612 College Rd, Fairbanks, AK 99701

612 College Road has everything that makes a rental property work long-term: a central location, a captive tenant pool, and the kind of quiet, steady demand that doesn't depend on market timing. And, based on the last three years of annual expenses and income, a prospective owner occupant would stand to pay roughly $450/mo to live, after electric, heat, and water and sewer! That's less than the rent on a dry cabin! This single-story triplex offers three 1-bed, 1-bath units across 2,064 square feet, each with updated flooring, fixtures, and newly installed triple-pane windows. Boiler heat keeps operating costs predictable. Unit 3 adds an attached garage — for an owner-occupant suite if desired! Historically, rents run $1,300/unit/month ($1,600 for the one with a garage!), and the location offers tenants a short bus ride to the university, downtown, and major shopping corridors. And then there's the lot next door. An adjacent 4,200 square feet of land is available alongside the triplex — room to build a second income property, add storage units, or even move snow in the winter! At $330,000, this isn't a speculative bet. It's an already-performing asset with room to grow, in a location that tenants keep choosing year after year.