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Triplex Investment Property

716 1st Avenue W Kalispell, MT 59901

Claim this Listing
For Sale
$599,000

MULTI_FAMILY - Kalispell, MT

Lot size:
0.12 Acres
Added:
May 26, 2026
Days on Market:
48
Last Refresh:
Jul 12 at 8:06 pm

Property Features for 716 1st Avenue W

General Information

Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement, Laundry Room
Standard status
Active
APN
07396618110050000
Lot size
0.12 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
Lot 5A of the Amended Subdivision Plat of Lot 3, 4 and 5, Block 107, Kalispell Montana, according to the map or plat thereof on file and of record in the office of Clerk and Recorder of Flathead County
Tax Annual Amount
3047

Building Details

Year built
1956
Number of units
3

Listing agent Julia Quigley License #RRE-RBS-LIC-126846

Listing office Berkshire Hathaway HomeServices - Bigfork 425 Grand Dr. Ste B, Bigfork, MT

Listing date May 26, 2026

MLS# 30071755 Listing URL

Copyright © 2026 Montana Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This for-sale investment triplex includes three residential units. Two ground-floor apartments each offer 1 bedroom and 1 bathroom and are currently renting for $1,295 per month each. The basement unit has 1 bedroom and a 3/4 bath and is currently renting for $995 per month. Tenants share a yard and have shared laundry located in the basement. A detached two-car garage adds convenient off-street parking or storage flexibility. The basement also includes an unfinished portion that could support storage, additional value, or future expansion, depending on an owner’s plans.

The property is located in downtown Kalispell, just one block off Main Street, near the Flathead County Courthouse and city parks. It sits on a 0.12-acre lot.

This is a straightforward fit for investors seeking a small in-town multifamily asset with current rental income. The seller notes a documented 99% occupancy rate and a strong rental history, and also states a 7.1% cap rate. Owner financing is available with negotiable terms, including $250,000 down at 7% for five years with a balloon payment at the end of the term.

Key Highlights

  • Investment triplex built in 1956 with 3 total units: two 1 bed/1 bath units plus a basement unit.
  • Current rents: $1,295/month each for the two ground‑floor 1 bed/1 bath apartments and $995/month for the basement unit (3/4 bath).
  • Documented 99% occupancy rate with strong rental history.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Parking Lot & Garage Locksmith (Bike/Boat/Book/etc) Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Tanning Salon (Bike/Boat/Book/etc) Store Nursing Home (Bike/Boat/Book/etc) Store Butcher

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Downtown triplex with two ground-floor 1BR units and one basement unit, plus shared yard, laundry, and detached 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: Investment triplex built in 1956 with 3 total units: two 1 bed/1 bath units plus a basement unit.; Current rents: $1,295/month each for the two ground‑floor 1 bed/1 bath apartments and $995/month for the basement unit (3/4 bath).; Documented 99% occupancy rate with strong rental history.
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