$899,000
Palmer, AK 99645
MLS# 26-7521
12 beds | 8 baths | 5772 sqft
1 / 26
Property Description
Lazy Mountain 8 plex is located in a great area and has gorgeous mountain views from each of the 2-BR upper units (4 units). It has been professionally managed and gross rents are $8220 with room to increase with more updates. Additionally, one unit (#3) is currently a storage room but could be completed to use as a 9th rental unit. Priced to sell quickly!
Details
Maps
Documents
Contract Info
Foreclosure/Bank Own: No
Price-List: 899000
Date-Listing: 2026-06-22
Status: Active
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Bathrooms Half: 0
Bathrooms Three Quarter: 0
Bathrooms Full: 8
Bathrooms Total: 8
Bldgs-Ttl #: 1
Acres: 1.07
SF-Lot: 46609
Lot Area Source: Tax Authority
Zoning: UNK - Unknown (re: all MSB)
Garage Spaces: 0
Carport Spaces: 0
Prkg Spcs: 9
Beds: 12
Year Built: 1985
SF-Res: 5772
Number of Units: 8
Location, Tax and Legal
Region: 1 - Southcentral Alaska Region
Borough/Census Area: 1D - Matanuska Susitna Borough
Grid # (Muni Anch): N/A
Tax Map #-Mat-Su: PA06
Legal: Ptarmigan Terrace L8 B1
Taxes (Estimated): 9052.57
Tax Year: 2025
School-Elementary: Sherrod/Swanson
School-Middle: Palmer
School-High: Palmer
Assessed Value: 849900
Directions and Remarks
Directions: From Palmer, Arctic Ave across Matanuska River to Clark-Wolverine Road, Left on Ptarmigan.
Multi-Family Type
Multi Family: 1
To Show
ShowingTime: 1
Building Info
Units- # of Effcncy: 2
Units-# of 1 BR: 2
Units- # of 2 BR: 4
Listing Terms Financing
AHFC: 1
Cash: 1
Conventional: 1
Exterior Finish
Vinyl: 1
Heating
Natural Gas: 1
Topography
Level: 1
Rolling: 1
Roof Type
Asphalt: 1
Composition: 1
Tile: 1
Construction Type
Block: 1
Foundation Type
Block: 1
View Type
Mountains: 1
Wtrfrnt-Access Near
None: 1
Garage Type
None: 1
Wtrfrnt-Frontage
None: 1
Carport Type
None: 1
Sewer-Type
Septic Tank: 1
Water Source
Private: 1
Well: 1
Access Type
Dedicated Road: 1
Paved: 1
Maintained: 1
Mortgage Info
EM Minimum Deposit: 9000
Docs Avl for Review
Home Inspection: 1
Prop Discl Available: 1
Location Tax and Legal
Area: PA - Palmer
Street #: 15955
Directional: E
Street Name: Ptarmigan
Arterial: Road
Closest USPS Town: Palmer
State: AK
Zip Code: 99645
Property Features
Multi-Family Type: Multi Family
Exterior Finish: Vinyl
Roof Type: Asphalt; Composition; Tile
Foundation Type: Block
Construction Type: Block
Garage Type: None
Carport Type: None
Heating: Natural Gas
Sewer-Type: Septic Tank
Water Source: Private; Well
Access Type: Dedicated Road; Paved; Maintained
View Type: Mountains
Topography: Level; Rolling
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: None
To Show: ShowingTime
Docs Avl for Review: Home Inspection; Prop Discl Available
Listing Terms Financing: AHFC; Cash; Conventional
Supplements
Over $60,000 invested in new septic system and new water filtration system. Newer water heaters & boiler. Vinyl siding, newer flooring. Some units more updated than others. All units except one are metered individually and pay for their own power. Current owner pays for natural gas heat and it is not metered individually.
Conflict of Interest 
IDX
Listing Office: Realty ONE Group Aurora
Last Updated: June - 22 - 2026
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.