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    Renovated 12-Unit Multifamily Property Title is generated by Realmo AI

    1430 3rd Avenue E, Kalispell, MT 59901

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    For Sale
    $3,500,000

    Renovated 12-unit multifamily building operated as furnished short-term rentals in Kalispell’s Flathead Valley.

    Type:Commercial
    Property size:
    9,357 SF
    Price / SF:
    $374/SF
    Added:
    Jun 2, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 4 at 1:43 am

    Property Features for 1430 3rd Avenue E

    General Information

    Standard status
    Active
    Size
    9,357 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2002

    We can help!

    Listing Contact
    Cecil Waatti

    Listing agent Cecil Waatti

    Listing office Coldwell Banker Mountain Properties

    Listing date Jun 2, 2026

    Source Clearwaterproperties

    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 Coldwell Banker Mountain Properties

    HighLights

    • Renovated 12‑unit multifamily building (Year built: 2002) in Kalispell’s Flathead Valley
    • Operated as furnished short‑term rentals / Airbnb‑style hospitality asset
    • Units are furnished for guest stays
    • Location supports seasonal demand tied to Glacier National Park and regional recreation
    • Winter demand linked to Whitefish Mountain Resort and the ski season

    Overview

    This beautifully renovated 12-unit multifamily property is currently operated as a furnished short-term rental, marketed in an Airbnb-style hospitality format. Each unit is thoughtfully furnished to function as a convenient guest home base, supporting turnkey stays without requiring immediate tenant outfitting. The property is presented as an income-producing residential asset with an existing hospitality operating model already in place.

    Located in the heart of Montana’s Flathead Valley in Kalispell, the property benefits from proximity to year-round regional recreation. Summer demand is supported by Glacier National Park, lakes, hiking, fishing, and other mountain activities. In winter, travelers are drawn to Whitefish Mountain Resort and the area’s ski season, aligning the operating calendar with seasonal visitor patterns.

    For buyers seeking a renovated multifamily asset already configured for furnished short-term stays, this offering provides a complete, unit-by-unit furnished approach within a 12-unit structure. Since it is currently operating as a hospitality property with strong occupancy noted by the seller, it may appeal to operators who want to maintain the existing furnished rental format and continue serving guests looking for a central Montana base.
    Location Intelligence

    Current Use by Public Records

    The Willows Apartment Complex

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kalispell
    County
    Flathead
    State
    Montana
    Longitude
    -114.3046902
    Latitude
    48.1853065

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    FAQs

    What type of property is this?
    Short term rental property - Renovated 12-unit multifamily building operated as furnished short-term rentals in Kalispell’s Flathead Valley.
    Where is this short term rental property located?
    The property is located at 1430 3rd Avenue E Kalispell, MT.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Renovated 12‑unit multifamily building (Year built: 2002) in Kalispell’s Flathead Valley; Operated as furnished short‑term rentals / Airbnb‑style hospitality asset; Units are furnished for guest stays
    We can help!
    Listing Contact
    Cecil Waatti
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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