Two-Unit Duplex with
For Sale
Contact for pricing
Pending
1031 4th Avenue W A & B, Kalispell, MT 59901
Duplex with two 3-bedroom, 2-bath units, each with in-unit laundry, plus parking for residents.
Property Size2,602 SF
Days on Market126
Property Features for 1031 4th Avenue W A & B
General Information
Standard status
Pending
Size
2,602 SF
Property subtype
Multifamily
Zoning
Residential
Building Details
Year Built
1935
Units
2
Listing Agency:
A&C Realty Group
Listed By:
Cara Alboucq · License #RRE-BRO-LIC-89014
Source:
Crexi
Added: Apr 18
Changed: Aug 18
Last Checked: Aug 17 at 6:45PM
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 A&C Realty Group
Investment Insights
Based on property information with market context.
This income-producing duplex includes two spacious 3-bedroom, 2-bath units. Unit A was built in 2021, while Unit B dates to 1935 and offers a more classic character. Each unit includes in-unit laundry and two parking spaces, and Unit B also features a private patio.
The property is located near downtown, parks, and local amenities in Kalispell. Two long-term leases are already in place, supporting immediate occupancy.
The duplex is situated on a 0.16-acre lot and totals 2,602 square feet across both units, presenting a straightforward two-tenant income setup for an owner-operator or investor.
The property is located near downtown, parks, and local amenities in Kalispell. Two long-term leases are already in place, supporting immediate occupancy.
The duplex is situated on a 0.16-acre lot and totals 2,602 square feet across both units, presenting a straightforward two-tenant income setup for an owner-operator or investor.
Key Highlights
- Income‑producing duplex with 2,602 SF on a 0.16‑acre lot
- Two units, each offering 3 bedrooms and 2 bathrooms
- Each unit includes in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,092
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$521,840
$521.8K
Cap Rate 7%
$372,743
$372.7K
Cap Rate 9%
$289,911
$289.9K
Market Conditions
NOI Build-Up for 2,602 SF
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.
Gross rent
$39.0K $15.00/SF
− Vacancy
−$1.8K −$0.68/SF
EGI
$37.3K $14.33/SF
− OpEx
−$11.2K −$4.30/SF
NOI
$26.1K $10.03/SF
Area
Flathead County, MT
Vacancy
4.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$521,840
Cap Rate 7%
$372,743
Cap Rate 9%
$289,911
Alternative Uses
Best Use
Multifamily LT 5
$372.7K
$326.2K – $434.9K
NOI $26,092 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$346.9K
$303.6K – $404.8K
NOI $24,285 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$580.9K
$508.3K – $677.8K
NOI $40,666 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,072
Businesses Nearby
Explore this area
Business Placement
Demographics for 59901, MT
57,900
Population
25,154
Households
2.3
Avg Household Size
40
Median Age
33%
College-Educated
96%
High-School Grad
468.8 sq mi
ZIP Area
124
Density / Sq Mi
$70,391
Median Household Income
$38,073
Median Earnings
$1,052
Median Rent
$417,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two 3-bedroom, 2-bath units, each with in-unit laundry, plus parking for residents.
Where is this duplex located?
The property is located at 1031 4th Avenue W A & B Kalispell, MT.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Income‑producing duplex with 2,602 SF on a 0.16‑acre lot; Two units, each offering 3 bedrooms and 2 bathrooms; Each unit includes in‑unit laundry
