$1,598,000
 $8,578 est/mo Sourced by Back At You

609 S Cobb Street,Palmer, AK 99645

Palmer, AK 99645

Share:

PreviousNext

Description

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.

Details

MLS #26-7822
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1976
Days On Site75
Listing Provided ByKeller Williams Realty Alaska Group of Wasilla | Dustin Renner

Features

Bed(s)12
Bath(s) 6 Total
SQ Feet6,096
Units6
Building(s)1
ZoningUNK - Unknown (re: all MSB)
Acreage0.22

Interior

HeatingElectric
Heating Yes / NoYes

Exterior

Foundation DetailsPoured Concrete

Utilities

SewerPublic Sewer

Location

Frontage TypeNone

Taxes

Tax Map NumberPA05
Tax Legal DescriptionARRC 1 L11-12 B11

Area Information

StateAK
CityPalmer
Zip Code99645
Area1D Matanuska Susitna Borough
SubareaPA Palmer
School DistrictBTV-Undiscl by LL
Elementary SchoolBTV-Undiscl by LL
High SchoolBTV-Undiscl by LL
Listing VS Median (in 99645)
Price:
$1,598,000
low | high
Med:
$499,000
100% of Average
sqft:
6,096
low | high
Med:
1,855
100% of Average
$ / sqft:
$262
low | high
Med:
$270
46.913605660956% of Average
On site:
75
low | high
Med:
31
100% of Average
Sourced by Back At You

Request a showing

Request a showing

Contact

Additional Information

Showing Information

Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Jack White Real Estate at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Alaska MLS.

Contact

Learn More About This Property

Panhia Yang

Panhia Yang

Jack White Real Estate

216812 (907) 227-7190yangpanhia21@gmail.com
StateAK
CityPalmer
Zip Code99645
Area1D Matanuska Susitna Borough
SubareaPA Palmer
School DistrictBTV-Undiscl by LL
Elementary SchoolBTV-Undiscl by LL
High SchoolBTV-Undiscl by LL
Listing VS Median (in 99645)
Price:
$1,598,000
low | high
Med:
$499,000
100% of Average
sqft:
6,096
low | high
Med:
1,855
100% of Average
$ / sqft:
$262
low | high
Med:
$270
46.913605660956% of Average
On site:
75
low | high
Med:
31
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.198M - $1.997M
sqft: 4,500 - 7,500
Nearby Listings Property ImageNearby Listings Details
609 S Cobb Street Property Photo 1
$1,599,000
609 S Cobb Street
Palmer, AK 99645
Listing Updated: August 27, 2026 at 5:31:55 PM PDT
Panhia Yang
License #: 216812
(907) 227-7190
Anchorage - 3801 Centerpoint Drive Suite 200.
Anchorage, AK 99503
Leading Real Estate Companies of the World
Residential Mortgage
HSA Home Warranty
Alyeska
Equal Housing Opportunity

Panhia Yang - Jack White Real Estate