201 & 205 Hungry Horse, Hungry Horse, MT 59919

Building Details

Year Built 1994 More

Listing Agency: Beckman's Real Estate

Listed By: Jacob Kaider · License MT RRE-RBS-LIC-135427

Source: Clearwaterproperties

Added: Apr 24 Changed: Nov 12 Last Checked: Nov 12 at 5:07AM

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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 Beckman's Real Estate

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Investment Insights

Based on property information with market context.

This mixed-use corner property includes three residential rental units and one commercial unit, with reported total rental income of $2,700 per month. The sale is described as turnkey and includes the land, buildings, and select fixtures. A spacious owner-utilized tandem garage is also included as part of the configuration.

Located at 201 & 205 Hungry Horse Boulevard in Hungry Horse, MT, the property fronts Highway 2, described as the primary gateway to Glacier National Park. Public remarks note that more than 2 million annual visitors pass the front door.

The property is reported to have a successful 30-year operational history, and the current owner’s transition to retirement is referenced in the offering materials.

Key Highlights

• Corner lot along Highway 2, with 3 residential rental units generating $2,700/month
• Includes an additional commercial unit plus a spacious owner‑utilized tandem garage
• Year built: 1994

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,857

Cap Rate

5.23%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$417,140 $417.1K

Cap Rate 7%

$297,957 $298.0K

Cap Rate 9%

$231,744 $231.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,080 SF

Gross rent

$31.2K $15.00/SF

− Vacancy

−$1.4K −$0.68/SF

EGI

$29.8K $14.33/SF

− OpEx

−$8.9K −$4.30/SF

NOI

$20.9K $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%

$417,140

Cap Rate 7%

$297,957

Cap Rate 9%

$231,744

Alternative Uses

Best Use

Multifamily LT 5

$298.0K

$260.7K – $347.6K (±1% cap)

NOI $20,857 @ 7.0% cap · market cap 5.23%

Second Best

Apartment 5plus

$277.3K

$242.7K – $323.6K (±1% cap)

NOI $19,413 @ 7.0% cap · market cap 4.87%

Theoretical Best

Office A

$464.4K

$406.4K – $541.8K (±1% cap)

NOI $32,508 @ 7.0% cap · market cap 8.15%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

3

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

83

Businesses Nearby

Explore this area Business Placement

Demographics for 59919, MT

828

Population

524

Households

1.6

Avg Household Size

46

Median Age

26%

College-Educated

90%

High-School Grad

2.3 sq mi

ZIP Area

360

Density / Sq Mi

$47,188

Median Earnings

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Frequently Asked Questions

What type of property is this?

Triplex - Three residential units plus a commercial unit on a corner lot along Highway 2.

Where is this triplex located?

The property is located at 201 & 205 Hungry Horse Hungry Horse, MT.

What is the asking price?

The asking price for this property is $399,000.

What are key features of this property?

This property features: Corner lot along Highway 2, with 3 residential rental units generating $2,700/month; Includes an additional commercial unit plus a spacious owner‑utilized tandem garage; Year built: 1994