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3255 Mars Avenue, Palmer, AK 99645

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For Sale

$375,000

3 beds • 3 baths • 2,527 sqft

Estimated Payment

$ 2,034 /mo. †

6.65% APR for 30 yrs.
$1,300 in taxes
Change Loan Terms

  • Other Residential
    Property type

  • $148.40
    Price per square foot

  • 41-50 Years Old
    Age

Explore this Property

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!
MLS# 23-1965

Courtesy Of exp realty llc

(907) 519-0095

Property Features

  • Age
    41-50 Years Old
  • Architecture Style
    Other
  • Lot Size
    2 Acres
  • View Type
    Mountain

Map and Directions

Directions to 3255 Mars Avenue, Palmer, AK 99645

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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $1,926
  • Property Taxes
    $108
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $2,034

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Butte Elementary School

Grades KG-5 Public School

Palmer, AK 99645 5.8 miles
4006 s butte rd

246 total students
13:1 Student teacher ratio

School Rating: C+

School Details

Palmer Jr. Middle School

Grades 6-8 Public School

Palmer, AK 99645 2.3 miles
1159 s chugach st

491 total students
17:1 Student teacher ratio

School Rating: C-

School Details

Palmer High School

Grades 9-12 Public School

Palmer, AK 99645 2.7 miles
1170 w bogard rd

699 total students
16:1 Student teacher ratio

School Rating: B

School Details
Other Nearby Schools Distance Type Grades School Rating
Academy Charter School 1.3 miles Public KG-8 A+
Sherrod Elementary School 1.4 miles Public 3-5 C+
Swanson Elementary School 1.4 miles Public KG-2
Mat-su Youth Facility 2.6 miles Public 6-12
Valley Pathways 4 miles Public 9-12 C-
Amazing Grace Academy 4.1 miles Private PK-12
Ya Ne Dah Ah School 4.3 miles Private PK-12

Academy Charter School

Distance: 1.3 miles

Type Public

Grades: KG-8

A+

Sherrod Elementary School

Distance: 1.4 miles

Type Public

Grades: 3-5

C+

Swanson Elementary School

Distance: 1.4 miles

Type Public

Grades: KG-2

Mat-su Youth Facility

Distance: 2.6 miles

Type Public

Grades: 6-12

Valley Pathways

Distance: 4 miles

Type Public

Grades: 9-12

C-

Amazing Grace Academy

Distance: 4.1 miles

Type Private

Grades: PK-12

Ya Ne Dah Ah School

Distance: 4.3 miles

Type Private

Grades: PK-12

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Palmer, AK 99645

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Palmer, AK 99645

This community’s employment is highest in the administrative support and healthcare practitioners industries. The area’s overall household expenses are below the national average.

65° July
Hottest Average Month
4° January
Coldest Average Month
11,132 Total Households in Area
6.9% Increase in population since the year 2010
37.8%
of households
have children
30 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Palmer, AK 99645

Palmer, AK 99645 has a population of 32,150 people in 11,132 households with a median age of 35.4 years old.

6.9%
Increase in population
since the year 2010
Population is Trending up
10,570
Total households as of 2010
6.7%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 35.4 years old. The smallest percentage group is 35-44 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 77%
Native American 6%
Hispanic 5%
Asian 2%
Other 2%
Black 1%
The most prevalent ethnicity is White at 77%, followed by Native American at 6%, Hispanic at 5%, and Asian at 2%.

Economics
for Palmer, AK 99645

52 /sq mi
Population Density
$90,014 /yr
Median Household Income
$429,915
Median Sales Price
30 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 15.99% of the households.

Transportation to Work

  • Drive 85%
  • Work from Home 9%
  • Walk or Bike 7%
  • Public Transit 1%

Occupancy by Type

Owned 8,691 69%
Rented 2,441 19%
Vacant 1,458 12%

White vs Blue Collar Jobs







White Collar 72%
Blue Collar 28%

Family & Education Facts
for Palmer, AK 99645

35.4 Median Age

Average Household Size

2.8
persons per
household

58.6%

Married Households

Community Population By Education

High School Graduate 29%
Some College 25%
Bachelors Degree 21%
Associates Degree 11%
Graduate Degree 10%
Some High School 5%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 28.64% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
37.8% of households have children

Weather
for Palmer, AK 99645

The weather for this area ranges from a high of 65° F in July to a low of 4° F in January

65° July
Hottest Average Month
4° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
4°
18°
Feb
7°
23°
Mar
12°
31°
Apr
23°
42°
May
33°
54°
Jun
41°
62°
Jul
46°
65°
Aug
43°
62°
Sep
34°
53°
Oct
22°
37°
Nov
10°
24°
Dec
6°
20°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 Alaska Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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