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$1,598,000
76 Days On Site

609 S Cobb Street
Palmer, AK 99645

For Sale|Residential Income|Active
12
Beds
6
Total Baths
6
Full Baths
6,096
SqFt
$262
/SqFt
1976
Built
County:
Matanuska-Susitna Borough
Listing courtesy of Dustin Renner of Keller Williams Realty Alaska Group of Wasilla
609 S Cobb Street609 S Cobb Street609 S Cobb Street609 S Cobb Street
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Mortgage Calculator

Monthly Payment (Est.)

$7,291
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

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.

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Listing Snapshot
Price 
$1,598,000
Days On Site 
76 Days
Bedrooms 
12
Inside Area (SqFt) 
6,096 sqft
Total Baths 
6
Full Baths 
6
Partial Baths 
N/A
Lot Size 
0.22 Acres
Year Built 
1976
MLS® Number 
26-7822
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 weeks agoPrice changed to $1,598,000
4 weeks agoListing updated with changes from the MLS®
3 months agoListing first seen on site
General Features
Acres 
0.22
Parking Spaces 
12
Sewer 
Public Sewer
SqFt Total 
6096
Water Source 
Public
Zoning 
UNK - Unknown (re: all MS
Interior Features
Heating 
Electric
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Community Features
MLS Area 
1D - Matanuska Susitna Borough
Financing Terms Available 
CashConventional1031 ExchangeVA Loan
Schools
School District
Unknown
Elementary School
BTV-Undiscl by LL
Middle School
BTV-Undiscl by LL
High School
BTV-Undiscl by LL

The listing content relating to real estate for sale on this website comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than eXp Realty, Inc. are marked with either the listing brokerage's logo or the AK MLS logo, and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Listing Information is updated daily. Copyright 2026 Alaska Multiple Listing Service, Inc. All Rights Reserved.
Last checked: 2026-09-11 10:12 PM UTC. Data Services Provided by Showcase IDX.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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