High income producing 4 plex totaling $7170/month on average next to the hospital with a 9.75% CAP and 14% COC in 2024. Last 6 months average rents from 2024 with 3 long term rentals and one BNB. Two of three units complete remodel also including new siding, stairs, new windows, new eves over entry, new lower roof, many new appliances, & one unit is fully furnished. Converted to natural gas and all city utilities, gutters, regraded driveway, keyless entry throughout, and landlord thermostats to control heat bills. Newer gas boiler, separate electric meters with electric water heaters on tied to each unit. Furnished unit items to stay with an acceptable offer. Future BNB bookings in unit 4 to convey. Owners are Real estate licensees in the state of Alaska.
Sold
Price Unknown
720 18th Ave, Fairbanks, AK 99701
6beds
4baths
2,360sqft
Quadruplex
Built in 1946
-- sqft lot
$-- Zestimate®
$--/sqft
$2,855 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,855/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Jerry Lymburner 907-347-4433,
POWERED BY LYMBURNER REALTY
Bought with:
Daniel Larranaga
Larranaga
Source: GFMLS,MLS#: 156730
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Rooms
- Room types: Arctic Entry
Heating
- Hot Water
Appliances
- Included: Range/Oven, Microwave, Refrigerator
- Laundry: None
Features
- Flooring: Concrete, Laminate, Vinyl
- Windows: Double Pane Windows, Triple Pane Windows, Vinyl
- Basement: Daylight,Finished
Interior area
- Total structure area: 2,360
- Total interior livable area: 2,360 sqft
Property
Parking
- Total spaces: 6
- Parking features: No Garage
- Details: Outside
Features
- Exterior features: High Speed Internet, Telephone Service
Lot
- Size: 3,484 Square Feet
Details
- Parcel number: 0088773
- Zoning: UNK
- Zoning description: Multiple-Family Residential District
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Vinyl Siding, 2x4
- Foundation: Block
- Roof: Shingle
Condition
- 20 + yrs.
- New construction: No
- Year built: 1946
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Natural Gas Connected
Community & HOA
Community
- Security: Smoke Detector(s), Smoke Detector
- Subdivision: Rickert Homestead
Location
- Region: Fairbanks
Financial & listing details
- Tax assessed value: $161,013
- Annual tax amount: $2,291
- Date on market: 1/20/2025
- Cumulative days on market: 28 days
- Listing terms: Cash/Refinance
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2025 | Sold | -- |
Source:  GFMLS #156730 Report a problem | ||
| 3/6/2025 | Pending sale | $475,000$201/sqft |
Source:  AKMLS #25-592 Report a problem | ||
| 3/5/2025 | Listed for sale | $475,000$201/sqft |
Source: GFMLS #156730 Report a problem | ||
| 2/16/2025 | Pending sale | $475,000$201/sqft |
Source: GFMLS #156730 Report a problem | ||
| 1/20/2025 | Listed for sale | $475,000+163.9%$201/sqft |
Source: GFMLS #156730 Report a problem | ||
| 7/14/2023 | Sold | -- |
Source: AKMLS #23-8551 Report a problem | ||
| 6/19/2023 | Listed for sale | $180,000$76/sqft |
Source: GFMLS #152905 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,649 +6.1% | $161,013 +6.4% |
| 2024 | $2,498 +9% | $151,260 +9.7% |
| 2023 | $2,292 -2.4% | $137,898 +6% |
| 2022 | $2,348 +8.4% | $130,121 +17.5% |
| 2021 | $2,167 -0.1% | $110,765 |
| 2020 | $2,168 -1.6% | $110,765 -0.3% |
| 2018 | $2,204 +16.2% | $111,135 |
| 2017 | $1,897 | $111,135 |
| 2016 | $1,897 -1% | $111,135 |
| 2015 | $1,916 | $111,135 |
| 2014 | $1,916 | $111,135 |
| 2013 | -- | $111,135 |
| 2012 | -- | $111,135 -0.6% |
| 2011 | -- | $111,779 |
| 2010 | -- | $111,779 -0.9% |
| 2009 | -- | $112,749 -3.1% |
| 2008 | -- | $116,371 +5% |
| 2007 | $2,083 +5.4% | $110,793 +12.2% |
| 2005 | $1,976 +87.3% | $98,726 +89.8% |
| 2001 | $1,055 | $52,015 |
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.
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