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Two-Unit Duplex with Patios
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1031 4th Avenue W, Kalispell, MT 59901

Duplex with two 3-bedroom, 2-bath units, each with in-unit laundry, plus parking for residents.

Property Size2,602 SF
Price / SF$192.16
Days on Market107

Property Features for 1031 4th Avenue W

General Information

Standard status Active
Size 2,602 SF
Property subtype Multifamily

Building Details

Year Built 1935
Listing Agency: A&C Realty Group
Listed By: Cara Alboucq · License #RRE-BRO-LIC-89014
Source: Crexi
Added: Apr 18 Changed: Jul 21 Last Checked: Aug 1 at 5:11PM

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.

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 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 $39.0k $15.00
− Vacancy −$1.8k −$0.68
EGI $37.3k $14.33
− OpEx −$11.2k −$4.30
NOI $26.1k $10.03
2,602 SF · lease $15.00/SF/yr · vacancy 4.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$372.7K
$326.2K – $434.9K (±1% cap)
NOI $26,092 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$346.9K
$303.6K – $404.8K (±1% cap)
NOI $24,285 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$580.9K
$508.3K – $677.8K (±1% cap)
NOI $40,666 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Locksmith Butcher Grocery & Convenience Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,228
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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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 Kalispell, MT.
What is the asking price?
The asking price for this property is $500,000.
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
More about this property
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