243-245 1st Ave S, Hungry Horse, MT 59919

Building Details

Year Built 1976 More

Buildings 1 More

Listing Agency: Engel & Völkers Western Frontier - Whitefish

Listed By: Patti Lynn Singer · License MT RRE-BRO-LIC-98913 Show Phone

Source: Flatheadvalleybrokers

Added: Sep 5 Changed: Nov 9 Last Checked: Nov 8 at 12:37PM

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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 Engel & Völkers Western Frontier - Whitefish

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Investment Insights

Based on property information with market context.

This 1,560-square-foot duplex, built in 1976, contains two units of approximately 780 square feet each. Both layouts include two bedrooms, one bathroom, an eat-in kitchen, and a gas fireplace in the living room. Recent work includes a new roof, fascia, soffit, drip edge, flooring, bathroom updates, trim, and interior and exterior paint. The right unit is complete and includes a refrigerator, range, range hood, microwave, dishwasher, and hookups for a stackable washer and dryer. The left unit has a refrigerator, electric range, range hood, and laundry hookups and is in the final stage of renovation.

The property at 243-245 1st Ave S in Hungry Horse includes a spacious yard and off-street parking directly in front of the units. It is located 12 miles from Glacier National Park and provides access to town, shopping, dining, and local amenities.

Key Highlights

• 1,560‑square‑foot duplex with two approximately 780‑square‑foot units
• Each unit has 2 bedrooms, 1 bathroom, an eat‑in kitchen, and a gas fireplace
• Built in 1976; improvements include a new roof, flooring, bathroom updates, and interior and exterior paint

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,643

Cap Rate

3.14%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$312,860 $312.9K

Cap Rate 7%

$223,471 $223.5K

Cap Rate 9%

$173,811 $173.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,560 SF

Gross rent

$23.4K $15.00/SF

− Vacancy

−$1.1K −$0.68/SF

EGI

$22.3K $14.33/SF

− OpEx

−$6.7K −$4.30/SF

NOI

$15.6K $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%

$312,860

Cap Rate 7%

$223,471

Cap Rate 9%

$173,811

Alternative Uses

Best Use

Multifamily LT 5

$223.5K

$195.5K – $260.7K (±1% cap)

NOI $15,643 @ 7.0% cap · market cap 3.14%

Second Best

Apartment 5plus

$208.0K

$182.0K – $242.7K (±1% cap)

NOI $14,560 @ 7.0% cap · market cap 2.92%

Theoretical Best

Office A

$348.3K

$304.8K – $406.4K (±1% cap)

NOI $24,381 @ 7.0% cap · market cap 4.90%

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

Property Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

82

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

Average Price Trend$/SF for Duplexes in Flathead County, MT

$317 Jul

$307 Aug

$299 Sep

$280 Oct

Properties on Market for Duplexes in Flathead County

Jul

Aug

Sep

Oct

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?

Duplex - Two updated residential units offer separate kitchens, laundry hookups, off-street parking, and flexible rental use.

Where is this duplex located?

The property is located at 243-245 1st Ave S Hungry Horse, MT.

What is the asking price?

The asking price for this property is $498,000.

What are key features of this property?

This property features: 1,560‑square‑foot duplex with two approximately 780‑square‑foot units; Each unit has 2 bedrooms, 1 bathroom, an eat‑in kitchen, and a gas fireplace; Built in 1976; improvements include a new roof, flooring, bathroom updates, and interior and exterior paint