$8,750,000 $46,972 est/mo Sourced by Back At You
1533 Lacey Street,Fairbanks, AK 99701
Fairbanks, AK 99701
Description
Originally a 60-unit summer hotel, this property was rebuilt from the studs up and reconfigured into 44 modern units. Upgrades include new windows, 9 inches of exterior insulation, high-efficiency boilers, and radiant floor heat on all four levels. Heating costs average just $0.37 per sq ft annually $10,500/year. Elevator access makes all floors ADA compliant. Gross income $713,000 per year.
Details
| MLS # | 26-2211 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1974 |
| Days On Site | 169 |
| Listing Provided By | Brasier Realty | Ray Brasier |
Features
| Bed(s) | 50 |
|---|---|
| Bath(s) | 44 Total |
| SQ Feet | 28,204 |
| Units | 44 |
| Building(s) | 1 |
| Zoning | GU1 - General Use |
| Acreage | 0.79 |
Interior
| Heating | Radiant Floor |
|---|---|
| Heating Yes / No | Yes |
Exterior
| Foundation Details | Poured Concrete |
|---|
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | None |
| Carport Sp Type Co Carport Sp Type | None |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Frontage Type | None |
|---|
Taxes
| Tax Annual Amount | 42345 |
|---|---|
| Tax Year | 2025 |
| Tax Map Number | N/A |
| Tax Legal Description | Gateway L3-7 B5 |
Area Information
| State | AK |
|---|---|
| City | Fairbanks |
| Zip Code | 99701 |
| Area | 3C Fairbanks North Star Borough |
| Subarea | North Fairbanks |
| School District | Lathrop |
| Elementary School | Ann Wien |
| High School | Lathrop |
| Listing VS Median (in 99701) | |
Price: $8,750,000 low | high Med: $360,000 sqft: 28,204 low | high Med: 4,603 $ / sqft: $310 low | high Med: $78 On site: 169 low | high Med: 145 | |
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Learn More About This Property
| State | AK |
|---|---|
| City | Fairbanks |
| Zip Code | 99701 |
| Area | 3C Fairbanks North Star Borough |
| Subarea | North Fairbanks |
| School District | Lathrop |
| Elementary School | Ann Wien |
| High School | Lathrop |
| Listing VS Median (in 99701) | |
Price: $8,750,000 low | high Med: $360,000 sqft: 28,204 low | high Med: 4,603 $ / sqft: $310 low | high Med: $78 On site: 169 low | high Med: 145 | |
Listing Updated: May 29, 2026 at 6:46:26 PM PDT