Four-Unit Residential Income
654 E Washington Street #1 Kalispell, MT 59901
654 E Washington Street #1, Kalispell, MT, 59901
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For Sale
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As-is sale of a fully occupied four-unit setup with two rental units in each of two houses on a B-2 lot.
Property Size6,129 SF
Lot Size0.26 Acres
Price / SF$127.10
Days on Market20
Property Features for 654 E Washington Street #1
General Information
- Standard status
- Active
- Size
- 6,129 SF
- Lot size
- 0.26 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1968
Listing agency
Brist Realty
Listed by
Dean Brist · License #MT 88710
Source
Crexi
Added: Jul 4 Updated: Jul 22 at 5:20PM Checked: Jul 22 at 5:20PM
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
Investment Insights
Based on property information with market context.
Selling as-is, this property consists of two houses, each with two rental units, for a total of four residential units. The units are in full occupancy at the time of sale.
The property is located on a B-2 zoned lot and is described as being near Taco Bell and close to shopping, supporting convenient access to everyday retail.
This is a straightforward residential income configuration with two separate structures on one lot, offered without warranties or representations beyond the provided information.
The property is located on a B-2 zoned lot and is described as being near Taco Bell and close to shopping, supporting convenient access to everyday retail.
This is a straightforward residential income configuration with two separate structures on one lot, offered without warranties or representations beyond the provided information.
Key Highlights
- As‑is sale of two Kalispell houses on a single .26‑acre B‑2 zoned lot
- Fully occupied four‑unit setup with 2 rental units in each house
- Year built: 1968
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 | $91.9k | $15.00 |
| − Vacancy | −$4.1k | −$0.68 |
| EGI | $87.8k | $14.33 |
| − OpEx | −$26.3k | −$4.30 |
| NOI | $61.5k | $10.03 |
6,129 SF · lease $15.00/SF/yr · vacancy 4.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - As-is sale of a fully occupied four-unit setup with two rental units in each of two houses on a B-2 lot.
Where is this quadplex 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: As‑is sale of two Kalispell houses on a single .26‑acre B‑2 zoned lot; Fully occupied four‑unit setup with 2 rental units in each house; Year built: 1968
