609 S Cobb Street, Palmer, AK 99645 (MLS# 26-7673)

609 S Cobb Street, Palmer, AK 99645

$1,599,000
Property Type: Commercial Sale Square Footage: 6,096 Lot Size (sq. ft.): 9,583 Status: Active
Current Price: $1,599,000 Last Modified: 9/23/2026

Overview

Description

An exceptional multifamily investment opportunity in the heart of downtown Palmer! This extensively remodeled sixplex features six spacious 2-bedroom apartments generating $136,800 in annual gross rental income. Nearly every aspect of the property has been updated, offering investors an income-producing asset without the extensive renovations typically associated with older multifamily properties.

Supplements: Each unit features a beautifully updated kitchen, modern bathroom, new flooring, contemporary finishes and its own washer and dryer. Extensive improvements include new windows, doors, siding, lighting, heaters, on-demand water heaters and updated common areas.Conveniently located in downtown Palmer, near shopping, dining and everyday amenities, t ...

Listing Details MLS# 26-7673

Contract Info

Price-List
1599000
Date-Listing
2026-06-25
Foreclosure/Bank Own
No

Location Tax and Legal

Area
PA - Palmer
Street #
609
Directional
S
Street Name
Cobb
Arterial
Street
Closest USPS Town
Palmer
State
AK
Zip Code
99645

Property Info

Type of Property
Single Use
Realtor.com Type
Commercial
Construction Status
Existing Structure
% of Space Leased
100
Acres
0.22
SF-Lot
9583.2
Lot Area Source
Tax Authority
SF-Res
6096
Zoning
CG - General Commercial (re: City Palmer)

Directions and Remarks

Directions
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.

More Information

Property Features

Heating: Electric Sewer: Public Sewer Water Source: Public Features-Commercial: Corner Lot; In City Limits; On-Site Parking Access: Maintained; Paved Listing Terms Financing: 1031 Exchange; Cash; Conventional; VA Loan; Other Documents: Docs Posted on MLS
IDX
Listing Office: Keller Williams Realty Alaska Group of Wasilla
Last Updated: September - 23 - 2026
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with 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. Site contains live data.

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