Updated Duplex with Attached
New
For Sale
Contact for pricing
2000 & 2002 Greatview Drive, Kalispell, MT 59901
Two leased residences combine private outdoor space with recent building-system and exterior improvements.
Property Size2,912 SF
Price / SF$266.14
Days on Market6
Property Features for 2000 & 2002 Greatview Drive
General Information
Standard status
Active
Size
2,912 SF
Total Parking Spaces
4
Property subtype
Multifamily
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Parking per Unit
2
Building Details
Year Built
2000
Units
2
Tenancy
Multi
Listing Agency:
National Parks Realty of Whitefish (Inactive)
Listed By:
Scott Freudenberger · License #RRE-RBS-LIC-15518
Source:
Crexi
Added: Aug 29
Changed: Sep 1
Last Checked: Sep 1 at 9:32PM
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 National Parks Realty of Whitefish (Inactive)
Investment Insights
Based on property information with market context.
This duplex, completed in 2000, contains 2,912 square feet across two separately configured residences. Each unit offers three bedrooms, 2.5 bathrooms, an attached two-car garage, and a fenced backyard. The property includes a new roof, windows, gutters, fascia, and exterior light fixtures, along with new carpet in one residence and a new furnace in the other.
Both units are leased, providing an established occupancy profile for the property. The layout may also support evaluation of condominium conversion and individual unit sales, subject to applicable requirements and approvals. The combination of dual residences, garage parking, private yards, and documented recent improvements gives the asset a practical multifamily configuration.
Both units are leased, providing an established occupancy profile for the property. The layout may also support evaluation of condominium conversion and individual unit sales, subject to applicable requirements and approvals. The combination of dual residences, garage parking, private yards, and documented recent improvements gives the asset a practical multifamily configuration.
Key Highlights
- Two‑unit duplex totaling 2,912 square feet
- Each residence has 3 bedrooms and 2.5 bathrooms
- Attached 2‑car garage provided for each unit
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
$29,200
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
3.77%
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%
$584,000
$584.0K
Cap Rate 7%
$417,143
$417.1K
Cap Rate 9%
$324,444
$324.4K
Market Conditions
NOI Build-Up for 2,912 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
$43.7K $15.00/SF
− Vacancy
−$2.0K −$0.68/SF
EGI
$41.7K $14.33/SF
− OpEx
−$12.5K −$4.30/SF
NOI
$29.2K $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%
$584,000
Cap Rate 7%
$417,143
Cap Rate 9%
$324,444
Alternative Uses
Best Use
Multifamily LT 5
$417.1K
$365.0K – $486.7K
NOI $29,200 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$388.3K
$339.7K – $453.0K
NOI $27,179 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$650.2K
$568.9K – $758.5K
NOI $45,511 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
102
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two leased residences combine private outdoor space with recent building-system and exterior improvements.
Where is this duplex located?
The property is located at 2000 & 2002 Greatview Drive Kalispell, MT.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,912 square feet; Each residence has 3 bedrooms and 2.5 bathrooms; Attached 2‑car garage provided for each unit
