Triplex with Heated Shop
618 Leonard Lane Kalispell, MT 59901
New
For Sale
$1,750,000
MULTI_FAMILY - Kalispell, MT
Property Size6,466 SF
Lot Size5.49 Acres
Price / SF$270.65
Days on Market3
Property Features for 618 Leonard Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement, Laundry Room
- Parking features
- Open, Garage
- Interior features
- Fireplace, MainLevelPrimary, OpenFloorplan, VaultedCeilings
- Exterior features
- FirePit, SportCourt, PropaneTankLeased
- Fireplace
- 1
- Appliances
- Dryer, Dishwasher, Freezer, Disposal, Microwave, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 07407933402020000
- Lot size
- 5.49 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- S33, T29 N, R20 W, ACRES 5.49, CS 11832-2, TR 5EA IN SESE
- Tax Annual Amount
- 6879
Utilities
- Utilities
- Propane
- Sewer type
- Septic Tank, Private Sewer
- Heating system
- Propane (Heating), Heat Pump (Heating), Geothermal (Heating)
- Cooling system
- Central Air
- Water source
- Well
Building Details
- Year built
- 1999
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- WoodFrame
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Adrianna Douglas · License #RRE-RBS-LIC-109448
(406) 314-3931
Added: Jul 21
Changed: Jul 23
Last Checked: Jul 23 at 12:06PM
MLS# 30075431
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.
Investment Insights
Based on property information with market context.
Triplex-style residential income property in Kalispell, MT featuring a main residence plus two additional living quarters. The main home centers on a chef’s kitchen with a 6' x 10' granite island, granite counters, tile backsplash, under/over-cabinet lighting, and double ovens. Geothermal heating and cooling serves the residence.
The property also includes a 1-bed/1-bath apartment above the garage with its own kitchen and laundry, along with a lower-level suite with a bedroom, bath, and kitchenette.
Outside, a 32' x 40' heated shop and a 44' x 24' garage/shop with built-in shelving provide substantial workspace. The site includes 10 total garage spaces, and the property is described as move-in ready on 5.49 level acres at 618 Leonard Lane.
The property also includes a 1-bed/1-bath apartment above the garage with its own kitchen and laundry, along with a lower-level suite with a bedroom, bath, and kitchenette.
Outside, a 32' x 40' heated shop and a 44' x 24' garage/shop with built-in shelving provide substantial workspace. The site includes 10 total garage spaces, and the property is described as move-in ready on 5.49 level acres at 618 Leonard Lane.
Key Highlights
- 5.49 level acres with 6,466 sq ft total living space, built in 1999
- Chef’s kitchen with 6' x 10' granite island, granite counters, tile backsplash, and double ovens
- Efficient geothermal heating plus central air and heat pump/propane heating
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.0k | $15.00 |
| − Vacancy | −$4.4k | −$0.68 |
| EGI | $92.6k | $14.33 |
| − OpEx | −$27.8k | −$4.30 |
| NOI | $64.8k | $10.03 |
6,466 SF · lease $15.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$926.3K
$810.5K – $1.08M
NOI $64,838 @ 7.0% cap · market cap 3.71%
Second Best
Apartment 5plus
$862.1K
$754.4K – $1.01M
NOI $60,349 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $101,056 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex-style residence with geothermal heating and a heated 32' x 40' shop plus additional garage/shop buildings.
Where is this triplex located?
The property is located at 618 Leonard Lane 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: 5.49 level acres with 6,466 sq ft total living space, built in 1999; Chef’s kitchen with 6' x 10' granite island, granite counters, tile backsplash, and double ovens; Efficient geothermal heating plus central air and heat pump/propane heating
