Kalispell Multifamily Property For
For Sale
$569,000
1312 2nd, Kalispell, MT 59901
Multifamily property with B-2 zoning on 0.43 acres.
Property Size1,841 SF
Lot Size0.43 Acres
Price / SF$309.07
Days on Market98
Property Features for 1312 2nd
General Information
Standard status
Active
Size
1,841 SF
Lot size
0.43 Acres
Property subtype
Multi Family Home
Taxes and HOA fees
Annual Taxes
$2,684
Amenities
Garage: Additional Parking
Garage Spaces: 1
Style: Other
Other
Additional Parking
1
Building Details
Year Built
1935
Listing Agency:
RE/MAX River View
(406) 212-3676
Listed By:
Melissa Santa · License #79492
Source:
Clearwaterproperties
Added: May 25
Changed: Aug 28
Last Checked: Aug 30 at 6:22PM
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 River View
Investment Insights
Based on property information with market context.
This 0.43-acre property is located on the east side of Kalispell and is zoned B-2. The property includes three buildings: a 1,841 square foot home with three bedrooms and one bathroom, a separate tiny home or office, and a large shop. The property offers unlimited possibilities for investors and developers.
Key Highlights
- Large .43 acre property with B‑2 zoning offers unlimited development possibilities.
- Premium location on the east side of Kalispell.
- Includes a 3‑bedroom home, a tiny home/office, and a large shop.
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
$17,183
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
3.02%
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%
$343,660
$343.7K
Cap Rate 7%
$245,471
$245.5K
Cap Rate 9%
$190,922
$190.9K
Market Conditions
NOI Build-Up for 1,841 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
$32.5K $17.64/SF
− Vacancy
−$1.2K −$0.67/SF
EGI
$31.2K $16.97/SF
− OpEx
−$14.1K −$7.64/SF
NOI
$17.2K $9.33/SF
Area
Flathead County, MT
Vacancy
3.80%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
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%
$343,660
Cap Rate 7%
$245,471
Cap Rate 9%
$190,922
Alternative Uses
Best Use
Apartment 5plus
$245.5K
$214.8K – $286.4K
NOI $17,183 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$411.0K
$359.7K – $479.6K
NOI $28,773 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
454
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?
Multifamily property - Multifamily property with B-2 zoning on 0.43 acres.
Where is this multifamily property located?
The property is located at 1312 2nd 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: Large .43 acre property with B‑2 zoning offers unlimited development possibilities.; Premium location on the east side of Kalispell.; Includes a 3‑bedroom home, a tiny home/office, and a large shop.
