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.
For sale
Price cut: $1K (8/15)
$1,598,000
609 S Cobb St, Palmer, AK 99645
12beds
6,096sqft
Multi Family
Built in 1976
-- sqft lot
$1,554,800 Zestimate®
$262/sqft
$-- HOA
What's special
Exterior improvementsCompletely remodeledUpdated kitchensExtensive renovations
- 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#: 26-7822
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
| Date | Event | Price |
|---|---|---|
| 8/15/2026 | Price change | $1,598,000-0.1%$262/sqft |
Source: | ||
| 6/27/2026 | Listed for sale | $1,599,000+120.6%$262/sqft |
Source: | ||
| 3/28/2025 | Sold | -- |
Source: | ||
| 2/27/2025 | Pending sale | $725,000$119/sqft |
Source: | ||
| 2/3/2025 | Listed for sale | $725,000$119/sqft |
Source: | ||
| 11/19/2024 | Pending sale | $725,000$119/sqft |
Source: | ||
| 9/25/2024 | Listed for sale | $725,000$119/sqft |
Source: | ||
| 9/19/2024 | Listing removed | $725,000$119/sqft |
Source: | ||
| 7/24/2024 | Price change | $725,000-3.2%$119/sqft |
Source: | ||
| 5/20/2024 | Listed for sale | $749,000$123/sqft |
Source: | ||
| 5/15/2024 | Pending sale | $749,000$123/sqft |
Source: | ||
| 5/11/2024 | Price change | $749,000-6.3%$123/sqft |
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| 4/14/2024 | Price change | $799,000-6%$131/sqft |
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| 3/20/2024 | Price change | $850,000-5.6%$139/sqft |
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| 10/27/2023 | Listed for sale | $900,000+157.1%$148/sqft |
Source: | ||
| 12/21/2010 | Sold | -- |
Source: | ||
| 9/28/2010 | Price change | $350,000-4.1%$57/sqft |
Source: Prudential Real Estate #10-10633 Report a problem | ||
| 7/31/2010 | Listed 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





