$1,599,000
Palmer, AK 99645
MLS# 26-7673
6096 sqft

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Property 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
Details
Maps
Documents
Contract Info
Foreclosure/Bank Own: No
Price-List: 1599000
Date-Listing: 2026-06-25
Status: Active
Property Info
Realtor.com Type: Commercial
Construction Status: Existing Structure
% of Space Leased: 100
Acres: 0.22
SF-Lot: 9583.2
Lot Area Source: Tax Authority
Zoning: CG - General Commercial (re: City Palmer)
Type of Property: Single Use
SF-Res: 6096
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: PA05
Legal: ARRC #1 L11-12 B11
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.
Listing Terms Financing
1031 Exchange: 1
Cash: 1
Conventional: 1
VA Loan: 1
Other: 1
Heating
Electric: 1
Access
Maintained: 1
Paved: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Features-Commercial
Corner Lot: 1
In City Limits: 1
On-Site Parking: 1
Documents
Docs Posted on MLS: 1
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 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
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.
IDX
Listing Office: Keller Williams Realty Alaska Group of Wasilla
Last Updated: June - 25 - 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.
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