Dual-Structure Duplex with
117 3rd Avenue E Kalispell, MT 59901
117 3rd Avenue E, Kalispell, MT, 59901
Contact for pricing
For Sale
Contact for pricing
A duplex of two separate structures with private fencing, four bedrooms total, and multiple parking options.
Property Size1,946 SF
Price / SF$305.76
Days on Market84
Property Features for 117 3rd Avenue E
General Information
- Standard status
- Active
- Size
- 1,946 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2004
Listing agency
Keller Williams Realty Northwest Montana
(406) 471-1847
Listed by
Ryan Norris · License #RRE-RBS-LIC-87992
Source
Crexi
Added: Apr 30 Updated: Jul 21 at 7:34AM Checked: Jul 21 at 7:34AM
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
Investment Insights
Based on property information with market context.
This unique duplex features two completely separate structures connected only by a pergola/trellis, creating the feel of two private homes. Combined, the residences offer approximately 1,950 square feet of living space with four bedrooms and two bathrooms. The primary residence was fully remodeled from the foundation up in 2022 and includes two bedrooms, one bathroom, a dedicated office, and an insulated four-season back room for additional flexible use. The secondary unit was built in 2004 and offers two bedrooms, one bathroom, and a convenient kitchenette.
Outside, the property includes tasteful landscaping, low-maintenance paver walkways connecting the homes, and fencing that separates each unit for privacy. The site includes three storage sheds, one dedicated parking spot off 3rd Ave, and up to four additional parking spaces accessible from the alley.
Each unit is configured independently, supporting straightforward owner-occupant living with rental flexibility or a low-maintenance duplex setup for income.
Outside, the property includes tasteful landscaping, low-maintenance paver walkways connecting the homes, and fencing that separates each unit for privacy. The site includes three storage sheds, one dedicated parking spot off 3rd Ave, and up to four additional parking spaces accessible from the alley.
Each unit is configured independently, supporting straightforward owner-occupant living with rental flexibility or a low-maintenance duplex setup for income.
Key Highlights
- Duplex with two completely separate structures, providing independent living with shared pergola/trellis connection
- Total approx. 1,950 SF with 4 bedrooms and 2 bathrooms across both units
- Primary residence fully remodeled from the foundation up in 2022; 2BR, 1BA plus dedicated office and insulated four‑season back room
Local 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 | $29.2k | $15.00 |
| − Vacancy | −$1.3k | −$0.68 |
| EGI | $27.9k | $14.33 |
| − OpEx | −$8.4k | −$4.30 |
| NOI | $19.5k | $10.03 |
1,946 SF · lease $15.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$278.8K
$243.9K – $325.2K
NOI $19,514 @ 7.0% cap · market cap 3.28%
Second Best
Apartment 5plus
$259.5K
$227.0K – $302.7K
NOI $18,163 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$434.5K
$380.2K – $506.9K
NOI $30,414 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - A duplex of two separate structures with private fencing, four bedrooms total, and multiple parking options.
Where is this duplex located?
The property is located at 117 3rd Avenue E Kalispell, MT.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Duplex with two completely separate structures, providing independent living with shared pergola/trellis connection; Total approx. 1,950 SF with 4 bedrooms and 2 bathrooms across both units; Primary residence fully remodeled from the foundation up in 2022; 2BR, 1BA plus dedicated office and insulated four‑season back room
