$1,598,00012 bd · 6 ba · 6,096 sqft
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1 / 24SUNLIGHT
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Estimate for Oct 18, 7:26 PM: the sun is below the horizon.
Terrain only — trees, buildings and weather aren’t included. About this estimate
Terrain and sun-exposure estimates are modeled from public elevation data at or near the listing coordinates. They may not reflect the exact building location, trees, nearby structures, snow, recent grading, shoreline or glacier change, weather, or atmospheric conditions. Site elevation and sunlight times are approximate. This is not MLS data, a land survey, a solar-site assessment, an appraisal, or a guarantee of sunlight. Verify site conditions and solar suitability with qualified professionals.
Active
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
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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