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For sale
  • Price cut: $1K (8/15)
    $1,598,000

    609 S Cobb St, Palmer, AK 99645

    12beds
    6,096sqft
    : 
    $10,144/mo
    Get pre-qualified
    Multi Family
    Built in 1976
    -- sqft lot
    $1,554,800 Zestimate®
    $262/sqft
    $-- HOA

    What's special

    Exterior improvementsCompletely remodeledUpdated kitchensExtensive renovations
    TURNKEY DOWNTOWN PALMER SIX-PLEX | FULLY OCCUPIED | $136,800 ANNUAL GROSS INCOME! Exceptional opportunity to acquire a completely remodeled, income-producing multifamily property in the heart of Palmer. All six spacious 2-bedroom, 1-bath units are currently occupied, generating $11,400/month in gross rental income.Extensively renovated throughout with updated kitchens, bathrooms, flooring, doors, windows, trim, lighting, hardware, heaters, exterior improvements and more. Each unit features its own in-unit washer and dryer, a highly desirable amenity for today's rental marketIdeally located within walking distance of downtown Palmer's restaurants, shopping, parks and amenities. Low owner-paid expenses, strong rental history and extensive renovations make this an attractive opportunity for investors looking for immediate income with reduced near-term capital improvement needs. Fully occupied and income-producing from day one. Excellent opportunity for a multifamily investor or 1031 exchange buyer. Rent roll and additional financial information available.
    70 days
    274
    9

    Zillow last checked:

    Listing updated:

    Listed by:

    Dustin Renner,

    Keller Williams Realty Alaska Group of Wasilla,

    Marina Bochkovsky,

    Keller Williams Realty Alaska Group of Wasilla

    Source: AKMLS,MLS#: 26-7822MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 12
      • Bathrooms: 6
      • Full bathrooms: 6
      Heating
      • Electric
      Features
      • Has basement: No
      Interior area
      • Total structure area: 6,096
      • Total interior livable area: 6,096 sqft

      Property

      Features
      • Waterfront features: No Access, None
      Lot
      • Size: 9,583 Square Feet
      Details
      • Parcel number: 5001B11L012
      • Zoning: UNK
      • Zoning description: Unknown (re: all MSB)

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Foundation: Concrete Perimeter
      Condition
      • New construction: No
      • Year built: 1976

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Palmer

      Financial & listing details

      • Price per square foot: $262/sqft
      • Date on market: 6/27/2026

        Estimated market value

        $1,554,800

        $1.48M - $1.63M

        Not available

        Price history

        DateEventPrice
        8/15/2026Price change$1,598,000-0.1%$262/sqft
        Source: AKMLS #26-7822 Report a problem
        6/27/2026Listed for sale$1,599,000+120.6%$262/sqft
        Source: AKMLS #26-7822 Report a problem
        3/28/2025Sold--
        Source: AKMLS #24-12350 Report a problem
        2/27/2025Pending sale$725,000$119/sqft
        Source: AKMLS #24-12350 Report a problem
        2/3/2025Listed for sale$725,000$119/sqft
        Source: AKMLS #24-12350 Report a problem
        11/19/2024Pending sale$725,000$119/sqft
        Source: AKMLS #24-12350 Report a problem
        9/25/2024Listed for sale$725,000$119/sqft
        Source: AKMLS #24-12350 Report a problem
        9/19/2024Listing removed$725,000$119/sqft
        Source: AKMLS #23-13019 Report a problem
        7/24/2024Price change$725,000-3.2%$119/sqft
        Source: AKMLS #23-13019 Report a problem
        5/20/2024Listed for sale$749,000$123/sqft
        Source: AKMLS #23-13019 Report a problem
        5/15/2024Pending sale$749,000$123/sqft
        Source: AKMLS #23-13019 Report a problem
        5/11/2024Price change$749,000-6.3%$123/sqft
        Source: AKMLS #23-13019 Report a problem
        4/14/2024Price change$799,000-6%$131/sqft
        Source: AKMLS #24-3869 Report a problem
        3/20/2024Price change$850,000-5.6%$139/sqft
        Source: AKMLS #23-13019 Report a problem
        10/27/2023Listed for sale$900,000+157.1%$148/sqft
        Source: AKMLS #23-13019 Report a problem
        12/21/2010Sold--
        Source: AKMLS #10-10633 Report a problem
        9/28/2010Price change$350,000-4.1%$57/sqft
        Source: Prudential Real Estate #10-10633 Report a problem
        7/31/2010Listed for sale$365,000$60/sqft
        Source: Prudential Jack White Vista RE Mat Su #10-10633 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 99645

        Getting around

        71 / 100
        Very Walkable
        78 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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