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    119 5Th Ave W Kalispell, MT 59901

    View on Map
    Sponsored
    For Sale
    $1,750,000

    MULTI_FAMILY - Ranch - Kalispell, MT

    Type:Apartment
    Property size:
    4,916 SF
    Lot size:
    0.16 Acres
    Days on Market:
    118
    Last Refresh:
    Mar 8 at 6:06 am

    Property Features for 119 5Th Ave W

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Apartment
    TransactionType
    Standard
    Standard status
    Active
    Window features
    Screens
    Zoning
    Multi-Family
    Rooms
    Basement, Laundry Room
    APN
    07396618150080000
    Parking features
    On Street, Alley
    Patio and Porch features
    Patio
    Interior features
    Fireplace, VaultedCeilings
    Exterior features
    Courtyard
    Fireplace
    1
    Size
    4,916 SF
    Lot size
    0.16 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Ductless (Heating), Forced Air
    Cooling system
    Wall Unit(s), Central Air, Ductless
    Water source
    Public

    Building Details

    Year built
    2011
    Floors in Building
    1
    Number of units
    6
    Building materials
    WoodSiding, WoodFrame
    Roof type
    Asphalt
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Karen Thomas
    Karen Thomas

    5 Star Realty (406) 212-2500

    Listing agent Karen Thomas (406) 862-1000 License #RRE-BRO-LIC-13629

    Listing date Nov 11, 2025

    MLS# 30051380 Listing URL

    Copyright © 2026 Montana Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Kalispell Multifamily Investment Opportunity

    This fully occupied 6+ unit apartment building, constructed in 2011, is an independent living facility conveniently located in downtown Kalispell, providing easy access to the Flathead Valley. Known as Viljoya, the property features six villa apartments, each offering a full kitchen, dining area, living area, a bedroom, a bathroom, vaulted ceilings, and an in-unit washer/dryer, along with wireless internet and cable. An additional basement living space includes a bathroom, shower, and washer/dryer. Situated on 0.16 of an acre, the 4916 sq ft building offers tenants the choice of a studio or a one-bedroom unit. The facility provides nutritious home-style meals, weekly housekeeping and linen service, weekly activities, a common area, an exercise/recreational room, and additional storage for each unit. Pets are welcome. The property is located near downtown Kalispell amenities such as shopping, entertainment, the hospital, and food establishments. It is suited for an owner-occupant arrangement, where the owner lives in one unit and leases the other five.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Viljoya Enhanced Independent Retirement Community

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Building Supply Nail Salon Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kalispell
    County
    Flathead
    State
    Montana
    Longitude
    -114.3203173
    Latitude
    48.19622042

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    FAQs

    What type of property is this?
    Apartment building - Fully occupied 6-unit apartment building in downtown Kalispell.
    Where is this apartment building located?
    The property is located at 119 5Th Ave W Kalispell, MT.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: - Fully occupied 6+ unit apartment building, providing immediate rental income.; - Located in downtown Kalispell, offering convenient access to amenities, shopping, entertainment, and the hospital.; - Independent living facility (Viljoya) built in 2011, featuring 6 villa apartments with full kitchens, living areas, bedrooms, and bathrooms.
    (406) 862-1000
    Request Owner's contact information
    119 5Th Ave W Kalispell, MT 59901
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    Kalispell, MT 59901
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    119 5Th Ave W Kalispell, MT 59901
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    We can help!
    Listing Contact
    Karen Thomas
    Karen Thomas
    Real Estate License ID: RRE-BRO-LIC-13629
    (406) 862-1000 (406) 212-2500 (817) 300-5001
    Learn more
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