Sold

Price Unknown

186 Madcap Ln, Fairbanks, AK 99709

32beds

16baths

13,312sqft

Multi Family

Built in 1964

-- sqft lot

$757,200 Zestimate^®

$--/sqft

$1,596 Estimated rent

Home value

$757,200

Estimated sales range

Not available

$1,596/mo

Zestimate^® history

Owner options

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$1,596/mo

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What's special

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

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 32
Bathrooms: 16

Heating

Hot Water

Appliances

Included: Range/Oven, Refrigerator, Washer, Dryer, Cooktop, Oven
Laundry: Coin-op, Main Level

Features

Windows: Double Pane Windows, Vinyl, Wood Frames

Interior area

Total structure area: 13,312
Total interior livable area: 13,312 sqft

Property

Parking

Total spaces: 16
Parking features: No Garage

Features

Exterior features: High Speed Internet, Lawn

Lot

Size: 0.84 Acres

Details

Parcel number: 0251352
Zoning: N/A
Zoning description: Multiple-Family Residential District

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

T1-11, Lap Siding, 2x4
Foundation: Concrete Perimeter
Roof: Membrane

Condition

20 + yrs.
New construction: No
Year built: 1964

Utilities & green energy

Gas: Oil
Sewer: Public Sewer
Water: Public
Utilities for property: Cable Connected

Community & HOA

Community

Security: Smoke Detector
Subdivision: Ballaine Lake

Location

Region: Fairbanks

Financial & listing details

Tax assessed value: $2,783
Annual tax amount: $15,629
Date on market: 12/30/2024
Cumulative days on market: 33 days
Listing terms: Cash/Refinance

Price history

Date	Event	Price
12/29/2025	Listing removed	$1,250
Source: Zillow Rentals Report a problem
11/25/2025	Listed for rent	$1,250
Source: Zillow Rentals Report a problem
4/25/2025	Listing removed	$1,250
Source: Zillow Rentals Report a problem
4/11/2025	Price change	$1,250-13.8%
Source: Zillow Rentals Report a problem
3/19/2025	Listed for rent	$1,450
Source: GFMLS #157076 Report a problem
2/25/2025	Sold	--
Source: GFMLS #156644 Report a problem
2/1/2025	Pending sale	$699,000$53/sqft
Source: GFMLS #156644 Report a problem
12/30/2024	Listed for sale	$699,000$53/sqft
Source: GFMLS #156644 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$99 +0.2%	$2,783
2024	$99 0%	$2,783
2023	$99 -4.5%	$2,783
2022	$103 -0.9%	$2,783
2021	$104 -7.7%	$2,783
2020	$113 +9.3%	$2,783
2018	$103 +3.4%	$2,783
2017	$100	$2,783
2016	$100 +13%	$2,783
2015	$88	$2,783