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609 S Cobb Street, Palmer, AK 99645
Overview
Description
Supplements: ... (Read more) Tenants enjoy the convenience of an unbeatable location while owners benefit from strong rental demand in one of Alaska's most desirable communities.Extensively updated throughout, this property features modern improvements, attractive finishes, and well-maintained units designed to maximize tenant satisfaction and long-term value. The thoughtful renovations provide a low-maintenance investment opportunity with the charm and appeal today's renters are seeking.Whether you're looking to expand your portfolio, complete a 1031 exchange, or secure a high-performing multifamily asset, this property checks all the boxes. Opportunities to acquire a fully occupied, fully renovated six-plex in downtown Palmer are exceptionally rare.Don't miss this once-in-a-lifetime chance to own a premier income-producing property in a thriving Alaska market. Strong cash flow, prime location, and quality renovations make this an investment opportunity you won't want to let pass by. Schedule your private tour today and discover the potential of this outstanding multifamily property. Investment Highlights: Fully occupied six-plex generating $11,400 per month ($136,800 annually) in gross rental income. Owner expenses are minimal, with tenants providing strong and consistent cash flow. Extensively remodeled and ideally located within walking distance to downtown Palmer, offering an exceptional turnkey investment opportunity with immediate income and long-term appreciation potential.
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.
Location, Tax and Legal
- Region
- 1 - Southcentral Alaska Region
- Borough/Census Area
- 1D - Matanuska Susitna Borough
- Grid # (Muni Anch)
- N/A
- Tax Map #-Mat-Su
- PA05
- Legal
- ARRC 1 L11-12 B11
Listing Terms Financing
- 1031 Exchange
- Yes
- Cash
- Yes
- Conventional
- Yes
- VA Loan
- Yes
- Other
- Yes
More Information
Heating
- Electric
- Yes
Access
- Maintained
- Yes
- Paved
- Yes
Sewer
- Public Sewer
- Yes
Water Source
- Public
- Yes
Features-Commercial
- Corner Lot
- Yes
- In City Limits
- Yes
- On-Site Parking
- Yes
Documents
- Docs Posted on MLS
- Yes


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