609 S Cobb Street, Palmer, AK 99645

$1,599,000
Property Type: Commercial Sale Square Footage: 6,096 Lot Size (sq. ft.): 9,583 Status: Active
Current Price: $1,599,000 Last Modified: 6/25/2026

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: Tenants enjoy the convenience of an unbeatable location while owners benefit from strong rental demand in one of Alaska's most desirable communities. Extensively updated throughout, this property features modern improvements, attractive finishes, and well-maintained units designed to maximize tenant satisfaction and long-term value. The thoughtful renovations provide a low-maintenance investment opportunity with the charm and appeal today's renters are seeking. Whether you're looking to expand your portfolio, complete a 1031 exchange, or secure a high-performing multifamily asset, this property checks all the boxes. Opportunities to acquire a fully occupied, fully renovated six-plex in downtown Palmer are exceptionally rare. Don't miss this once-in-a-lifetime chance to own a premier income-producing property in a thriving Alaska market. Strong cash flow, prime location, and quality renovations make this an investment opportunity you won't want to let pass by. Schedule your private tour today and discover the potential of this outstanding multifamily property. Investment Highlights: Fully occupied six-plex generating $11,400 per month ($136,800 annually) in gross rental income. Owner expenses are minimal, with tenants providing strong and consistent cash flow. Extensively remodeled and ideally located within walking distance to downtown Palmer, offering an exceptional turnkey investment opportunity with immediate income and long-term appreciation potential.

More Information MLS# 26-7673

Contract Info

Price-List: 1599000 Date-Listing: 2026-06-25 Status: Active 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

Type of Property: Single Use Realtor.com Type: Commercial Construction Status: Existing Structure % of Space Leased: 100 Acres: 0.22 SF-Lot: 9583.2 Lot Area Source: Tax Authority SF-Res: 6096 Zoning: CG - General Commercial (re: City Palmer)

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.

Property Features

Heating: Electric Sewer: Public Sewer Water Source: Public Features-Commercial: Corner Lot; In City Limits; On-Site Parking Access: Maintained; Paved Listing Terms Financing: 1031 Exchange; Cash; Conventional; VA Loan; Other Documents: Docs Posted on MLS
Listing Office: Keller Williams Realty Alaska Group of Wasilla
Last Updated: June - 25 - 2026
609 S Cobb Street, Palmer, AK 99645- MLS# 26-7673
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.