Stabilized Fourplex Apartment
For Sale
$2,050,000
138 Jewel Basin Court, Bigfork, MT 59911
Two fourplex buildings offer fully occupied 2 bed/2 bath units with in-unit laundry and paved parking.
Property Size7,760 SF
Lot Size0.61 Acres
Price / SF$264.18
Days on Market46
Property Features for 138 Jewel Basin Court
General Information
Standard status
Active
Size
7,760 SF
Total Parking Spaces
20
Lot size
0.61 Acres
Zoning
B3
Occupancy
100%
Additional Details
Multifamily Units
8
Building Details
Building Size
7,760 SF
Year Built
2018
Units
8
Tenancy
Multi
Listing Agency:
PureWest Real Estate - Bigfork
(406) 890-3346
Listed By:
Luke Underhill · License #RRE-BRO-LIC-89542
(406) 890-3346
Source:
Purewestrealestate
Added: Jul 10
Changed: Aug 15
Last Checked: Aug 24 at 4:10AM
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 PureWest Real Estate - Bigfork
Investment Insights
Based on property information with market context.
Built in 2019, this offering includes two fourplex buildings totaling eight residential units. Each unit features an open-concept 2-bedroom, 2-bathroom layout with in-unit washers and dryers. Interior finishes include quartz countertops, LVP flooring, and stainless steel appliance packages. Tenants also have private balconies and air conditioning, supporting comfortable year-round living.
The property is located just minutes from the village of Bigfork and Flathead Lake, set on a .61-acre site. Outdoor amenities include fully landscaped grass turf with underground sprinklers and 20 paved shared parking spaces, averaging 2.5 per unit.
The asset is presented as stabilized and fully occupied, with complete financials available to qualified buyers upon execution of an NDA.
The property is located just minutes from the village of Bigfork and Flathead Lake, set on a .61-acre site. Outdoor amenities include fully landscaped grass turf with underground sprinklers and 20 paved shared parking spaces, averaging 2.5 per unit.
The asset is presented as stabilized and fully occupied, with complete financials available to qualified buyers upon execution of an NDA.
Key Highlights
- Two fourplex buildings with 8 total units; all units are 2 bed / 2 bath and fully occupied
- Built in 2018, offering modern unit layouts with open‑concept living areas
- Each unit includes in‑unit washer and dryer, quartz countertops, LVP flooring, and stainless steel appliance packages
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
$77,813
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
3.80%
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%
$1,556,260
$1.6M
Cap Rate 7%
$1,111,614
$1.1M
Cap Rate 9%
$864,589
$864.6K
Market Conditions
NOI Build-Up for 7,760 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
$116.4K $15.00/SF
− Vacancy
−$5.2K −$0.68/SF
EGI
$111.2K $14.33/SF
− OpEx
−$33.3K −$4.30/SF
NOI
$77.8K $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%
$1,556,260
Cap Rate 7%
$1,111,614
Cap Rate 9%
$864,589
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$972.7K – $1.30M
NOI $77,813 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$1.03M
$905.3K – $1.21M
NOI $72,427 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$1.73M
$1.52M – $2.02M
NOI $121,279 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Explore this area
Business Placement
Demographics for 59911, MT
8,722
Population
5,707
Households
1.5
Avg Household Size
55
Median Age
50%
College-Educated
98%
High-School Grad
491.7 sq mi
ZIP Area
18
Density / Sq Mi
$81,846
Median Household Income
$37,500
Median Earnings
$1,158
Median Rent
$608,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Two fourplex buildings offer fully occupied 2 bed/2 bath units with in-unit laundry and paved parking.
Where is this quadplex located?
The property is located at 138 Jewel Basin Court Bigfork, MT.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: Two fourplex buildings with 8 total units; all units are 2 bed / 2 bath and fully occupied; Built in 2018, offering modern unit layouts with open‑concept living areas; Each unit includes in‑unit washer and dryer, quartz countertops, LVP flooring, and stainless steel appliance packages
