Multifamily Income
For Sale
Contact for pricing
151 Toftum Lane, Columbia Falls, MT 59912
Includes an up/down duplex plus a newly constructed tiny home and a mobile home with a separate utility meter.
Property Size3,018 SF
Price / SF$329.69
Days on Market145
Property Features for 151 Toftum Lane
General Information
Standard status
Active
Size
3,018 SF
Property subtype
Multifamily
Additional Details
Cap Rate
10%
Building Details
Year Built
1970
Units
4
Listing Agency:
Ideal Real Estate
Listed By:
Justin Meccia · License #RRE-RBS-LIC-25161
Source:
Crexi
Added: May 5
Changed: Sep 14
Last Checked: Sep 24 at 10:25AM
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 Ideal Real Estate
Investment Insights
Based on property information with market context.
This multi-plex combines an up/down duplex configuration with two additional rental units: a newly constructed tiny home and a mobile home on site. The tiny home is described as newly constructed and shows well, and the mobile home is identified as the only long-term rental. The mobile home also has its own separate utility meter, distinguishing it from the other on-site units.
The property is located at 151 Toftum Lane in Columbia Falls, Montana (59912).
As presented in the remarks, the current rent structure is expected to produce nearly a 10% CAP at the listed price, with all rents tied to the multi-unit setup.
The property is located at 151 Toftum Lane in Columbia Falls, Montana (59912).
As presented in the remarks, the current rent structure is expected to produce nearly a 10% CAP at the listed price, with all rents tied to the multi-unit setup.
Key Highlights
- Built in 1970: main dwelling operates as an up/down duplex.
- On‑site newly constructed tiny home generates rental income.
- Mobile home includes its own separate utility meter.
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
$30,263
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
3.04%
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%
$605,260
$605.3K
Cap Rate 7%
$432,329
$432.3K
Cap Rate 9%
$336,256
$336.3K
Market Conditions
NOI Build-Up for 3,018 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
$45.3K $15.00/SF
− Vacancy
−$2.0K −$0.68/SF
EGI
$43.2K $14.33/SF
− OpEx
−$13.0K −$4.30/SF
NOI
$30.3K $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%
$605,260
Cap Rate 7%
$432,329
Cap Rate 9%
$336,256
Alternative Uses
Best Use
Multifamily LT 5
$432.3K
$378.3K – $504.4K
NOI $30,263 @ 7.0% cap · market cap 3.04%
Second Best
Apartment 5plus
$402.4K
$352.1K – $469.5K
NOI $28,168 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$673.8K
$589.6K – $786.1K
NOI $47,168 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Explore this area
Business Placement
Demographics for 59912, MT
15,395
Population
6,831
Households
2.3
Avg Household Size
43
Median Age
31%
College-Educated
93%
High-School Grad
188.9 sq mi
ZIP Area
81
Density / Sq Mi
$73,515
Median Household Income
$38,529
Median Earnings
$1,052
Median Rent
$438,000
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Includes an up/down duplex plus a newly constructed tiny home and a mobile home with a separate utility meter.
Where is this triplex located?
The property is located at 151 Toftum Lane Columbia Falls, MT.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Built in 1970: main dwelling operates as an up/down duplex.; On‑site newly constructed tiny home generates rental income.; Mobile home includes its own separate utility meter.
