MODELED LOCATION + TRUE SOUTH
Sun direction from the modeled property point
- Sun direction
- 210.2° · SSW
- Sun angle
- 32.7°
- Modeled state
- direct sun at the modeled home point
North-up planModeled pointSun ray
$1,598,00012 bd · 6 ba · 6,096 sqft
1 / 24Active
609 S Cobb Street
Palmer AK 99645
ARRC 1
Keller Williams Realty Alaska Group of Wasilla
12
Bedrooms
6
Bathrooms
6,096
Sq Ft
1976
Year Built
$262/sqft00.22 acres lot
MLS# 26-7822· Listed Jun 27, 2026
Live MLS feedAbout This Home
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 investors looking for immediate income with reduced near-term capital improvement needs. Fully occupied and income-producing from day one. Excellent opportunity for a multifamily investor or 1031 exchange buyer. Rent roll and additional financial information available.
Property Details
Property TypeResidential Income
Full Baths6
Garage Spaces0
Year Built1976
Lot Size0.22 acres
SubdivisionARRC 1
Legal DescriptionARRC 1 L11-12 B11
Parcel #5001B11L012
MLS #26-7822
Heating
Electric
Sewer
Public Sewer
TERRAIN-AWARE SUNLIGHT
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Listing map location estimate — building outline unavailable
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Sun clears the modeled terrain horizon by 30.3 degrees.
Current modeled clearance: 30.3° relative to the terrain skyline.
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Equal Housing Opportunity
Listed by: Dustin Renner · Keller Williams Realty Alaska Group of Wasilla
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Mortgage Estimate
Down payment10% · $159,800
Interest rate7.0%
Loan term30 years
$9,568/mo
$1,438,200 loan · 30yr · 7.0%
Estimate only. Taxes & insurance not included. Rates vary by lender.
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