$1,599,000
Palmer, AK 99645
MLS# 26-7673
6096 sqft
1 / 24
Property Description
An exceptional multifamily investment opportunity in the heart of downtown Palmer! This extensively remodeled sixplex features six spacious 2-bedroom apartments generating $136,800 in annual gross rental income. Nearly every aspect of the property has been updated, offering investors an income-producing asset without the extensive renovations typically associated with older multifamily properties.
Details
Maps
Documents
Contract Info
Price-List: 1599000
Date-Listing: 2026-06-25
Status: Active
Foreclosure/Bank Own: No
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.
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
Each unit features a beautifully updated kitchen, modern bathroom, new flooring, contemporary finishes and its own washer and dryer. Extensive improvements include new windows, doors, siding, lighting, heaters, on-demand water heaters and updated common areas.
Conveniently located in downtown Palmer, near shopping, dining and everyday amenities, this property combines a desirable rental location with substantial recent capital improvements. Tenants pay their own electricity, helping reduce owner-paid operating expenses.
An opportunity to acquire six extensively renovated rental units in one transaction. Rent roll and operating expenses available to qualified buyers. Schedule your private showing today!
LBP 
IDX
Listing Office: Keller Williams Realty Alaska Group of Wasilla
Last Updated: September - 23 - 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.