Downtown Triplex with Shared
For Sale
Contact for pricing
716 1st Avenue W, Kalispell, MT 59901
Three-unit triplex near the courthouse and parks, offering a shared yard and detached two-car garage.
Property Size2,400 SF
Price / SF$249.58
Days on Market68
Property Features for 716 1st Avenue W
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Multifamily
Occupancy
99%
Additional Details
Cap Rate
6.65%
Multifamily Units
3
Building Details
Year Built
1956
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices - Bigfork
Listed By:
Julia Quigley · License #RRE-RBS-LIC-126846
Source:
Crexi
Added: May 27
Changed: Jul 10
Last Checked: Aug 1 at 12:47PM
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 Berkshire Hathaway HomeServices - Bigfork
Investment Insights
Based on property information with market context.
This investment triplex consists of three rental units. Two ground-floor apartments are 1-bedroom, 1-bath units currently renting for $1,295 per month each. A basement unit includes a 3/4 bath and is currently renting for $995 per month. The property also includes a charming shared yard for tenants and a detached two-car garage for added convenience and flexibility. An unfinished portion of the basement remains, which may provide space for additional storage, future value-add, or expansion possibilities depending on an operator’s plans.
The property is located one block off Main Street in the heart of downtown Kalispell. It is positioned near the Flathead County Courthouse and city parks, placing it within a central, in-town setting.
For investors or buyers seeking an income-producing residential property, the current unit mix offers straightforward management across three units, with a stated documented 99% occupancy rate and strong rental history. The remarks also note a 6.65% cap rate and emphasize long-term in-town positioning. With three established rental spaces and additional unfinished basement area, this triplex may appeal to operators looking for stability alongside room to adapt the lower level over time.
The property is located one block off Main Street in the heart of downtown Kalispell. It is positioned near the Flathead County Courthouse and city parks, placing it within a central, in-town setting.
For investors or buyers seeking an income-producing residential property, the current unit mix offers straightforward management across three units, with a stated documented 99% occupancy rate and strong rental history. The remarks also note a 6.65% cap rate and emphasize long-term in-town positioning. With three established rental spaces and additional unfinished basement area, this triplex may appeal to operators looking for stability alongside room to adapt the lower level over time.
Key Highlights
- Three‑unit triplex built in 1956 near downtown Kalispell, one block off Main Street
- Two ground‑floor 1‑bed/1‑bath units renting for $1,295/month each
- Basement unit with a 3/4 bath renting for $995/month
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 | $36.0k | $15.00 |
| − Vacancy | −$1.6k | −$0.68 |
| EGI | $34.4k | $14.33 |
| − OpEx | −$10.3k | −$4.30 |
| NOI | $24.1k | $10.03 |
2,400 SF · lease $15.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$343.8K
$300.8K – $401.1K
NOI $24,066 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$320.0K
$280.0K – $373.3K
NOI $22,400 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$535.8K
$468.9K – $625.2K
NOI $37,509 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
99%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,177
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?
Triplex - Three-unit triplex near the courthouse and parks, offering a shared yard and detached two-car garage.
Where is this triplex located?
The property is located at 716 1st Avenue W Kalispell, MT.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Three‑unit triplex built in 1956 near downtown Kalispell, one block off Main Street; Two ground‑floor 1‑bed/1‑bath units renting for $1,295/month each; Basement unit with a 3/4 bath renting for $995/month
