Commercial · Single Use · For Sale
609 S Cobb Street
Palmer, AK 99645 · Mat-Su
$1,599,000
| Price | $1,599,000 |
|---|---|
| Building SF | 6,096 SF |
| Lot Size | 0.22 acres (9,583 SF) |
| Zoning | CG - General Commercial (re: City Palmer) |
| APN | 5001B11L012 |
| MLS # | 26-7673 |
Overview
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. 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, this property combines a desirable rental location with substantial recent capital improvements. Tenants pay their own electricity, helping reduce owner-paid operating expenses. An opportunity to acquire six extensively renovated rental units in one transaction. Rent roll and operating expenses available to qualified buyers. Schedule your private showing today!
Location
609 S Cobb Street, Palmer, AK 99645
Listing Office: Keller Williams Realty Alaska Group of Wasilla
AK MLSLast updated September 23, 2026
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