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Four units. Two buildings. One outstanding Palmer Fishhook investment opportunity. Situated on .92 acre with mountain views and excellent sun exposure, this detached fourplex is configured as two duplex buildings and offers three 2-bedroom, 1-bath units plus one 1-bedroom, 1-bath unit.See more/addendums All units are occupied by month-to-month tenants, with current rents reported by the seller to be below market, creating potential upside for the next owner. Each unit includes appliances. The property is served by two separate septic systems; lower units feature in-floor heat, while upper units have baseboard heat. Durable vinyl siding and metal roofing complement numerous upgrades completed during the current ownership.Building One has a distinctive Palmer history. Prior marketing materials identify the structure as the "Historic Palmer House Project" and describe the original home as having been built in Palmer in approximately 1950 before being relocated to this site. The building was placed on its current foundation, completed and remodeled by the current owner, creating the duplex configuration that exists today.Building Two was constructed in 2006 and includes a convenient onsite coin-operated laundry room serving all four units, along with additional storage.Landscaped grounds, excellent sun exposure, impressive mountain views, proximity to recreation, and convenient access to Palmer, Wasilla and Anchorage make this a compelling addition to an investment portfolio.The property also carries another unique piece of local history. True to its Smokey Joe Acres legal description, the as-built drawing identifies the marked resting place of Smokey Joe, the horse whose story remains part of the property's Palmer history.Preapproved buyers required prior to showing. Please respect tenant privacy.
Property Type(s):
Multi Family
| Last Updated | 8/7/2026 | Tract | Smokey Joe |
|---|---|---|---|
| Year Built | 2006 | Community | 1D - Matanuska Susitna Borough |
| County | Matanuska-Susitna Borough |
SCHOOLS
| Elementary School | Sherrod/Swanson |
|---|---|
| Jr. High School | Palmer |
| High School | Palmer |
Additional Details
| APPLIANCES | Washer/Dryer |
|---|---|
| AREA | 1D - Matanuska Susitna Borough |
| CONSTRUCTION | Frame, Unknown, Vinyl Siding, Wood Siding |
| HEAT | Baseboard, Natural Gas, Radiant Floor |
| LOT | 0.92 acre(s) |
| LOT DESCRIPTION | Level |
| LOT DIMENSIONS | 40075.2 |
| PARKING | Other |
| SEWER | Septic Tank |
| SUBDIVISION | Smokey Joe |
| TAXES | 5553 |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s) |
| WATER | Well |
Listing Office: Real Estate Brokers of Alaska
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 Petersburg Properties LLC are marked with either the listing brokerage’s logo or 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.
Copyright 2026 Alaska Multiple Listing Service, Inc. All rights reserved
This IDX solution is (c) Diverse Solutions 2026.
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