Triplex with Heated Shop
618 Leonard Lane Kalispell, MT 59901
New
618 Leonard Lane, Kalispell, MT, 59901
$1,750,000
For Sale
$1,750,000
MULTI_FAMILY - Kalispell, MT
Property Size6,466 SF
Lot Size5.49 Acres
Price / SF$270.65
Days on Market3
Property Features for 618 Leonard Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement, Laundry Room
- Parking features
- Open, Garage
- Interior features
- Fireplace, MainLevelPrimary, OpenFloorplan, VaultedCeilings
- Exterior features
- FirePit, SportCourt, PropaneTankLeased
- Fireplace
- 1
- Appliances
- Dryer, Dishwasher, Freezer, Disposal, Microwave, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 07407933402020000
- Lot size
- 5.49 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- S33, T29 N, R20 W, ACRES 5.49, CS 11832-2, TR 5EA IN SESE
- Tax Annual Amount
- 6879
Utilities
- Utilities
- Propane
- Sewer type
- Septic Tank, Private Sewer
- Heating system
- Propane (Heating), Heat Pump (Heating), Geothermal (Heating)
- Cooling system
- Central Air
- Water source
- Well
Building Details
- Year built
- 1999
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- WoodFrame
Listing agency
Real Broker, LLC
(855) 450-0442
Listed by
Adrianna Douglas · License #RRE-RBS-LIC-109448
(406) 314-3931
Added: Jul 21 Updated: Jul 23 at 3:57AM Checked: Jul 23 at 9:06AM
MLS# 30075431
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.
Investment Insights
Based on property information with market context.
Triplex-style residential income property in Kalispell, MT featuring a main residence plus two additional living quarters. The main home centers on a chef’s kitchen with a 6' x 10' granite island, granite counters, tile backsplash, under/over-cabinet lighting, and double ovens. Geothermal heating and cooling serves the residence.
The property also includes a 1-bed/1-bath apartment above the garage with its own kitchen and laundry, along with a lower-level suite with a bedroom, bath, and kitchenette.
Outside, a 32' x 40' heated shop and a 44' x 24' garage/shop with built-in shelving provide substantial workspace. The site includes 10 total garage spaces, and the property is described as move-in ready on 5.49 level acres at 618 Leonard Lane.
The property also includes a 1-bed/1-bath apartment above the garage with its own kitchen and laundry, along with a lower-level suite with a bedroom, bath, and kitchenette.
Outside, a 32' x 40' heated shop and a 44' x 24' garage/shop with built-in shelving provide substantial workspace. The site includes 10 total garage spaces, and the property is described as move-in ready on 5.49 level acres at 618 Leonard Lane.
Key Highlights
- 5.49 level acres with 6,466 sq ft total living space, built in 1999
- Chef’s kitchen with 6' x 10' granite island, granite counters, tile backsplash, and double ovens
- Efficient geothermal heating plus central air and heat pump/propane heating
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.0k | $15.00 |
| − Vacancy | −$4.4k | −$0.68 |
| EGI | $92.6k | $14.33 |
| − OpEx | −$27.8k | −$4.30 |
| NOI | $64.8k | $10.03 |
6,466 SF · lease $15.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$926.3K
$810.5K – $1.08M
NOI $64,838 @ 7.0% cap · market cap 3.71%
Second Best
Apartment 5plus
$862.1K
$754.4K – $1.01M
NOI $60,349 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $101,056 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Triplex-style residence with geothermal heating and a heated 32' x 40' shop plus additional garage/shop buildings.
Where is this triplex located?
The property is located at 618 Leonard Lane Kalispell, MT.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 5.49 level acres with 6,466 sq ft total living space, built in 1999; Chef’s kitchen with 6' x 10' granite island, granite counters, tile backsplash, and double ovens; Efficient geothermal heating plus central air and heat pump/propane heating
