$1,598,000
Palmer, AK 99645
MLS# 26-7822
12 beds | 6 baths | 6096 sqft
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Property Description
TURNKEY DOWNTOWN PALMER SIX-PLEX | FULLY OCCUPIED | $136,800 ANNUAL GROSS INCOME! Exceptional opportunity to acquire a completely remodeled, income-producing multifamily property in the heart of Palmer. All six spacious 2-bedroom, 1-bath units are currently occupied, generating $11,400/month in gross rental income.
Details
Maps
Documents
Contract Info
Price-List: 1598000
Date-Listing: 2026-06-27
Status: Active
Foreclosure/Bank Own: No
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
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
Extensively renovated throughout with updated kitchens, bathrooms, flooring, doors, windows, trim, lighting, hardware, heaters, exterior improvements and more. Each unit features its own in-unit washer and dryer, a highly desirable amenity for today's rental marketIdeally located within walking distance of downtown Palmer's restaurants, shopping, parks and amenities. Low owner-paid expenses, strong rental history and extensive renovations make this an attractive opportunity for investors looking for immediate income with reduced near-term capital improvement needs.
Fully occupied and income-producing from day one. Excellent opportunity for a multifamily investor or 1031 exchange buyer. Rent roll and additional financial information available.
LBP 
IDX
Listing Office: Keller Williams Realty Alaska Group of Wasilla
Last Updated: August - 28 - 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.