Fully Occupied
For Sale
$850,000
1704 1st Ave W, Kalispell, MT 59901
Four-unit residential income property with all units occupied and upkeep reported as well maintained.
Property Size2,622 SF
Price / SF$324.18
Days on Market58
Property Features for 1704 1st Ave W
General Information
Standard status
Active
Size
2,622 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
4
Building Details
Year Built
1981
Listing Agency:
eXp Realty - Kalispell
Listed By:
Liz M. Benefield · License #RRE-RBS-LIC-15253
Source:
Mtranchsales
Added: Aug 19
Changed: Oct 11
Last Checked: Oct 15 at 1:26AM
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 eXp Realty - Kalispell
Investment Insights
Based on property information with market context.
This four-unit residential income property was built in 1981 and contains 2,622 of reported property size. All units are currently occupied, providing an established operating profile for an investor evaluating a multifamily acquisition.
The property is located at 1704 1st Ave W in Kalispell, Montana. Its quadplex configuration offers four residential units within one income-producing asset.
The property is located at 1704 1st Ave W in Kalispell, Montana. Its quadplex configuration offers four residential units within one income-producing asset.
Key Highlights
- Four‑unit quadplex configuration
- All units fully occupied
- Built in 1981
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,292
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,840
$525.8K
Cap Rate 7%
$375,600
$375.6K
Cap Rate 9%
$292,133
$292.1K
Market Conditions
NOI Build-Up for 2,622 SF
Gross rent
$39.3K $15.00/SF
− Vacancy
−$1.8K −$0.68/SF
EGI
$37.6K $14.33/SF
− OpEx
−$11.3K −$4.30/SF
NOI
$26.3K $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 Rate 5%
$525,840
Cap Rate 7%
$375,600
Cap Rate 9%
$292,133
Alternative Uses
Best Use
Multifamily LT 5
$375.6K
$328.7K – $438.2K
NOI $26,292 @ 7.0% cap · market cap 3.09%
Second Best
Apartment 5plus
$349.6K
$305.9K – $407.9K
NOI $24,472 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$585.4K
$512.2K – $683.0K
NOI $40,979 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
632
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property with all units occupied and upkeep reported as well maintained.
Where is this quadplex located?
The property is located at 1704 1st Ave W Kalispell, MT.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Four‑unit quadplex configuration; All units fully occupied; Built in 1981
