15955 E Ptarmigan Road, Palmer, AK 99645

$899,000
Property Type: Multi-Family Bedrooms: 12 Baths: 8 Square Footage: 5,772 Lot Size (sq. ft.): 46,609 Status: Active
Current Price: $899,000 Last Modified: 6/26/2026

Overview

Description

Lazy Mountain 8 plex is located in a great area and has gorgeous mountain views from each of the 2-BR upper units (4 units). It has been professionally managed and gross rents are $8220 with room to increase with more updates. Additionally, one unit (#3) is currently a storage room but could be completed to use as a 9th rental unit. Priced to sell quickly!

Supplements: Over $60,000 invested in new septic system and new water filtration system. Newer water heaters & boiler. Vinyl siding, newer flooring. Some units more updated than others. All units except one are metered individually and pay for their own power. Current owner pays for natural gas heat and it is not metered individually.

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Listing Details MLS# 26-7521

Contract Info

Price-List
899000
Date-Listing
2026-06-22
Foreclosure/Bank Own
No

Location Tax and Legal

Area
PA - Palmer
Street #
15955
Directional
E
Street Name
Ptarmigan
Arterial
Road
Closest USPS Town
Palmer
State
AK
Zip Code
99645

Property Info

Realtor.com Type
Multi-Family
Construction Status
Existing Structure
Beds
12
Bathrooms Full
8
Bathrooms Total
8
Bldgs-Ttl #
Yes
Year Built
1985
SF-Res
5772
Number of Units
8
SF-Lot
46609
Acres
1.07
Prkg Spcs
9
Lot Area Source
Tax Authority
Zoning
UNK - Unknown (re: all MSB)
Bathrooms Half
0
Bathrooms Three Quarter
0
Garage Spaces
0
Carport Spaces
0

Directions and Remarks

Directions
From Palmer, Arctic Ave across Matanuska River to Clark-Wolverine Road, Left on Ptarmigan.

Building Info

Units- # of Effcncy
2
Units-# of 1 BR
2
Units- # of 2 BR
4

Mortgage Info

EM Minimum Deposit
9000

More Information

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
PA06
Legal
Ptarmigan Terrace L8 B1
Taxes (Estimated)
9052.57
Tax Year
2025
School-Elementary
Sherrod/Swanson
School-Middle
Palmer
School-High
Palmer
Assessed Value
849900

Multi-Family Type

Multi Family
Yes

To Show

ShowingTime
Yes

Listing Terms Financing

AHFC
Yes
Cash
Yes
Conventional
Yes

Exterior Finish

Vinyl
Yes

Heating

Natural Gas
Yes

Topography

Level
Yes
Rolling
Yes

Roof Type

Asphalt
Yes
Composition
Yes
Tile
Yes

Construction Type

Block
Yes

Foundation Type

Block
Yes

View Type

Mountains
Yes

Wtrfrnt-Access Near

None
Yes

Garage Type

None
Yes

Wtrfrnt-Frontage

None
Yes

Carport Type

None
Yes

Sewer-Type

Septic Tank
Yes

Water Source

Private
Yes
Well
Yes

Access Type

Dedicated Road
Yes
Paved
Yes
Maintained
Yes

Docs Avl for Review

Home Inspection
Yes
Prop Discl Available
Yes

Property Features

Multi-Family Type: Multi Family Exterior Finish: Vinyl Roof Type: Asphalt; Composition; Tile Foundation Type: Block Construction Type: Block Garage Type: None Carport Type: None Heating: Natural Gas Sewer-Type: Septic Tank Water Source: Private; Well Access Type: Dedicated Road; Paved; Maintained View Type: Mountains Topography: Level; Rolling Wtrfrnt-Frontage: None Wtrfrnt-Access Near: None To Show: ShowingTime Docs Avl for Review: Home Inspection; Prop Discl Available Listing Terms Financing: AHFC; Cash; Conventional
IDX
Listing Office: Realty ONE Group Aurora
Last Updated: June - 26 - 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.