4751 Old Airport Rd, Fairbanks, AK 99709

Opportunity knocks with this unique and income-generating triplex located at 4751 Old Airport Rd in West Fairbanks. This well-maintained property features three distinct units: a spacious two-bedroom, one-bathroom unit on the main floor and two one-bedroom, one-bathroom units upstairs. Sitting on over half an acre (0.64 acres) in a Light Industrial zoning district, this versatile property is ideal for owner-occupants looking to offset living expenses or investors seeking strong rental income potential. The lower-level unit spans the entire first floor and includes a cozy living room, an open-concept kitchen and dining space, two generously sized bedrooms, and a full bathroom. This unit is currently occupied by a long-term tenant on a month-to-month lease at $1,800/month. Upstairs, each of the one-bedroom units has a private entry into a welcoming living space, corner kitchen, full bathroom, and separate bedroom, all updated with durable laminate flooring. Unit 2 is currently rented at $1,400/month, while Unit 3 is currently rented for $1,600/month. The property also includes a detached three-car garage (no value assigned) and offers approximately 10 off-street parking spots. Built in 1956, the structure blends vintage character with updated finishes in the rental units. Its prime location near Fred Meyer, Raven School, Birch Bowl Company, the local cigar shop, and just 5 minutes from the international airport makes it especially convenient for tenants. Whether you're a first-time investor or a seasoned landlord expanding your portfolio, this triplex delivers flexibility, location, and consistent cash flow. Virtual tour available on Zillow. Full rent roll available upon request. Total rents equal $4800 a month currently!