609 S Cobb Street, Palmer, AK 99645 (MLS# 26-7822)

609 S Cobb Street, Palmer, AK 99645

$1,598,000
Property Type: Multi-Family Bedrooms: 12 Baths: 6 Square Footage: 6,096 Lot Size (sq. ft.): 9,583 Status: Active
Current Price: $1,598,000 Last Modified: 8/28/2026

Overview

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.

Supplements: 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, p ...

Listing Details MLS# 26-7822

Contract Info

Price-List
1598000
Date-Listing
2026-06-27
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

Realtor.com Type
Multi-Family
Construction Status
Existing Structure
Beds
12
Bathrooms Full
6
Bathrooms Total
6
Bldgs-Ttl #
Yes
Year Built
1976
SF-Res
6096
Number of Units
6
SF-Lot
9583
Acres
0.22
Prkg Spcs
12
Lot Area Source
Tax Authority
Zoning
UNK - Unknown (re: all MSB)

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.

Building Info

Units- # of 2 BR
6

More Information

Property Features

Multi-Family Type: Apartment Style; Multi Family Foundation Type: Poured Concrete Heating: Electric Sewer-Type: Public Sewer Water Source: Public Wtrfrnt-Frontage: None Wtrfrnt-Access Near: None Docs Avl for Review: Docs Posted on MLS Listing Terms Financing: 1031 Exchange; Cash; Conventional; VA Loan; Other
IDX
Listing Office: Keller Williams Realty Alaska Group of Wasilla
Last Updated: August - 28 - 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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