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Off market
  • $479,800

    225 S Bailey St, Palmer, AK 99645

    5beds
    2,322sqft
    MultiFamily
    Built in 2002
    -- sqft lot
    $479,800 Zestimate®
    $207/sqft
    $1,720 Estimated rent

    Home value

    $479,800

    $456,000 - $504,000

    $1,720/mo

    Zestimate® history
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    $1,720/mo

    Rent Zestimate®

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    $3,046/mo

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    $3,046/mo

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    What's special

    Great income property in a high demand location. Enjoy everything downtown Palmer has to offer, right outside your door! Multiple parades a year, right in your back yard! Live music on the grass, bi-weekly at the Palmer City Alehouse, moments from home. A family friendly festival, virtually every weekend, all summer long. All types of dining, moments away. Like to paint? Artists Uncorked offers family, child or adult classes. Or, try paint night every Thursday at the Moosehead.. Or maybe coffee and mosaic classes are more your style? At the Art Cafe you can spend the day glazing pottery, making jewelry and mosaic art, less than a block away. Fireside, Palmer’s brick and mortar book store is a gem! Vagabond Blues for a round of hot coco during the winter parade. Sewing, yoga, gift shops, fine food or small town diners, community gardens, art galleries, and so much more. Watch the fireworks from your lawn several times a year! This location is very special, and very rare income property to boot. Easy to rent, regardless of the time of year. Mid December? No problem. You’ll never have a down month. Leaving state, and so forced to sell. This price is barely above the borough assessed value. As good a deal as you’ll ever find in downtown Palmer. Real estate agents are ok. Qualified buyers only please. Shown by appointment only. Please don’t disturb the tenants. Thanks and cheers!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 2
    • 3/4 bathrooms: 1
    Heating
    • Forced air, Gas
    Appliances
    • Included: Dishwasher, Dryer, Freezer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Linoleum / Vinyl
    • Basement: None
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,322 sqft

    Property

    Parking
    • Parking features: Carport, Garage - Attached, Off-street
    Features
    • Exterior features: Wood
    Lot
    • Size: 0.29 Acres
    Details
    • Parcel number: 5176B02L015A

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Asphalt
    Condition
    • Year built: 2002

    Community & HOA

    Location
    • Region: Palmer

    Financial & listing details

    • Price per square foot: $207/sqft
    • Tax assessed value: $405,300
    • Annual tax amount: $4,655

    Price history

    DateEventPrice
    3/21/2021Listing removed--
    Source: Owner Report a problem
    9/22/2018Listing removed$289,000$124/sqft
    Source: Owner Report a problem
    5/20/2018Listed for sale$289,000$124/sqft
    Source: Owner Report a problem
    11/28/2017Listing removed$1,150
    Source: Owner Report a problem
    11/9/2017Listed for rent$1,150
    Source: Owner Report a problem
    3/17/2008Sold--
    Source: AKMLS #08-946 Report a problem
    2/28/2002Sold--
    Source: AKMLS #02-201943 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,655 +1.3%$405,300 +3.6%
    2024$4,595 +7.1%$391,100 +3.9%
    2023$4,292 +5.6%$376,600 +10.3%
    2022$4,063 +0%$341,400 +8.8%
    2021$4,061 +4.5%$313,800 +7.6%
    2020$3,886 +2.8%$291,700 +3.3%
    2019$3,782 +1.7%$282,500 +1.3%
    2018$3,719 +13.8%$279,000 +1.1%
    2017$3,267 $276,000 +1.1%
    2016$3,267 $273,100 +0.9%
    2015$3,267 $270,600 +7.1%
    2014$3,267 $252,700 -0.6%
    2013-- $254,200 0%
    2012-- $254,300 -1.9%
    2011-- $259,200 -8%
    2010-- $281,600 +9.3%
    2009-- $257,700 -0.7%
    2008-- $259,500
    2007-- $259,500 -5.7%
    2006-- $275,100 +12.6%
    2005-- $244,400 +17.8%
    2004-- $207,500 +0.9%
    2003-- $205,700 +6.6%
    2002-- $193,000
    Find assessor info on the county website

    Neighborhood: 99645

    Nearby schools

    GreatSchools rating
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    $479,800
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    With Zillow Showcase(estimated)
    $489,396