609 S Cobb Street, Palmer, AK 99645

$1,599,000
Property Type: Multi-Family Bedrooms: 12 Baths: 6 Square Footage: 6,096 Lot Size (sq. ft.): 9,583 Status: Active
Current Price: $1,599,000 Last Modified: 6/27/2026

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: 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.

More Information MLS# 26-7822

Contract Info

Price-List: 1599000 Date-Listing: 2026-06-27 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

Realtor.com Type: Multi-Family Construction Status: Existing Structure Beds: 12 Bathrooms Full: 6 Bathrooms Total: 6 Bldgs-Ttl #: 1 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)

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

Property Features

Multi-Family Type: Apartment Style; Multi Family Foundation Type: Poured Concrete Heating: Electric Sewer-Type: Public Sewer Water Source: Public Wtrfrnt-Frontage: None Wtrfrnt-Access Near: None Docs Avl for Review: Docs Posted on MLS Listing Terms Financing: 1031 Exchange; Cash; Conventional; VA Loan; Other
Listing Office: Keller Williams Realty Alaska Group of Wasilla
Last Updated: June - 27 - 2026
609 S Cobb Street, Palmer, AK 99645- MLS# 26-7822
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.