Updated 4-Plex with 2-Bed
For Sale
$860,000
25 Martha Road, Columbia Falls, MT 59912
Updated four-unit property offers four 2-bedroom, 1.5-bath residences with recent improvements for a functional setup.
Property Size3,584 SF
Days on Market181
Property Features for 25 Martha Road
General Information
Standard status
Active
Size
3,584 SF
Property subtype
Residential Income
Zoning
Multi-Family
Taxes and HOA fees
Annual Taxes
$4,884
Amenities
Baseboard, Electric
Crawl Space
MultiLevel, TriLevel
Building Details
Building Size
3,584 SF
Year Built
1984
Listing Agency:
Congress Realty, Inc.
Listed By:
Jared English · License #DB52423
(888) 881-4118
Source:
Evrealestate
Added: Mar 9
Changed: Sep 4
Last Checked: Sep 4 at 2:16AM
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 Congress Realty, Inc.
Investment Insights
Based on property information with market context.
This updated 4-plex at 25 Martha Rd includes four separate 2-bedroom, 1.5-bath units. The property has recent updates intended to enhance functionality and appeal, supporting a more turnkey multi-family presentation.
The building is minutes from downtown Columbia Falls and near schools and parks, with easy access to Highway 2. The public remarks also note convenient reach to Whitefish, Kalispell, and Glacier National Park.
Overall, it’s a four-unit residential income asset configured around consistent unit sizes, offering an updated setup for buyers seeking a multi-family property in the Flathead Valley area.
The building is minutes from downtown Columbia Falls and near schools and parks, with easy access to Highway 2. The public remarks also note convenient reach to Whitefish, Kalispell, and Glacier National Park.
Overall, it’s a four-unit residential income asset configured around consistent unit sizes, offering an updated setup for buyers seeking a multi-family property in the Flathead Valley area.
Key Highlights
- 1984‑built updated 4‑plex with four 2‑bedroom, 1.5‑bath units
- Four 2‑bedroom, 1.5‑bath residences in a single multi‑family property setup
- Minutes from downtown Columbia Falls, with access to Highway 2 and the Flathead Valley area
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
$35,939
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
4.18%
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%
$718,780
$718.8K
Cap Rate 7%
$513,414
$513.4K
Cap Rate 9%
$399,322
$399.3K
Market Conditions
NOI Build-Up for 3,584 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
$53.8K $15.00/SF
− Vacancy
−$2.4K −$0.68/SF
EGI
$51.3K $14.33/SF
− OpEx
−$15.4K −$4.30/SF
NOI
$35.9K $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 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%
$718,780
Cap Rate 7%
$513,414
Cap Rate 9%
$399,322
Alternative Uses
Best Use
Multifamily LT 5
$513.4K
$449.2K – $599.0K
NOI $35,939 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$477.9K
$418.1K – $557.5K
NOI $33,451 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$800.2K
$700.2K – $933.6K
NOI $56,014 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
120
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Updated four-unit property offers four 2-bedroom, 1.5-bath residences with recent improvements for a functional setup.
Where is this quadplex located?
The property is located at 25 Martha Road Columbia Falls, MT.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: 1984‑built updated 4‑plex with four 2‑bedroom, 1.5‑bath units; Four 2‑bedroom, 1.5‑bath residences in a single multi‑family property setup; Minutes from downtown Columbia Falls, with access to Highway 2 and the Flathead Valley area
