609 S Cobb ST, Palmer, AK 99645
609 S Cobb ST, Palmer, AK 99645
609 S Cobb ST, Palmer, AK 99645
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Aurora Courtney

Aurora Courtney

+1(907) 302-2676
$1,599,000
Est. payment /mo
6,096 SqFt
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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 6,096 sqft

Price per Sqft $262

MLS Listing ID 26-7673

Construction Status Existing Structure

Lot Size 9,583 Sqft

Acres 0.22

Source Alaska Multiple Listing Service

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.

Location

State AK

Area Pa - Palmer

Zoning CG - General Commercial (re: City Palmer)

Direction 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.

Interior

Heating Electric

Exterior

Water Access Desc Public

Accessibility , Paved, Maintained

Building

Lot Size Range 0.22

Sewer Public Sewer

Water Public

New Construction No

Construction Status Existing Structure

Others

Tax ID 5001B11L012

Acceptable Financing Cash, Conventional, 1031 Exchange, VA Loan, Other

Listing Terms Cash, Conventional, 1031 Exchange, VA Loan, Other

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Listed by Keller Williams Realty Alaska Group of Wasilla

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Aurora Courtney

Aurora Courtney

+1(907) 302-2676

Associate Broker | License ID: 100653, 500072

Associate Broker License ID: 100653, 500072

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