609 S Cobb Street, Palmer, AK 99645

$1,599,000
Property Type: Multi-Family Bedrooms: 12 Baths: 6 Square Footage: 6,096 Lot Size (sq. ft.): 9,583 Status: Active
Current Price: $1,599,000 Last Modified: 6/29/2026

Overview

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

Supplements: Don't miss this opportunity to own a fully remodeled six-unit apartment building in a prime downtown location. Every spacious 2-bedroom, 1-bathroom unit has been thoughtfully updated with modern finishes and includes the convenience of an in-unit washer and dryer, making this property highly desirable to today's tenants. The extensive renovation p ...

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Listing Details MLS# 26-7822

Contract Info

Price-List
1599000
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)
Bathrooms Half
0
Bathrooms Three Quarter
0
Garage Spaces
0
Carport Spaces
0

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

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
PA05
Legal
ARRC 1 L11-12 B11
School-Elementary
BTV-Undiscl by LL
School-Middle
BTV-Undiscl by LL
School-High
BTV-Undiscl by LL

More Information

Multi-Family Type

Apartment Style
Yes
Multi Family
Yes

Listing Terms Financing

1031 Exchange
Yes
Cash
Yes
Conventional
Yes
VA Loan
Yes
Other
Yes

Heating

Electric
Yes

Foundation Type

Poured Concrete
Yes

Wtrfrnt-Access Near

None
Yes

Wtrfrnt-Frontage

None
Yes

Sewer-Type

Public Sewer
Yes

Water Source

Public
Yes

Docs Avl for Review

Docs Posted on MLS
Yes

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: June - 29 - 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.