Duplex-Style Income
For Sale
$569,000
129 Sleepy Hollow Rd, Kalispell, MT 59901
Spacious home with a separate lower-level rental unit, fenced yard, and covered deck, plus long private driveway parking.
Property Size4,150 SF
Price / SF$137.11
Days on Market49
Property Features for 129 Sleepy Hollow Rd
General Information
Standard status
Active
Size
4,150 SF
Property subtype
Multi-Family
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1965
Listing Agency:
RE/MAX Rocky Mountain Real Estate
Listed By:
Jessica L Bubar · License #55298
Source:
Beckmansrealestatemt
Added: Jul 20
Changed: Aug 31
Last Checked: Sep 5 at 11:14AM
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 RE/MAX Rocky Mountain Real Estate
Investment Insights
Based on property information with market context.
This spacious income residence is configured with a main home plus a separate lower-level rental unit with its own entrance. The main level features 3 bedrooms and 2 bathrooms, with hardwood floors, abundant natural light, and a river rock fireplace in the living room. The updated kitchen includes wood cabinetry, ample counter space, stainless steel appliances, and a large center island.
Outside, the property offers a long private driveway for parking and a mature, tree-lined setting. The fenced backyard includes a covered deck.
The lower-level apartment is a 2-bedroom, 1-bath unit and includes lots of storage. The property also offers additional room for a garage, carport, or storage shed.
Outside, the property offers a long private driveway for parking and a mature, tree-lined setting. The fenced backyard includes a covered deck.
The lower-level apartment is a 2-bedroom, 1-bath unit and includes lots of storage. The property also offers additional room for a garage, carport, or storage shed.
Key Highlights
- 1965‑built home with 3 bedrooms and 2 bathrooms plus a separate lower‑level rental unit
- Total size: 4,150 sqft (main residence and rental combined as provided)
- Main living room features a river rock fireplace and hardwood floors
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
$41,614
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
7.31%
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%
$832,280
$832.3K
Cap Rate 7%
$594,486
$594.5K
Cap Rate 9%
$462,378
$462.4K
Market Conditions
NOI Build-Up for 4,150 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
$62.3K $15.00/SF
− Vacancy
−$2.8K −$0.68/SF
EGI
$59.4K $14.33/SF
− OpEx
−$17.8K −$4.30/SF
NOI
$41.6K $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%
$832,280
Cap Rate 7%
$594,486
Cap Rate 9%
$462,378
Alternative Uses
Best Use
Multifamily LT 5
$594.5K
$520.2K – $693.6K
NOI $41,614 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$553.3K
$484.2K – $645.6K
NOI $38,733 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$926.6K
$810.8K – $1.08M
NOI $64,860 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
297
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Spacious home with a separate lower-level rental unit, fenced yard, and covered deck, plus long private driveway parking.
Where is this duplex located?
The property is located at 129 Sleepy Hollow Rd Kalispell, MT.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: 1965‑built home with 3 bedrooms and 2 bathrooms plus a separate lower‑level rental unit; Total size: 4,150 sqft (main residence and rental combined as provided); Main living room features a river rock fireplace and hardwood floors
