Three-Home Multifamily
For Sale
$999,999
3740 Foothill Rd, Kalispell, MT 59901
Three separately metered residences include a newly built two-bedroom home, a larger three-bedroom house, and a one-bedroom cabin.
Property Size3,286 SF
Lot Size10.00 Acres
Price / SF$304.32
Days on Market12
Property Features for 3740 Foothill Rd
General Information
Standard status
Active
Size
3,286 SF
Lot size
10.00 Acres
Property subtype
Multi-Family
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/2BA, 1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
3
Amenities
shop
RV hookups
outdoor wood boiler
greenhouse
hot tub
generator hookups
chicken coop
goat/sheep shed
fenced pens
Listing Agency:
RE/MAX River View
(406) 212-2436
Listed By:
Melissa Santa, Ryan Nicholas Santa · License #RRE-RBS-LIC-89986
Source:
Flatheadvalleybrokers
Added: Aug 1
Changed: Aug 11
Last Checked: Aug 11 at 10:11AM
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 RE/MAX River View
Investment Insights
Based on property information with market context.
Set across nearly 10 acres, this multifamily property includes three separate residences totaling 3,286 square feet. The homes comprise a newly built 2 bed/2 bath residence with granite countertops, custom kitchen cabinetry, Toto bidet seats, and premium Anderson windows; a 2,300-square-foot 3 bed/2 bath home; and a 1 bed/1 bath tiny cabin. Each residence has its own meter.
Infrastructure includes two wells, two septic systems, and a pre-approved site for a future new build. A 60x40 shop, RV hookups, generator connections, an outdoor wood boiler serving two homes, greenhouse, hot tub, chicken coop, livestock shed, and gated electrically fenced pens are also included. The property is located on Foothill Road near Flathead Lake, Echo Lake, Jewel Basin, Strawberry Lake, hiking trails, and Nordic ski trails. Glacier National Park is approximately 40 minutes away.
Infrastructure includes two wells, two septic systems, and a pre-approved site for a future new build. A 60x40 shop, RV hookups, generator connections, an outdoor wood boiler serving two homes, greenhouse, hot tub, chicken coop, livestock shed, and gated electrically fenced pens are also included. The property is located on Foothill Road near Flathead Lake, Echo Lake, Jewel Basin, Strawberry Lake, hiking trails, and Nordic ski trails. Glacier National Park is approximately 40 minutes away.
Key Highlights
- Nearly 10 acres with three separate residences
- 3,286 SF total property size, including a 2,300‑square‑foot 3 bed/2 bath home
- Newly built 2 bed/2 bath home with granite countertops and custom kitchen cabinets
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
$30,669
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
3.07%
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%
$613,380
$613.4K
Cap Rate 7%
$438,129
$438.1K
Cap Rate 9%
$340,767
$340.8K
Market Conditions
NOI Build-Up for 3,286 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
$58.0K $17.64/SF
− Vacancy
−$2.2K −$0.67/SF
EGI
$55.8K $16.97/SF
− OpEx
−$25.1K −$7.64/SF
NOI
$30.7K $9.33/SF
Area
Flathead County, MT
Vacancy
3.80%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
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%
$613,380
Cap Rate 7%
$438,129
Cap Rate 9%
$340,767
Alternative Uses
Best Use
Apartment 5plus
$438.1K
$383.4K – $511.2K
NOI $30,669 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$733.7K
$642.0K – $855.9K
NOI $51,356 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
8
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?
Multifamily property - Three separately metered residences include a newly built two-bedroom home, a larger three-bedroom house, and a one-bedroom cabin.
Where is this multifamily property located?
The property is located at 3740 Foothill Rd Kalispell, MT.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Nearly 10 acres with three separate residences; 3,286 SF total property size, including a 2,300‑square‑foot 3 bed/2 bath home; Newly built 2 bed/2 bath home with granite countertops and custom kitchen cabinets
