New Multifamily Investment
For Sale
$1,800,000
10 Diane Road Columbia, Columbia Falls, MT 59912
Six-unit apartment building built in 2022, fully rented.
Property Size6,708 SF
Price / SF$268.34
Days on Market235
Property Features for 10 Diane Road Columbia
General Information
Standard status
Active
Size
6,708 SF
Property subtype
Apartment
Amenities
Ductless
Wall Unit(s)
Electricity Connected
Building Details
Building Size
6,708 SF
Year Built
2022
Listed By:
Matthew Smith · License #79057
(406) 471-5430
Source:
Kw
Added: Feb 12
Changed: Oct 4
Last Checked: Oct 4 at 7:21AM
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 Matthew Smith
Investment Insights
Based on property information with market context.
This six-unit apartment building, constructed in 2022, is offered as a cash-flowing multifamily investment with a 6.76% cap rate. The property is fully rented and located in Columbia Falls, Montana. Each of the six units features a spacious 1150 square feet layout, with 3 bedrooms and 2 bathrooms, and modern finishes. The unit mix is designed to support consistent demand and durable cash flow. The property is situated minutes from Glacier National Park and Glacier International Airport, providing convenient access to Whitefish, Kalispell, major employers, and other Northwest Montana attractions. The location benefits from the ongoing demand for rental properties in Columbia Falls, driven by population growth and tourism. This multifamily property offers investors reliable income and long-term appreciation in a Montana location. The building has a total size of 6708 square feet.
Key Highlights
- New Construction (2022) - Low Maintenance
- 6.76% Cap Rate - Immediate Income**
- Fully Rented Six‑Unit Apartment Building
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.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit apartment building built in 2022, fully rented.
Where is this apartment building located?
The property is located at 10 Diane Road Columbia 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: New Construction (2022) - Low Maintenance; 6.76% Cap Rate - Immediate Income**; Fully Rented Six‑Unit Apartment Building
