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 on 04/30/25
Price Unknown
720 18th Ave, Fairbanks, AK 99701
6beds
4baths
2,360sqft
Quadruplex
Built in 1946
-- sqft lot
$471,300 Zestimate®
$--/sqft
$2,549 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: April 30, 2025 at 12:24pm
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
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 sqft
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 & neighborhood
Security
- Security features: Smoke Detector(s), Smoke Detector
Location
- Region: Fairbanks
- Subdivision: Rickert Homestead
Other
Other facts
- Listing terms: Cash/Refinance
- Road surface type: Paved