$1,599,000
Palmer, AK 99645
MLS# 26-7822
12 beds | 6 baths | 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: 2026-06-27
Status: Active
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Bathrooms Half: 0
Bathrooms Three Quarter: 0
Bathrooms Full: 6
Bathrooms Total: 6
Bldgs-Ttl #: 1
Acres: 0.22
SF-Lot: 9583
Lot Area Source: Tax Authority
Zoning: UNK - Unknown (re: all MSB)
Garage Spaces: 0
Carport Spaces: 0
Prkg Spcs: 12
Beds: 12
Year Built: 1976
SF-Res: 6096
Number of Units: 6
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
School-Elementary: BTV-Undiscl by LL
School-Middle: BTV-Undiscl by LL
School-High: BTV-Undiscl by LL
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.
Multi-Family Type
Apartment Style: 1
Multi Family: 1
Building Info
Units- # of 2 BR: 6
Listing Terms Financing
1031 Exchange: 1
Cash: 1
Conventional: 1
VA Loan: 1
Other: 1
Heating
Electric: 1
Foundation Type
Poured Concrete: 1
Wtrfrnt-Access Near
None: 1
Wtrfrnt-Frontage
None: 1
Sewer-Type
Public Sewer: 1
Water Source
Public: 1
Docs Avl for Review
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
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
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.
LBP 
IDX
Listing Office: Keller Williams Realty Alaska Group of Wasilla
Last Updated: June - 27 - 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.