New Construction
For Sale
$829,000
7 Muskrat, Kalispell, MT 59901
Two residences offer flexible living space with private garages, rear decks, and in-unit laundry appliances.
Property Size2,868 SF
Price / SF$289.05
Days on Market18
Property Features for 7 Muskrat
General Information
Standard status
Active
Size
2,868 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$6,273
Amenities
Garage Spaces: 2
Style: Other
Other
2
Building Details
Year Built
2024
Listing Agency:
Silvercreek Realty Group LLC - MT
(406) 218-6537
Listed By:
Nathan Feliksa · License #RRE-RBS-LIC-127518
Source:
Clearwaterproperties
Added: Aug 13
Changed: Aug 29
Last Checked: Aug 29 at 2:50PM
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 Silvercreek Realty Group LLC - MT
Investment Insights
Based on property information with market context.
Completed in 2024, this duplex contains two separately configured residences within a 2,868 SF property. Each unit includes three bedrooms, a dedicated office, and three bathrooms arranged as one full bath, one three-quarter bath, and one half bath. Both residences also feature a one-car garage and a rear deck.
The property is located at 7 Muskrat in Kalispell, with access to the Flathead Valley. Included appliances are dishwashers, microwaves, refrigerators, washers, and dryers, providing a defined residential setup for either occupancy or leasing. The combination of bedroom count, office space, private outdoor areas, and garage parking gives each unit a substantial functional layout.
The property is located at 7 Muskrat in Kalispell, with access to the Flathead Valley. Included appliances are dishwashers, microwaves, refrigerators, washers, and dryers, providing a defined residential setup for either occupancy or leasing. The combination of bedroom count, office space, private outdoor areas, and garage parking gives each unit a substantial functional layout.
Key Highlights
- New construction completed in 2024
- 2,868 SF duplex with two residential units
- Each unit has 3 bedrooms plus an office
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,759
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$575,180
$575.2K
Cap Rate 7%
$410,843
$410.8K
Cap Rate 9%
$319,544
$319.5K
Market Conditions
NOI Build-Up for 2,868 SF
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.
Gross rent
$43.0K $15.00/SF
− Vacancy
−$1.9K −$0.68/SF
EGI
$41.1K $14.33/SF
− OpEx
−$12.3K −$4.30/SF
NOI
$28.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$575,180
Cap Rate 7%
$410,843
Cap Rate 9%
$319,544
Alternative Uses
Best Use
Multifamily LT 5
$410.8K
$359.5K – $479.3K
NOI $28,759 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$382.4K
$334.6K – $446.1K
NOI $26,768 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$640.3K
$560.3K – $747.1K
NOI $44,823 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
165
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
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer flexible living space with private garages, rear decks, and in-unit laundry appliances.
Where is this duplex located?
The property is located at 7 Muskrat Kalispell, MT.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: New construction completed in 2024; 2,868 SF duplex with two residential units; Each unit has 3 bedrooms plus an office
