1526 Noble St · Fairbanks, AK 99701

$179,900

None bd · 2.5 ba · 1,568 sqft · SingleFamily public records · 88 Days on market

Built 1947 6,840 sqft lot $115/sqft · 47% below area Est $340k · 47% under

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +24.9/30.0
• ARV discount +15.0/15.0
• DSCR +8.1/10.0
• 1% rule +6.0/10.0
• Schools +3.6/10.0
• Rent growth +2.9/5.0
• Livability +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 1526 Noble Street, a charming and historic triplex located in the heart of Fairbanks. Built in 1947, this well-maintained property offers classic character with strong rental potential, producing a gross annual income of approximately $36,000. With a total of 1,568 square feet, the home is divided into three 1 bedroom, 1 bathroom units. Two traditional 1 bedroom apartments upstairs and an efficiency-style unit in the basement. The layout begins with an arctic entryway leading to three separate doors: one to each upstairs unit and one to the staircase that accesses the lower-level apartment. Each unit offers comfortable living spaces with the charm and warmth of a mid-century home. Constructed with durable 2x4 framing, the property has stood the test of time and remains a steady income generator. Conveniently located near downtown shopping, dining, and entertainment, this triplex provides easy access to everything Fairbanks has to offer. Whether you’re an experienced investor expanding your portfolio or a new landlord looking for an affordable entry point into real estate, 1526 Noble Street delivers both opportunity and location in one great package.

Key facts

• Three separate doors
• Durable 2x4 framing
• Arctic entryway

Tags

• HISTORIC TRIPLEX
• STRONG RENTAL POTENTIAL
• ARCTIC ENTRYWAY
• THREE SEPARATE DOORS
• EFFICIENCY-STYLE UNIT
• DURABLE 2X4 FRAMING

What this means for you Summary

Snapshot

• This is a ?-bed/2.5-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $386 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $169k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.9% vs local median 4.9% in Fairbanks — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 57/100 on livability (#95 in AK) — a working-class tenant base; expect higher turnover. Strengths: housing A+; Watch: schools D, crime F, amenities F.
• Fairbanks North Star Borough School District (urban): math 33% / reading 45% proficiency, ranked #10 of 21 in AK (top 48%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+1.6%/yr); 65 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 1 units permitted in Fairbanks North Star Borough in 2024 (0 in 5+ unit buildings).
• This rent runs 31% of the median local income ($76k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Fairbanks North Star County population projected at +6% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 88 days — a 6% lower offer ($169k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 10y ago; this cycle's ask has dropped $20k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $169,106 (6.0% below list)

Questions for the listing agent

1. It's been on market 88 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1947 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.10% ✓
• Cap rate: 8.86%
• Cash-on-cash: 9.18%
• DSCR: 1.41
• GRM: 7.6

CMA / ARV

• ARV (median comp): $340,402
• List price: $179,900
• Delta: -47.15%
• Verdict: UNDERPRICED
• Comps: 18 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1936 Mary Ann St	0.35mi	3/1.0	1,574 (+0%)	9mo	$110,000	$70	69
701 Bentley Dr	0.55mi	2/2.0	1,600 (+2%)	5mo	$279,900	$175	65
307 Slater Dr	0.51mi	4/2.0	1,615 (+3%)	9mo	$339,000	$210	62
306 Slater Dr	0.48mi	3/2.0	1,574 (+0%)	18mo	$399,900	$254	60
1425 Noble St	0.15mi	2/1.0	1,380 (-12%)	11mo	$240,000	$174	58
802 23rd Ave	0.50mi	2/1.0	1,440 (-8%)	1mo	$195,000	$135	56
1556 Noble St	0.05mi	2/1.0	1,338 (-15%)	15mo	$129,000	$96	55
202 10th Ave Unit 202 & 142 10th	0.49mi	3/2.0	1,780 (+14%)	9mo	$249,000	$140	45
202 10th Ave	0.49mi	3/2.0	1,780 (+14%)	9mo	$200,000	$112	45
1448 Turner St	0.28mi	3/1.5	1,344 (-14%)	19mo	$150,000	$112	43
1229 19th Ave	0.61mi	2/1.0	1,735 (+11%)	11mo	$235,500	$136	39
253 Bentley Dr	0.67mi	4/2.0	1,800 (+15%)	11mo	$315,000	$175	33

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.62% rent growth · sell at horizon

5-year hold

• IRR: -3.9%
• Equity multiple: 0.85×
• Total profit: $-7,320
• Equity at exit: $26,824

10-year hold

• IRR: 4.2%
• Equity multiple: 1.29×
• Total profit: $14,373
• Equity at exit: $15,554

Cash invested: $50,372 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 80 Strongly Landlord-Friendly
• State Alaska: 80 Strongly Landlord-Friendly · R+8
• County: — inherits STATE
• City: — inherits STATE

30-day notice; security deposits capped; courts moderate-paced.

Methodology + full state rankings →

ZIP-level market 99701

• Home prices YoY: -19.4%
• Rents YoY: 1.6%
• Active inventory: 65
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,982 medium
• Mortgage (P&I): −$943
• Tax from tax record: −$162 /mo · $1,945/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$416
• Net cashflow: $386

Break-even live

Break-even rent $1,494

Max offer price $179,900

Occupancy floor 76%

Sensitivity live

Price	-10% $487	-5% $436	+0% $386	+5% $335	+10% $284
Rent	-10% $229	-5% $307	+0% $386	+5% $464	+10% $542
Rate	-1.0pp $476	-0.5pp $431	base $386	+0.5pp $339	+1.0pp $291

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $44,975
• Closing costs: $5,397
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4268 Neely Rd Fort Wainwright, AK	3.0–4.0	2.5	2138	$2,106	$0.99	45d	1	1.26mi

Listing history 33 events

1. 2026-06-21
   days on market $179,900 Active 88 DOM
2. 2026-06-19
   days on market $179,900 Active 86 DOM
3. 2026-06-18
   days on market $179,900 Active 85 DOM
4. 2026-06-17
   days on market $179,900 Active 84 DOM
5. 2026-06-16
   days on market $179,900 Active 83 DOM
6. 2026-06-15
   price $179,900 Active 82 DOM
7. 2026-06-15
   days on market $189,900 Active 82 DOM
8. 2026-06-14
   days on market $189,900 Active 80 DOM
9. 2026-06-13
   days on market $189,900 Active 79 DOM
10. 2026-06-10
    days on market $189,900 Active 77 DOM
11. 2026-06-09
    days on market $189,900 Active 76 DOM
12. 2026-06-08
    days on market $189,900 Active 75 DOM
13. 2026-06-05
    days on market $189,900 Active 71 DOM
14. 2026-06-03
    days on market $189,900 Active 70 DOM
15. 2026-06-02
    days on market $189,900 Active 69 DOM
16. 2026-06-01
    days on market $189,900 Active 68 DOM
17. 2026-05-31
    days on market $189,900 Active 67 DOM
18. 2026-05-30
    days on market $189,900 Active 66 DOM
19. 2026-05-13
    price $194,900 1184-char remark

    Show marketing remark (1184 chars)

    Welcome to 1526 Noble Street, a charming and historic triplex located in the heart of Fairbanks. Built in 1947, this well-maintained property offers classic character with strong rental potential, producing a gross annual income of approximately $36,000. With a total of 1,568 square feet, the home is divided into three 1 bedroom, 1 bathroom units. Two traditional 1 bedroom apartments upstairs and an efficiency-style unit in the basement. The layout begins with an arctic entryway leading to three separate doors: one to each upstairs unit and one to the staircase that accesses the lower-level apartment. Each unit offers comfortable living spaces with the charm and warmth of a mid-century home. Constructed with durable 2x4 framing, the property has stood the test of time and remains a steady income generator. Conveniently located near downtown shopping, dining, and entertainment, this triplex provides easy access to everything Fairbanks has to offer. Whether you’re an experienced investor expanding your portfolio or a new landlord looking for an affordable entry point into real estate, 1526 Noble Street delivers both opportunity and location in one great package.

20. 2026-03-25
    listed $199,900 Active 1184-char remark

    Show marketing remark (1184 chars)

    Welcome to 1526 Noble Street, a charming and historic triplex located in the heart of Fairbanks. Built in 1947, this well-maintained property offers classic character with strong rental potential, producing a gross annual income of approximately $36,000. With a total of 1,568 square feet, the home is divided into three 1 bedroom, 1 bathroom units. Two traditional 1 bedroom apartments upstairs and an efficiency-style unit in the basement. The layout begins with an arctic entryway leading to three separate doors: one to each upstairs unit and one to the staircase that accesses the lower-level apartment. Each unit offers comfortable living spaces with the charm and warmth of a mid-century home. Constructed with durable 2x4 framing, the property has stood the test of time and remains a steady income generator. Conveniently located near downtown shopping, dining, and entertainment, this triplex provides easy access to everything Fairbanks has to offer. Whether you’re an experienced investor expanding your portfolio or a new landlord looking for an affordable entry point into real estate, 1526 Noble Street delivers both opportunity and location in one great package.

21. 2025-11-03
    listed $199,900 Active
22. 2024-04-23
    historical $1,200
23. 2024-04-10
    listed $1,200
24. 2024-03-14
    historical $1,200
25. 2023-12-07
    price $1,200
26. 2023-12-02
    listed
27. 2022-12-16
    historical
28. 2018-12-20
    soldstatus
29. 2016-07-28
    soldstatus
30. 2016-07-28
    soldstatus
31. 2016-01-27
    listed $89,900
32. 2016-01-25
    listed $89,900
33. 2008-06-20
    soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast AK · Partial reset (capped growth)

• Current annual tax: $1,945 · $162/mo
• Projected year-2 tax: $2,043 · $170/mo
• Expected delta: +$98/yr (+$8/mo · 5.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X · 24% chance over 30 yrs
• 🫁 Air quality 1/10 Low

Taxation est. · year 1

• Rental income: $23,787
• − Mortgage interest: −$10,077
• − Property taxes: −$1,945
• − Insurance: −$900
• − Repairs & maintenance: −$1,903
• − Management: −$1,903
• − Depreciation: −$5,233
• Taxable income: $1,826
• Est. tax owed @ 24.0%: −$438
• After-tax cash flow: $4,188/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Fairbanks North Star Borough School District
• NCES district ID: 0200600
• Math proficiency: 33% ▼ -6.00%
• Reading proficiency: 45% ▲ 3.00%
• Median HH income: $69,697
• Composite: 35.5/100
• National rank: #4915
• State rank: #10 of 21 in AK

Livability — Fairbanks

• Score: 57/100
• State rank: #95
• US rank: #21394

Category grades

Amenities F Commute F Cost of living F Crime F Employment C+ Housing A+ Health & safety F User ratings C

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fairbanks, AK
• County: Fairbanks North Star Borough · 69,381 people
• City population: 47,612
• Metro: Fairbanks, AK
• Population (ZIP): 18,061
• Household income: $75,668
• Rent vs Own: 54.6% rent · 45.4% own
• Severe rent burden: 652.0

Population outlook (Fairbanks North Star County) Hauer SSP2

• Today (2025): 101,607 people
• By 2030: 102,796 · +1.2%
• By 2040: 104,748 · +3.1%
• By 2050: 107,598 · +5.9%
• By 2075: 118,829 · +16.9%
• By 2100: 127,151 · +25.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 59% Two or more races 14% Native American 12% Hispanic / Latino 7% Asian 6% Black 5%
• Hispanic origin (detail): Mexican 4% Puerto Rican 1%
• Common ancestry: Italian 4% Slovak 3% Portuguese 3%
• Foreign-born: 7% · South Korea, Canada, China
• Languages at home: 86% English-only · Spanish 4% Korean 2% Tagalog/Filipino 2%

Political lean MEDSL · Fairbanks North Star

• 2016 margin: R (+15.2) · D 37.7% · R 52.9% · Other 9.4%
• All cycles: 2016: R+15.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -37.70%
• Current HPI: 156.1921
• Rent YoY: ▲ 1.62%
• Metro: Fairbanks, AK
• State GDP YoY: —
• F500 in state: 0

Price history

+116.8% since first listed

15 events — show timeline

• 2026-05-13 Price Changed $194,900 GFBR
• 2026-03-25 Listed $199,900 GFBR
• 2025-11-03 Listed $199,900 GFBR
• 2024-04-23 Rental Removed $1,200 APPFOLIO
• 2024-04-10 Listed for Rent $1,200 APPFOLIO
• 2024-03-14 Rental Removed $1,200 APPFOLIO
• 2023-12-07 Price Changed $1,200 APPFOLIO
• 2023-12-02 Listed for Rent — APPFOLIO
• 2022-12-16 Rental Removed — APPFOLIO
• 2018-12-20 Sold (Public Records) — Public Records
• 2016-07-28 Sold (Public Records) — Public Records
• 2016-07-28 Sold (MLS) — GFBR
• 2016-01-27 Listed $89,900 GFBR
• 2016-01-25 Listed $89,900 AKMLS
• 2008-06-20 Sold (Public Records) — Public Records

Property tax history

+4.8%/yr

Latest (2025): $1,945 · -10.0% YoY. Source: county tax records.