609 S Cobb ST, Palmer, AK 99645
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609 S Cobb ST, Palmer, AK 99645
609 S Cobb ST, Palmer, AK 99645
609 S Cobb ST, Palmer, AK 99645
609 S Cobb ST, Palmer, AK 99645
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Matt Duke

Matt Duke

+1(907) 885-8811
$ 1,598,000
Est. payment /mo
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Price Dropped by $1K

609 S Cobb ST Palmer, AK 99645

12 Beds

6 Baths

6,096 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,096 sqft

Price per Sqft $262

MLS Listing ID 26-7822

Bedrooms 12

Full Baths 6

Construction Status Existing Structure

Year Built 1976

Lot Size 9,583 Sqft

Acres 0.22

Source Alaska Multiple Listing Service

Property 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.

Location

State AK

Area Pa - Palmer

Zoning UNK - Unknown (re: all MSB)

Direction Coming north into Palmer on the Glenn Highway, turn R at the light on Dogwood, then the subject property is situated in the next intersection.

Interior

Heating Electric

Exterior

Waterfront Description None

Water Access Desc Public

Building

Foundation Poured Concrete

Lot Size Range 0.22

Sewer Public Sewer

Water Public

New Construction No

Construction Status Existing Structure

Schools

Elementary Schools Btv-Undiscl By Ll

Middle Schools Btv-Undiscl By Ll

High Schools Btv-Undiscl By Ll

Others

Tax ID 5001B11L012

Acceptable Financing Cash, Conventional, 1031 Exchange, VA Loan, Other

Listing Terms Cash, Conventional, 1031 Exchange, VA Loan, Other

Alaska MLS
Copyright 2026 Alaska Multiple Listing Service, Inc. All rights reserved
Listed by Keller Williams Realty Alaska Group of Wasilla
Matt Duke

Matt Duke

Agent License ID: 190229

+1(907) 885-8811

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609 S Cobb ST