253 Romans Way, Fairbanks, AK 99701
$475,000
Property Type:
Multi-Family
Bedrooms:
10
Baths:
10
Square Footage:
7,000
Lot Size (sq. ft.):
21,065
Status:
Active
Current Price:
$475,000
Last Modified:
6/23/2026
Description
Rare, high-density investment opportunity! Versatile 10-bedroom, 10-bathroom multiplex offers steady income-stream, & located in prime location. Perfectly configured for a group home, supportive housing network, or specialized residential care facility, expansive complex with balance of community spaces and private residential units, ready for new owners!
Supplements: (1) 2-Bedroom Units Currently rented at $1,400/mo (1) 2-Bedroom Units Currently rented at $1,300/mo (5) 1-Bedroom Units Currently rented at $1,100/mo (4) Single Room Occupancy (SRO) $600/mo (two tenants per room $300 each) Approximately $10,600 rental income. Current rents priced below AHFC market rates, providing the opportunity to optimize rents and maximize the portfolio's yield.
More Information MLS# 26-7527
Contract Info
Price-List: 475000
Date-Listing: 2026-06-22
Status: Active
Foreclosure/Bank Own: No
Location Tax and Legal
Area: 720 - Southeast Fairbanks
Street #: 253
Street Name: Romans
Arterial: Way
Closest USPS Town: Fairbanks
State: AK
Zip Code: 99701
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Beds: 10
Bathrooms Full: 10
Bathrooms Total: 10
Bldgs-Ttl #: 1
Year Built: 1959
SF-Res: 7000
Number of Units: 10
SF-Lot: 21065
Acres: 0.48
Carport Spaces: 10
Prkg Spcs: 10
Lot Area Source: Tax Authority
Zoning: GC - General Commercial
Directions and Remarks
Directions: Take Cushman/Old Richardson Hwy Exit, continue on 30th Ave, Left on Leasure St., Right on Romans Way
Building Info
Units-# of 1 BR: 5
Units- # of 2 BR: 2
Mortgage Info
EM Minimum Deposit: 5200
Property Features
Multi-Family Type: Multi Family
Foundation Type: Unknown - BTV
Heating: Unknown
Sewer-Type: Unknown
Water Source: Unknown-BTV
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: None
Features-MultiFamily: Fire Sprinkler System; Laundry Facility
To Show: ShowingTime
Listing Terms Financing: AHFC; Conventional
Listing Office: Next Level Realty, LLC
Last Updated: June - 23 - 2026
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.
