609 S Cobb Street
Palmer, AK 99645
12
Bed
6
Bath
6,096Sqft
9,583Sqft(Lot)
TURNKEY DOWNTOWN PALMER SIX-PLEX | FULLY OCCUPIED | $136,800 ANNUAL GROSS INCOME! Exceptional opportunity to acquire a completely remodeled, income-producing multifamily property in the heart of Palmer. All six spacious 2-bedroom, 1-bath units are currently occupied, generating $11,400/month in gross rental income. Extensively renovated throughout with updated kitchens, bathrooms, flooring, doors, windows, trim, lighting, hardware, heaters, exterior improvements and more. Each unit features its own in-unit washer and dryer, a highly desirable amenity for today's rental marketIdeally located within walking distance of downtown Palmer's restaurants, shopping, parks and amenities. Low owner-paid expenses, strong rental history and extensive renovations make this an attractive opportunity for
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 12Bathroom Information
Total Baths: 6 Full Baths: 6 -
Heating & Cooling
Has Heating: Yes Heating: Electric
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Building Information
Year Built: 1976 Building Area Total: 6096 Private Pool: No
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Lot Information
Main Square Feet: 9583 Square Feet Lot Size Acres: 0.22 Lot Size Square Feet: 9583
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Listing Price Information
Listing Price: $1598000 Original Price: $1599000 Cash, Conventional, 1031 Exchange, VA Loan
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Tax Information
Parcel Number: 5001B11L012 Tax Legal Desc: ARRC 1 L11-12 B11
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School Information
Elementary School: BTV-Undiscl by LLJunior High School: BTV-Undiscl by LLSenior High School: BTV-Undiscl by LL -
Location Information
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. WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| L31 B2 N Cozy Nook Circle, Palmer, AK, 99645 | $540,000 | 4 | 3 | -- | 30,056.40 Sqft |
| 7008 N Aussie Dog Road, Palmer, AK, 99645 | $765,000 | 4 | 3 | -- | 40,075.20 Sqft |
| L30 B2 N Cozy Nook Circle, Palmer, AK, 99645 | $540,000 | 3 | 2 | -- | 31,363.20 Sqft |
| L28 B2 N Cozy Nook Circle, Palmer, AK, 99645 | $776,900 | 4 | 3 | -- | 29,185.20 Sqft |
| L20 B2 E Vista Ridge Ci.., Palmer, AK, 99645 | $908,900 | 4 | 4 | -- | 31,363.20 Sqft |
| L25 B1 E Heartland Loop, Palmer, AK, 99645 | $462,100 | 3 | 2 | -- | 20,473.20 Sqft |
| 10114 E Vista Ridge Cir.., Palmer, AK, 99645 | $662,200 | 4 | 3 | -- | 30,056.40 Sqft |
| 13435 E Cayuga Avenue, Palmer, AK, 99645 | $467,000 | 4 | 3 | -- | 54,014 Sqft |
| 7400 N Mccarrey Street, Palmer, AK, 99645 | $899,000 | 5 | 3 | -- | 193,842 Sqft |
| 8365 N Chester J Circle, Palmer, AK, 99645 | $449,000 | 5 | 6 | -- | 20,473.20 Sqft |
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ByOwner last updated this listing 09/06/2026 @ 11:43
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