1220 9th Avenue, Fairbanks, AK 99701

Property Description

Own one. Rent two. Build wealth from day one. Exceptional investment opportunity in the heart of Fairbanks! This extensively updated triplex features a spacious 3 bed/2 bath owner's residence, a 2 bed/1 bath income-producing unit, and a 1 bed/1 bath income-producing unit—offering the rare combination of immediate cash flow, owner-occupancy flexibility, and future income upside. Whether you're looking to house hack, expand your investment portfolio, or operate a successful short-term rental business, this property delivers. Currently generating approximately $67,000 in annual gross income from only two established rental units, this property allows the next owner to continue operating as-is or unlock even greater earning potential by renting all three units. Situated on a rare oversized double lot, the property features modern updates throughout, durable 2x6 construction, attractive curb appeal, a heated detached garage, ample off-street parking, and flexible living arrangements to fit a variety of investment strategies. Located just minutes from Downtown Fairbanks, Fort Wainwright, the University of Alaska Fairbanks, restaurants, shopping, and the Chena River, this central location consistently attracts military personnel, healthcare professionals, university affiliates, traveling professionals, and tourists alike. Whether you're searching for an owner-occupied investment, a turnkey Airbnb business, or a long-term income property with room to grow, opportunities like this are exceptionally rare in today's market. Furniture and furnishings will convey with sale.