Two-Unit Duplex with
For Sale
$510,000
Pending
1031 4th, 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 Market125
Property Features for 1031 4th
General Information
Standard status
Pending
Size
2,602 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$4,011
Amenities
Garage: Alley Access
Garage Spaces: 0
Style: Multi-Level,Tri-Level
Multi-Level,Tri-Level
Alley Access
Building Details
Year Built
1935
Listing Agency:
A&C Realty Group
Listed By:
Cara Alboucq · License #89014
Source:
Clearwaterproperties
Added: Apr 24
Changed: Aug 23
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
576
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 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
