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Stabilized 45-Unit Apartment Community

128 E Evergreen Dr, Kalispell, MT 59901

For Sale
$10,450,000

45-unit multifamily property with 100% occupancy and a unit mix of studios, one- and two-bedroom apartments.

Property Size26,631 SF
Price / SF$392.40
Days on Market111

Property Features for 128 E Evergreen Dr

General Information

Standard status Active
Size 26,631 SF
Property subtype Multi-Family
Occupancy 100%

Additional Details

Cap Rate 6.32%
Multifamily Units 45

Building Details

Year Built 2023
Listing Agency: Silvercreek Realty Group LLC - MT
Listed By: James W Williamson · License #62214
Source: Flatheadvalleybrokers
Added: Jul 20 Changed: Oct 25 Last Checked: Oct 7 at 1:54PM

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 Silvercreek Realty Group LLC - MT

Rey
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Investment Insights

Based on property information with market context.

This stabilized 45-unit apartment community is offered for sale with 100% occupancy. The property includes a mix of studio, one-bedroom, and two-bedroom units, with functional layouts and well-maintained interiors. Professional management is in place to support day-to-day operations.

The asset is located at 128 E Evergreen Dr in Kalispell, Montana. It presents a straightforward opportunity for an investor seeking a fully occupied multifamily building with an established tenancy mix across multiple unit types.

Key Highlights

  • 45‑unit multifamily property built in 2023
  • 100% occupancy reported
  • Unit mix includes studios, one‑bedroom, and two‑bedroom apartments

Property Analytics

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Lease Details

45
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

309
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
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Market

Average Price Trend$/SF for Apartment buildings in Flathead County, MT

$400 Jul
$333 Aug
$345 Sep
$367 Oct

Properties on Market for Apartment buildings in Flathead County

Jul
Aug
Sep
Oct

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 - 45-unit multifamily property with 100% occupancy and a unit mix of studios, one- and two-bedroom apartments.
Where is this apartment building located?
The property is located at 128 E Evergreen Dr Kalispell, MT.
What is the asking price?
The asking price for this property is $10,450,000.
What are key features of this property?
This property features: 45‑unit multifamily property built in 2023; 100% occupancy reported; Unit mix includes studios, one‑bedroom, and two‑bedroom apartments
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