3255 N 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 | -- | $169 / Sq Ft |
Source: Alaska Multiple Listing Service
MLS Number: 23-1965
APN: 3035B02L002
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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 Ten-X 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 2025 Alaska Multiple Listing Service, Inc. All rights reserved.
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