3255 Mars Ave Palmer, AK 99645
Lazy Mountain NeighborhoodEstimated payment $2,088/month
Highlights
- 2.27 Acre Lot
- Washer and Dryer
- Heating Available
- Views
About This Home
Charming, recently updated 3-unit building on Lazy Mountain with 10% cap rate, appraised at $395,000! A head-to-toe remodel of this older home created these three lovely units, used successfully for both long-term rental and Airbnb. Two large studios and one 1BR, all spacious, comfy, and cute! Very private 2.27 acres, with Lazy Mountain views.Buyer financing fell through two days before closing - take advantage of this rental income opportunity before someone else does! Live in one and rent the others, live with multi-generations or extended family, and enjoy the views, outdoor access, and rural character of one of the Valley's most desirable areas: Lazy Mountain.
- Brand new septic in 2023!!
- $50,000 of repairs and improvements made in 2023/24 (septic, driveway, health/safety items, lower unit flooring)!!
- Loft Airbnb income $14,000 in 2022
- Current rents: $1349 lower, $1299 middle, $949 upper
Neighboring 2 acre lot also available, at 3205 N Mars Av, MLS #23-14086.
Come take a look at this amazing opportunity on lovely Lazy Mountain - contact a real estate licensee to set up a showing today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,300
Year Built
- Built in 1977
Parking
- 6 Parking Spaces
Home Design
- 2,527 Sq Ft Home
- Triplex
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Full Bathrooms
Schools
- Butte Elementary School
- Palmer Middle School
- Palmer High School
Utilities
- Heating Available
- Well
- Septic Tank
Additional Features
- Washer and Dryer
- 2.27 Acre Lot
- Property Views
Community Details
Overview
- 3 Units
Building Details
- Operating Expense $4,700
- Gross Income $42,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,886 | $237,400 | $32,000 | $205,400 |
| 2024 | $1,886 | $152,600 | $32,000 | $120,600 |
| 2023 | $1,774 | $147,400 | $32,000 | $115,400 |
| 2022 | $1,710 | $136,100 | $32,000 | $104,100 |
| 2021 | $1,692 | $122,200 | $32,000 | $90,200 |
| 2020 | $2,502 | $174,900 | $32,000 | $142,900 |
| 2019 | $867 | $60,100 | $32,000 | $28,100 |
| 2018 | $561 | $50,900 | $32,000 | $18,900 |
| 2017 | $1,178 | $82,000 | $32,000 | $50,000 |
| 2016 | $1,156 | $82,700 | $32,000 | $50,700 |
| 2015 | $1,018 | $84,100 | $32,000 | $52,100 |
| 2014 | $1,018 | $71,900 | $32,000 | $39,900 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/24/2025 09/24/25 | Pending | -- | -- | -- |
| 04/01/2025 04/01/25 | Off Market | -- | -- | -- |
| 03/15/2025 03/15/25 | For Sale | $375,000 | 0.0% | $148 / Sq Ft |
| 01/16/2025 01/16/25 | Pending | -- | -- | -- |
| 10/08/2023 10/08/23 | Price Changed | $375,000 | -10.5% | $148 / Sq Ft |
| 09/22/2023 09/22/23 | Price Changed | $419,000 | -1.9% | $166 / Sq Ft |
| 05/06/2023 05/06/23 | For Sale | $427,000 | 0.0% | $169 / Sq Ft |
| 04/24/2023 04/24/23 | Pending | -- | -- | -- |
| 03/10/2023 03/10/23 | For Sale | $427,000 | +153.4% | $169 / Sq Ft |
| 02/16/2018 02/16/18 | Sold | -- | -- | -- |
| 02/02/2018 02/02/18 | Pending | -- | -- | -- |
| 11/10/2017 11/10/17 | For Sale | $168,500 | -- | $55 / Sq Ft |
Source: Alaska Multiple Listing Service
MLS Number: 23-1965
APN: 3035B02L002
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