Six-Unit Apartment
For Sale
$1,800,000
10 Diane Rd, Columbia Falls, MT 59912
Fully rented residences offer three bedrooms, two bathrooms, and modern finishes in a 2022-built property.
Property Size6,708 SF
Price / SF$268.34
Days on Market55
Property Features for 10 Diane Rd
General Information
Standard status
Active
Size
6,708 SF
Occupancy
100%
Units
Unit Mix
6 x 3BR/2BA
Multifamily Units
6
Additional Details
Cap Rate
6.76%
Building Details
Year Built
2022
Buildings
1
Listing Agency:
Keller Williams Realty Northwest Montana
Listed By:
Matt Smith · License #RRE-RBS-LIC-79057
(406) 471-5430
Source:
Flatheadvalleybrokers
Added: Sep 4
Changed: Oct 25
Last Checked: Oct 26 at 5:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Northwest Montana
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Investment Insights
Based on property information with market context.
Constructed in 2022, this six-unit apartment property contains residences of approximately 1,150 square feet, with three bedrooms and two bathrooms per unit. Modern finishes and efficient layouts support a consistent residential configuration, while the property is fully rented. The offering carries a stated 6.76% cap rate.
The building is located at 10 Diane Rd in Columbia Falls, Montana, minutes from Glacier National Park and Glacier International Airport. The setting also provides access to Whitefish, Kalispell, area employers, and the broader Northwest Montana market. Each residence follows the same three-bedroom, two-bath layout, creating a straightforward multifamily operating profile.
The building is located at 10 Diane Rd in Columbia Falls, Montana, minutes from Glacier National Park and Glacier International Airport. The setting also provides access to Whitefish, Kalispell, area employers, and the broader Northwest Montana market. Each residence follows the same three-bedroom, two-bath layout, creating a straightforward multifamily operating profile.
Key Highlights
- Six‑unit apartment building constructed in 2022
- Each unit measures 1150 square feet with 3 bedrooms and 2 bathrooms
- Fully rented property with a 6.76% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,608
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,252,160
$1.3M
Cap Rate 7%
$894,400
$894.4K
Cap Rate 9%
$695,644
$695.6K
Market Conditions
NOI Build-Up for 6,708 SF
Gross rent
$118.3K $17.64/SF
− Vacancy
−$4.5K −$0.67/SF
EGI
$113.8K $16.97/SF
− OpEx
−$51.2K −$7.64/SF
NOI
$62.6K $9.33/SF
Area
Flathead County, MT
Vacancy
3.80%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,252,160
Cap Rate 7%
$894,400
Cap Rate 9%
$695,644
Alternative Uses
Best Use
Apartment 5plus
$894.4K
$782.6K – $1.04M
NOI $62,608 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,838 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Explore this area
Business Placement
Demographics for 59912, MT
15,395
Population
6,831
Households
2.3
Avg Household Size
43
Median Age
31%
College-Educated
93%
High-School Grad
188.9 sq mi
ZIP Area
81
Density / Sq Mi
$73,515
Median Household Income
$38,529
Median Earnings
$1,052
Median Rent
$438,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully rented residences offer three bedrooms, two bathrooms, and modern finishes in a 2022-built property.
Where is this apartment building located?
The property is located at 10 Diane Rd Columbia Falls, MT.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Six‑unit apartment building constructed in 2022; Each unit measures 1150 square feet with 3 bedrooms and 2 bathrooms; Fully rented property with a 6.76% cap rate
