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609 S Cobb Street

Palmer, AK 99645
  • $1,599,000
  • STATUS: Active
  • ON SITE: 17 Days
  • MLS #: 26-7673
UPDATED: 54 min ago
$1,599,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,096
    SQFT
  • $262
    $/SQFT
Neighborhood:
Type:
Commercial
Area:

School Ratings & Info

Description

Exceptional Downtown Palmer Investment Opportunity! Rarely does a property of this caliber become available in the heart of Palmer. This fully remodeled six-plex offers investors a true turnkey asset with all units currently occupied, providing immediate and reliable income from day one. Ideally situated within walking distance of downtown Palmer's shops, restaurants, parks, and local amenities 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.

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Alaska MLS logo DISCLAIMER: 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 Team Dimmick | Keller Williams Realty Alaska Group 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 was last updated on: 2026-07-13T20:36:39.617.

www.teamdimmick.com/homes/178130439
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609 S Cobb Street Palmer, AK 99645

  • Price: $1,599,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 54 min ago
  • MLS #: 26-7673
0
Beds
0
Baths
0
½ Baths
0.22
Acres
6,096
SQFT
$262
$/SQFT
Neighborhood:
Palmer
Area:
Palmer
Property Description
Exceptional Downtown Palmer Investment Opportunity! Rarely does a property of this caliber become available in the heart of Palmer. This fully remodeled six-plex offers investors a true turnkey asset with all units currently occupied, providing immediate and reliable income from day one. Ideally situated within walking distance of downtown Palmer's shops, restaurants, parks, and local amenities 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.
Exterior Features

Foundation Details [] Roof []

Interior Features

Flooring [] Heating Electric Yes

Property Features

Cml Features Corner Lot Yes Cml Features In City Limits Yes Cml Features On Site Parking Yes Construction Materials [] Foreclosure Bank Own No Listing Terms Financing Cash Yes Listing Terms Financing Conventional Yes Listing Terms VALoan Yes MLSArea Major 1D - Matanuska Susitna Borough New Construction YN No Other Structures [] Property Info Construction Status Existing Structure Property Sub Type Single Use Security Features [] Sewer Public Sewer View [] Water Source Public Zoning CG - General Commercial (re: City Palmer)

Alaska MLS logo Listing Office Keller Williams Realty Alaska Group of Wasilla: 907-864-6500. Copyright 2026 Alaska Multiple Listing Service, Inc. All rights reserved.
Alaska MLS logo DISCLAIMER: 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 Team Dimmick | Keller Williams Realty Alaska Group 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 was last updated on: 2026-07-13T20:36:39.617.

 
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Team Dimmick | Keller Williams Realty Alaska Group
1400 W Benson Blvd Suite 370
Anchorage AK, 99503