Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    338 Jennings Avenue Whitefish, MT 59937

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $415,000

    LAND - Whitefish, MT

    Lot size:
    0.22 Acres
    Added:
    Mar 2, 2026
    Days on Market:
    49
    Last Refresh:
    Apr 20 at 1:06 am

    Property Features for 338 Jennings Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    07429236225200000
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    SCHULTZ SUB, S36, T31 N, R22 W, Lot 2
    Tax Annual Amount
    1404

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Sharon G Kahle

    Listing agent Sharon G Kahle License #RRE-BRO-LIC-35680

    Listing office Berkshire Hathaway HomeServices - Whitefish 1020 South Avenue W, Missoula, MT

    Listing date Mar 2, 2026

    MLS# 30066177 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.

    Overview

    Whitefish Residential Development Opportunity

    This residential development opportunity is a duplex or townhome zoned lot in a desirable walk-to-town location in Whitefish. The 100' x 94' lot offers an approximately 80' x 50' buildable envelope with setbacks of 25' front, 20' rear, and 10' on each side. The lot's street frontage is on the east side, allowing for western exposure and potential views toward Whitefish Mountain Resort. The generous width provides flexibility for garage placement, functional floorplans, and attractive curb appeal. Located in a quiet, established neighborhood known for its safety and strong property values, the 0.218-acre lot offers convenient access to downtown Whitefish shops, dining, schools, and trails. It is ideal for investors or builders looking to develop two townhomes or a duplex in a market with continued demand for well-located new construction. Opportunities for multi-unit zoning this close to downtown are increasingly limited.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Whitefish
    County
    Flathead
    State
    Montana
    Longitude
    -114.3456107
    Latitude
    48.4090142

    Nearby Similar for Sale

    • $895,000

      Whitefish Multifamily Opportunity

      Versatile property near Whitefish with two homes and acreage.
      1785 Hodgson Road, Whitefish, MT 59937
      View Details
    • $945,000

      Whitefish Land in Iron Horse

      2.51-acre lot in Iron Horse community, ready to build.
      107 Kinnikinnik Circle, Whitefish, MT 59937
      View Details
    • $13,500,000

      Iconic Whitefish Commercial Landmark

      Prime commercial property with diverse revenue streams in Whitefish, Montana.
      130 Central Avenue unit: A, Whitefish, MT 59937
      View Details
    • $795,000

      Whitefish Commercial Land Opportunity

      0.66 acre commercial land for sale in Whitefish, Montana.
      6335 Us Hwy 93 S, Whitefish, MT 59937
      View Details
    • $2,249,000

      Highway Frontage Development Opportunity

      5.76 acres with high visibility and income potential.
      5710 US Hwy 93 S, Whitefish, MT 59937
      View Details
    • $2,249,000

      Highway Frontage Development Opportunity

      5.76 acres with high visibility and income potential.
      5710 US Hwy 93 S, Whitefish, MT 59937
      View Details
    • $800,000

      Commercial Land in Whitefish, MT

      Rare commercial lots near downtown Whitefish with Highway 93 access.
      6335 Us Highway 93 S, Whitefish, MT 59937
      View Details
    • $2,795,000

      39 Acres Near Downtown Whitefish

      Versatile 39-acre property near downtown Whitefish with commercial potential.
      675 Beaver Lake Road, Whitefish, MT 59937
      View Details
    • $950,000

      Whitefish Commercial Land Opportunity

      1.15 acre commercial land parcel in Whitefish, Montana.
      6335 Us Highway 93 S, Whitefish, MT 59937
      View Details
    • $800,000

      Whitefish Land Near Downtown

      Two lots totaling over 1/2 acre near downtown Whitefish.
      451 and 459 Karrow Avenue, Whitefish, MT 59937
      View Details
    • $650,000

      Whitefish Commercial Land For Sale

      0.54 acre commercial lot in Whitefish, Montana.
      6335 Us Highway 93 S, Whitefish, MT 59937
      View Details
    • $400,000

      Whitefish Land Near Downtown

      Residential lot near downtown Whitefish with development potential.
      459 Karrow Avenue, Whitefish, MT 59937
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Duplex/townhome zoned lot near downtown Whitefish.
    Where is this residential land & home lot located?
    The property is located at 338 Jennings Avenue Whitefish, MT.
    What is the asking price?
    The asking price for this property is $415,000.
    What are key features of this property?
    This property features: Prime residential development opportunity in a highly desirable walk‑to‑town location in Whitefish.; Zoned for a duplex or townhomes, offering multi‑unit development potential.; Located in a quiet, established neighborhood known for its safety and strong property values.
    (406) 270-9468
    We can help!
    Listing Contact
    Sharon G Kahle
    Real Estate License ID: RRE-BRO-LIC-35680
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!