609 S Cobb Street, Palmer, AK 99645
Overview
Description
Supplements: ... (Read more) 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 provides investors with a truly turnkey asset while minimizing future maintenance costs. Ideally situated near shopping, restaurants, parks, schools, and major employers, this property enjoys strong rental demand and excellent long-term appreciation potential. Whether you're looking to expand your investment portfolio or complete a 1031 exchange, this income-producing property offers immediate cash flow with updated interiors and a location that continues to attract quality tenants.
Thank you for reading this post, don't forget to subscribe!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
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