Four-Unit Residential Income
654 E Washington Street #1, Kalispell, MT 59901
For Sale
New
$779,000
Two two-story buildings each provide rental units, garages, and full basements.
Property Size6,129 SF
Lot Size0.26 Acres
Price / SF$127.10
Days on Market1
Property Features for 654 E Washington Street #1
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Storage
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Brist Realty
Listed By:
Dean Brist · License #MT 88710
(406) 471-2000
Source:
Montanasbestrealty
Added: Nov 6
Last Checked: Nov 6 at 2:22PM
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
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Investment Insights
Based on property information with market context.
This residential income property comprises two separate two-story houses, with two rental units in each building. Both houses have garages and full basements. The property occupies a 0.26-acre lot zoned Business, B-2, and is fully occupied.
The site is near Taco Bell and close to downtown Kalispell and its services.
The site is near Taco Bell and close to downtown Kalispell and its services.
Key Highlights
- Four rental units across two separate houses
- Both two‑story buildings have garages and full basements
- 0.26‑acre lot with Business, B‑2 zoning
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.
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Property Analytics
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Open 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
$417,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Residential income properties in Kalispell, MT
Properties on Market for Residential income properties in Kalispell
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Residential income property - Two two-story buildings each provide rental units, garages, and full basements.
Where is this residential income property located?
The property is located at 654 E Washington Street #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 separate houses; Both two‑story buildings have garages and full basements; 0.26‑acre lot with Business, B‑2 zoning
