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For sale
  • $1,599,000

    609 S Cobb St, Palmer, AK 99645

    12beds
    6,096sqft
    : 
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    Multi Family
    Built in 1976
    -- sqft lot
    $1,527,200 Zestimate®
    $262/sqft
    $-- HOA

    What's special

    In-unit washer and dryerUpdated interiors
    Exceptional Downtown Palmer Investment Opportunity! Rarely does a property of this caliber become available in the heart of Palmer. This fully remodeled six-plex offers investors a true turnkey asset with all units currently occupied, providing immediate and reliable income from day one. Ideally situated within walking distance of downtown Palmer's shops, restaurants, parks, and local amenitiesDon't miss this opportunity to own a fully remodeled six-unit apartment building in a prime downtown location. Every spacious 2-bedroom, 1-bathroom unit has been thoughtfully updated with modern finishes and includes the convenience of an in-unit washer and dryer, making this property highly desirable to today's tenants. The extensive renovation provides investors with a truly turnkey asset while minimizing future maintenance costs. Ideally situated near shopping, restaurants, parks, schools, and major employers, this property enjoys strong rental demand and excellent long-term appreciation potential. Whether you're looking to expand your investment portfolio or complete a 1031 exchange, this income-producing property offers immediate cash flow with updated interiors and a location that continues to attract quality tenants.
    17 days
    |
    483
    |
    38
    |

    Likely to sell faster than

    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

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      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

        $1,527,200

        $1.45M - $1.60M

        $1,630/mo

        Price history

        DateEventPrice
        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

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        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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