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Four-Unit Ranch Quadplex
For Sale
$1,980,000

146 Iowa Avenue, Whitefish, MT 59937

ResidentialIncome, Ranch, Whitefish, MT

Property SizeContact for details
Lot Size0.30 Acres
Days on Market161

Property Features for 146 Iowa Avenue

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Zoning Multi-Family
Zoning description WR-4 High density multi-family residential
Rooms Laundry Room
Interior features MainLevelPrimary
Exterior features Breezeway
Appliances Range, Refrigerator
Lot features Level
Directions Turn on West onto Edgewood, to Iowa, to the sign at 146 Iowa
Standard status Active
APN 07429225322017001
Lot size 0.30 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description MORRISON CONDO WFSH T CO 5 AC TR ADD1 L7B8, S25, T31 N, R22 W,, UNIT 1, ASSESSOR# 0000445570 MORRISON CONDO WFSH T CO 5 AC TR ADD1 L7B8, S25, T31 N, R22 W,, UNIT 2, ASSESSOR# 0000445571 MORRISON CONDO WFSH T CO 5 AC TR ADD1 L7B8, S25, T31 N, R22 W,, UNIT 3, ASSESSOR# 0000445572 MORRISON CONDO WFSH T CO 5 AC TR ADD1 L7B8, S25, T31 N, R22 W,, UNIT 4, ASSESSOR# 0000445573
Tax Annual Amount 5218
Legal Description MORRISON CONDO WFSH T CO 5 AC TR ADD1 L7B8, S25, T31 N, R22 W,, UNIT 1, ASSESSOR# 0000445570 MORRISON CONDO WFSH T CO 5 AC TR ADD1 L7B8, S25, T31 N, R22 W,, UNIT 2, ASSESSOR# 0000445571 MORRISON CONDO WFSH T CO 5 AC TR ADD1 L7B8, S25, T31 N, R22 W,, UNIT 3, ASSESSOR# 0000445572 MORRISON CONDO WFSH T CO 5 AC TR ADD1 L7B8, S25, T31 N, R22 W,, UNIT 4, ASSESSOR# 0000445573

Utilities

Sewer type Public Sewer
Water source Public

Amenities

coin laundry

Building Details

Year built 1972
Floors in Building 1
Number of units 4
Building materials VinylSiding, WoodFrame
Roof type Composition
Architectural style Ranch
Listing Agency: Glacier Sotheby's International Realty Whitefish
Listed By: Mary Pat Love · License #RRE-RBS-LIC-6873
Added: Apr 20 Changed: Sep 11 Last Checked: Sep 27 at 1:06PM
MLS# 30068912

Copyright © 2026 Montana Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This four-unit condominium building contains four individually deeded residences, each configured with two bedrooms and one bathroom across approximately 840 square feet. The ranch-style property includes a breezeway, on-site coin laundry, garages, ranges, and refrigerators. Public water and public sewer serve the building, while vinyl siding, wood-frame construction, and a composition roof complete the existing improvements. New garages were added in 2022, the roof was replaced in 2023, and exterior and interior paint have been updated.

Set on a 0.3-acre lot at 146 Iowa Avenue in Whitefish, the property is located in the City Beach neighborhood near downtown Whitefish and Whitefish Lake's City Beach. The property carries WR-4 high-density multi-family zoning. The source information also identifies potential for additional garages and up to three more residences through future development.

Key Highlights

  • Four‑unit condominium building with four individually deeded residences
  • Each residence offers 2 bedrooms, 1 bath, and approximately 840 square feet
  • All four units are currently leased

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Building Supply Electrical Service Locksmith Storage Facility Computer & Electronic Repair Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

991
Businesses Nearby

Demographics for 59937, MT

14,354
Population
8,744
Households
1.6
Avg Household Size
45
Median Age
51%
College-Educated
97%
High-School Grad
310.5 sq mi
ZIP Area
46
Density / Sq Mi
$75,512
Median Household Income
$43,105
Median Earnings
$1,335
Median Rent
$654,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Individually deeded residences with current leases, recent improvements, and public water and sewer.
Where is this quadplex located?
The property is located at 146 Iowa Avenue Whitefish, MT.
What is the asking price?
The asking price for this property is $1,980,000.
What are key features of this property?
This property features: Four‑unit condominium building with four individually deeded residences; Each residence offers 2 bedrooms, 1 bath, and approximately 840 square feet; All four units are currently leased
More about this property
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