Four-Unit Multifamily
654 E Washington Street East North 1, Kalispell, MT 59901
For Sale
$779,000
Two houses provide four occupied rental units on a B-2-zoned parcel near shopping and Taco Bell.
Property Size6,129 SF
Lot Size0.26 Acres
Price / SF$127.10
Days on Market103
Property Features for 654 E Washington Street East North 1
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Occupancy
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Brist Realty
Listed By:
Dean Brist · License MT #88710
(406) 471-2000
Source:
Flatheadvalleybrokers
Added: Aug 4
Changed: Nov 6
Last Checked: Oct 7 at 2:54PM
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 Brist Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property includes two separate houses, each containing two rental units, for a total of four units. The buildings were constructed in 1968 and are being offered in as-is condition. The property is currently fully occupied and sits on a 0.26-acre parcel with B-2 zoning.
Located at 654 E Washington Street East North 1 in Kalispell, the property is near Taco Bell and shopping. Its four-unit configuration, existing occupancy, and separate-house layout provide a straightforward multifamily operating profile.
Located at 654 E Washington Street East North 1 in Kalispell, the property is near Taco Bell and shopping. Its four-unit configuration, existing occupancy, and separate-house layout provide a straightforward multifamily operating profile.
Key Highlights
- Four rental units across two houses
- Fully occupied at the time of listing
- 0.26‑acre B‑2‑zoned parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,459
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,229,180
$1.2M
Cap Rate 7%
$877,986
$878.0K
Cap Rate 9%
$682,878
$682.9K
Market Conditions
NOI Build-Up for 6,129 SF
Gross rent
$91.9K $15.00/SF
− Vacancy
−$4.1K −$0.68/SF
EGI
$87.8K $14.33/SF
− OpEx
−$26.3K −$4.30/SF
NOI
$61.5K $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%
$1,229,180
Cap Rate 7%
$877,986
Cap Rate 9%
$682,878
Alternative Uses
Best Use
Multifamily LT 5
$878.0K
$768.2K – $1.02M
NOI $61,459 @ 7.0% cap · market cap 7.89%
Second Best
Apartment 5plus
$817.2K
$715.1K – $953.4K
NOI $57,204 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,789 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,211
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
$417,200
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Kalispell, MT
Properties on Market for Multifamily properties in Kalispell
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two houses provide four occupied rental units on a B-2-zoned parcel near shopping and Taco Bell.
Where is this multifamily property located?
The property is located at 654 E Washington Street East North 1 Kalispell, MT.
What is the asking price?
The asking price for this property is $779,000.
What are key features of this property?
This property features: Four rental units across two houses; Fully occupied at the time of listing; 0.26‑acre B‑2‑zoned parcel
