Charming, recently updated 3-unit building on Lazy Mountain with 10% cap rate, appraised at $395,000! A head-to-toe remodel of this older home created these three lovely units, used successfully for both long-term rental and Airbnb. Two large studios and one 1BR, all spacious, comfy, and cute! Very private 2.27 acres, with Lazy Mountain views.Buyer financing fell through two days before closing - take advantage of this rental income opportunity before someone else does! Live in one and rent the others, live with multi-generations or extended family, and enjoy the views, outdoor access, and rural character of one of the Valley's most desirable areas: Lazy Mountain. - Brand new septic in 2023!! - $50,000 of repairs and improvements made in 2023/24 (septic, driveway, health/safety items, lower unit flooring)!! - Loft Airbnb income $14,000 in 2022 - Current rents: $1349 lower, $1299 middle, $949 upper Neighboring 2 acre lot also available, at 3205 N Mars Av, MLS #23-14086. Come take a look at this amazing opportunity on lovely Lazy Mountain - contact a real estate licensee to set up a showing today!
Sold
Price Unknown
3255 N Mars Ave, Palmer, AK 99645
3beds
2,527sqft
Triplex
Built in 1977
-- sqft lot
$394,600 Zestimate®
$--/sqft
$1,767 Estimated rent
Home value
$394,600
$359,000 - $430,000
$1,767/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Sean Williams,
EXP Realty, LLC
Bought with:
Key Realty Group
EXP Realty, LLC
Source: AKMLS,MLS#: 23-1965
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Kerosene, Natural Gas, Oil
Appliances
- Included: Washer/Dryer
Features
- Has basement: No
Interior area
- Total structure area: 2,527
- Total interior livable area: 2,527 sqft
Property
Parking
- Parking features: No Carport, No Garage
Features
- Has view: Yes
- View description: Mountain(s)
- Waterfront features: No Access, None
Lot
- Size: 2.27 Acres
- Topography: Level,Sloping
Details
- Parcel number: 3035B02L001
- Zoning: UNZ
- Zoning description: Not Zoned-all MSB but Palmer/Wasilla/Houston
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Condition
- New construction: No
- Year built: 1977
- Major remodel year: 2018
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
Location
- Region: Palmer
Financial & listing details
- Tax assessed value: $237,400
- Annual tax amount: $1,300
- Date on market: 3/5/2023
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/29/2025 | Sold | -- |
Source:  AKMLS #23-1965 Report a problem | ||
| 9/25/2025 | Pending sale | $375,000$148/sqft |
Source: AKMLS #23-1965 Report a problem | ||
| 9/24/2025 | Listed for sale | $375,000$148/sqft |
Source: AKMLS #23-1965 Report a problem | ||
| 4/1/2025 | Listing removed | $375,000$148/sqft |
Source: AKMLS #23-1964 Report a problem | ||
| 3/15/2025 | Listed for sale | $375,000$148/sqft |
Source: AKMLS #23-1965 Report a problem | ||
| 1/19/2025 | Pending sale | $375,000$148/sqft |
Source: AKMLS #23-1965 Report a problem | ||
| 10/8/2023 | Price change | $375,000-10.5%$148/sqft |
Source: AKMLS #23-1965 Report a problem | ||
| 9/22/2023 | Price change | $419,000-1.9%$166/sqft |
Source: AKMLS #23-1964 Report a problem | ||
| 5/6/2023 | Listed for sale | $427,000$169/sqft |
Source: AKMLS #23-1965 Report a problem | ||
| 4/26/2023 | Pending sale | $427,000$169/sqft |
Source: AKMLS #23-1965 Report a problem | ||
| 3/10/2023 | Listed for sale | $427,000$169/sqft |
Source: AKMLS #23-1965 Report a problem | ||
| 2/16/2018 | Sold | -- |
Source: AKMLS #17-18742 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,854 +51.3% | $237,400 +55.6% |
| 2024 | $1,886 +6.3% | $152,600 +3.5% |
| 2023 | $1,774 +3.7% | $147,400 +8.3% |
| 2022 | $1,710 +1.1% | $136,100 +11.4% |
| 2021 | $1,692 -32.4% | $122,200 -30.1% |
| 2020 | $2,502 +188.5% | $174,900 +191% |
| 2019 | $867 +54.6% | $60,100 +53.7% |
| 2018 | $561 -44.9% | $39,100 -52.3% |
| 2017 | $1,018 | $82,000 -0.8% |
| 2016 | $1,018 | $82,700 -1.7% |
| 2015 | $1,018 | $84,100 +17% |
| 2014 | $1,018 | $71,900 -2.7% |
| 2013 | -- | $73,900 -0.9% |
| 2012 | -- | $74,600 -2.6% |
| 2011 | -- | $76,600 +12.2% |
| 2010 | -- | $68,300 -6.7% |
| 2009 | -- | $73,200 +1.7% |
| 2008 | -- | $72,000 -13.5% |
| 2007 | -- | $83,200 -1.9% |
| 2006 | -- | $84,800 -0.8% |
| 2005 | -- | $85,500 +11.5% |
| 2004 | -- | $76,700 +3.6% |
| 2003 | -- | $74,000 -10.2% |
| 2002 | -- | $82,400 +0.5% |
| 2001 | -- | $82,000 +7.5% |
| 2000 | -- | $76,300 |
Find assessor info on the county website
Neighborhood: 99645
Nearby homes
- $---- bd1 ba700 sqft3255 N Mars Ave #1, Palmer, AK 99645Off Market
- $---- bd1 ba700 sqft3255 N Mars Ave #2, Palmer, AK 99645Off Market
- $--1 bd1 ba1.3k sqft3255 N Mars Ave #3, Palmer, AK 99645Off Market
- $---- bd1 ba1.3k sqft3255 N Mars Ave #3, Palmer, AK 99645Off Market
- $430,500-- bd-- ba1.9k sqft3305 N Mars Ave, Palmer, AK 99645Off Market
- $511,300-- bd-- ba4k sqft3200 N Diana Ave, Palmer, AK 99645Off Market
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- $398,400-- bd-- ba1.2k sqft3200 N Mars Ave, Palmer, AK 99645Off Market
Nearby schools
GreatSchools rating
- 6/10Butte Elementary SchoolGrades: PK-5Distance: 5.8 mi
- 7/10Palmer Middle SchoolGrades: 6-8Distance: 2.3 mi
- 4/10Palmer High SchoolGrades: 9-12Distance: 2.7 mi
Schools provided by the listing agent
- Elementary: Butte
- Middle: Palmer
- High: Palmer
Source: AKMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Alaska
- Matanuska Susitna Borough
- Palmer
- 99645
- 3255 N Mars Ave
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