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14-Unit Individually Deeded Apartment Building
New
For Sale
$3,225,000

121 Iowa Avenue, Whitefish, MT 59937

ResidentialIncome, Whitefish, MT

Property Size7,350 SF
Lot Size0.00 Acres
Price / SF$438.78
Days on Market2

Property Features for 121 Iowa Avenue

General Information

Property type Residential Multi Family
Property subtype Apartment
Zoning description WR-4
Appliances Dishwasher, Range, Refrigerator
Lot features Sprinklers In Ground, Level
View Mountains
Elementary school district District No. 44
Middle school district District No. 44
High school district District No. 44
Directions North on Baker Avenue, left onto Edgewood, then turn right onto Iowa Avenue. 121 Iowa Avenue will be on the right.
Standard status Active
APN 07429225327017212
Size 7,350 SF
Lot size 0.00 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description GRIZZLY PEAKS CONDO S2L8 B9 WTC5ACT ADD1, S25, T31 N, R22 W, UNIT 2A, 2B, 2C, 2D, 2E, 2F, 2G, 2H, 2I, 2J, 2K, 2L, 2M, 2N BLDG 2, ASSESSOR# 0000008833, 0008834, 0008835, 0008836, 0008837, 0008838, 0008839, 0008841, 0008842, 0008843, 0008844, 0008845, 0008846, 0008847
Tax Annual Amount 17645
Legal Description GRIZZLY PEAKS CONDO S2L8 B9 WTC5ACT ADD1, S25, T31 N, R22 W, UNIT 2A, 2B, 2C, 2D, 2E, 2F, 2G, 2H, 2I, 2J, 2K, 2L, 2M, 2N BLDG 2, ASSESSOR# 0000008833, 0008834, 0008835, 0008836, 0008837, 0008838, 0008839, 0008841, 0008842, 0008843, 0008844, 0008845, 0008846, 0008847

Utilities

Sewer type Public Sewer
Heating system Baseboard, Electric (Heating)
Water source Public

Amenities

on-site shared laundry facility
off-street parking

Building Details

Year built 2002
Number of units 14
Building materials VinylSiding, WoodFrame
Listing Agency: PureWest Real Estate - Whitefish
Listed By: Sean D Averill · License #RRE-RBS-LIC-11915
Added: Oct 16 Changed: Oct 17 Last Checked: Oct 17 at 8:06AM
MLS# 30079542

Copyright © 2026 Montana Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

Built in 2002, this 7,350-square-foot apartment building contains 14 one-bedroom, one-bathroom residences averaging approximately 525 square feet. Each unit is individually deeded and has its own legal and assessor identification. Shared amenities include an on-site laundry facility, off-street parking, and landscaped grounds. Public water and sewer serve the property, and the units have electric baseboard heat.

The building is in Whitefish, within walking distance of Whitefish Lake and City Beach and a short drive from Whitefish Mountain Resort. Downtown Whitefish, restaurants, shops, and walking and biking trails are also identified among the nearby destinations.

The monthly HOA covers the roof, siding, landscaping, snow removal, insurance, common-area utilities, water for all units, repairs and maintenance, and legal and professional fees. The City does not allow separate water meters.

Key Highlights

  • 14 one‑bedroom, one‑bathroom units, averaging approximately 525 square feet each
  • All 14 residences are individually deeded and have separate legal and assessor identification
  • 7,350‑square‑foot building constructed in 2002

Property Analytics

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Current Use

Cal State Development, ... Consultant Grizzly Peaks Condominums Apartment Building

Suggested Use

Top Pick Building Supply Electrical Service Big Box & Wholesale Store Storage Facility Locksmith Computer & Electronic Repair

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

Lease Details

14
Residential units

Location Intelligence

Trade Area within ½ mile

991
Businesses Nearby

Demographics for 59937, MT

14,354
Population
8,744
Households
1.6
Avg Household Size
45
Median Age
51%
College-Educated
97%
High-School Grad
310.5 sq mi
ZIP Area
46
Density / Sq Mi
$75,512
Median Household Income
$43,105
Median Earnings
$1,335
Median Rent
$654,800
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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Each residence has its own legal and assessor identification, offering separate unit titles within one building.
Where is this apartment building located?
The property is located at 121 Iowa Avenue Whitefish, MT.
What is the asking price?
The asking price for this property is $3,225,000.
What are key features of this property?
This property features: 14 one‑bedroom, one‑bathroom units, averaging approximately 525 square feet each; All 14 residences are individually deeded and have separate legal and assessor identification; 7,350‑square‑foot building constructed in 2002
More about this property
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