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    Kalispell Ranch Multi-Family Investment Title is generated by Realmo AI

    418 & 420 2nd Avenue W, Kalispell, MT 59901

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    For Sale
    Under Contract
    $475,000

    MULTI_FAMILY - Ranch - Kalispell, MT

    Type:Single Family Residence
    Property size:
    656 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $724/SF
    Added:
    Apr 22, 2026
    Days on Market:
    22
    Last Refresh:
    May 13 at 7:06 am

    Property Features for 418 & 420 2nd Avenue W

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Rooms
    Basement
    Parking features
    On Street
    Appliances
    Range, Refrigerator
    Standard status
    Active Under Contract
    APN
    07396618131030000
    Size
    656 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Lot 3 Block 73 KAL 18-28-21
    Tax Annual Amount
    2869

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1938
    Floors in Building
    1
    Number of units
    2
    Building materials
    AluminumSiding, WoodSiding, WoodFrame
    Roof type
    Metal
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Susan Julian
    Susan Julian

    Listing agent Susan Julian License #RRE-BRO-LIC-10441

    Listing office PureWest Real Estate - Kalispell 17 1st Ave E, Kalispell, MT

    Listing date Apr 22, 2026

    MLS# 30069279 Listing URL

    Copyright © 2026 Montana Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two well‑maintained homes on one lot, offering strong income potential or flexible living options
    • Ideally located minutes from downtown Kalispell, providing convenient access to shopping, dining, and amenities
    • Current rental income of $1500 (back unit) and $925 (front unit) per month
    • Both units have unfinished basements (480 sq ft each), offering potential for additional living space
    • Each home has 2 bedrooms
    • Appliances included: Range and Refrigerator

    Overview

    This property presents an excellent investment opportunity, featuring two well-maintained homes situated on a single lot. The location is ideally positioned just minutes from downtown Kalispell, providing convenient access to shopping, dining, and local amenities. The back unit offers 656 square feet of living space with an additional 480 square feet of unfinished basement. It includes two bedrooms and two bathrooms and is currently rented for $1500 per month. The front unit provides 480 square feet of living space along with a 480 square foot unfinished basement. This unit features two bedrooms and one bathroom and is rented for $925 per month. Both homes are currently leased on a month-to-month basis. The lot size is 0.16 acres. This property offers strong income potential and flexible living options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kalispell
    County
    Flathead
    State
    Montana
    Longitude
    -114.315506
    Latitude
    48.193765

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    FAQs

    What type of property is this?
    Duplex - Two well-maintained homes on one lot near downtown Kalispell.
    Where is this duplex located?
    The property is located at 418 & 420 2nd Avenue W Kalispell, MT.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: Two well‑maintained homes on one lot, offering strong income potential or flexible living options; Ideally located minutes from downtown Kalispell, providing convenient access to shopping, dining, and amenities; **Current rental income of $1500 (back unit) and $925 (front unit) per month**
    (406) 253-8900
    We can help!
    Listing Contact
    Susan Julian
    Susan Julian
    Real Estate License ID: RRE-BRO-LIC-10441
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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