,508 | $172,942 |
Find assessor info on the county website
Neighborhood: Bjerremark
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Nearby schools
GreatSchools rating
- 6/10Hunter Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 4/10Ryan Middle SchoolGrades: 6-8Distance: 0.5 mi
- 5/10Lathrop High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- Elementary: Hunter
- Middle: Ryan
- High: Lathrop
Source: GFMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Alaska
- Fairbanks North Star Borough
- Fairbanks
- 99701
- Bjerremark
- 1616 Mary Ann St
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