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

121 Iowa Avenue, Whitefish, MT 59937

CommercialSale, 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 Commercial Sale
Property subtype Other
Zoning description WR-4
Interior features OpenFloorplan
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 Electric (Heating), Baseboard
Water source Public

Amenities

on-site laundry

Building Details

Year built 2002
Number of units 14
Building materials VinylSiding, WoodFrame
Roof type Metal
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# 30079497

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 property contains 14 one-bedroom, one-bathroom residences averaging approximately 525 square feet each. Every unit has its own deed and assessor number. Shared amenities include an on-site laundry facility, off-street parking, and maintained grounds. The building has a metal roof, vinyl siding, electric baseboard heat, and public water and sewer service.

The property is in Whitefish, with downtown, Whitefish Lake and City Beach, local shops and restaurants, trails, and Whitefish Mountain Resort among the nearby destinations. The homeowners association covers building exterior items including the roof and siding, landscaping, snow removal, common-area utilities, water for the units, and repair and maintenance costs.

Key Highlights

  • 14 individually deeded condominium units, each with its own assessor number
  • Built in 2002; 7,350 square feet
  • Each residence has 1 bedroom and 1 bathroom, averaging approximately 525 square feet

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 - All residences have separate legal and assessor records, providing individual unit ownership 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 individually deeded condominium units, each with its own assessor number; Built in 2002; 7,350 square feet; Each residence has 1 bedroom and 1 bathroom, averaging approximately 525 square feet
More about this property
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