128 E Evergreen Dr - Apartments FOR SALE


Kalispell, MT 59901
$10,950,000 USD
406-270-2121
128 E Evergreen Dr, Kalispell, MT for Sale
$10,950,000 USD
Apartments - FOR SALE
1/30
null | 5.52% Cap Rate

128 E Evergreen Dr
Kalispell, MT 59901


HIGHLIGHTS

  • 45 total units: a balanced mix of studio, 1-bed, and 2-bed floor plans
  • 5.52% cap rate – strong in-place income with reliable cash flow
  • 100% occupancy – proven demand in a growing rental market
  • Well-maintained asset with minimal deferred maintenance
  • Prime location near major employers, retail centers, schools, and Glacier National Park
  • Priced at $10,950,000 – a rare turnkey investment in Northwest Montana

OVERVIEW

Stabilized 45-Unit Multifamily Investment in Kalispell, Montana Offered at $10,950,000 | 100% Occupancy | 5.52% Cap Rate An exceptional opportunity to acquire a high-performing, stabilized 45-unit apartment community in the thriving market of Kalispell, Montana. With a current occupancy of 100% and a solid 5.52% cap rate, this asset offers immediate income and long-term value in a region known for strong rental demand and economic growth. The property features a desirable mix of studio, one-bedroom, and two-bedroom units, designed to attract a diverse tenant base. Each unit offers functional layouts and well-maintained interiors, with professional management in place to ensure smooth operations. With a strong tenant base, professional management, and upside potential through future rent, this property presents a compelling opportunity for both seasoned investors and new entrants to the multifamily market.

FOR SALE DETAILS

PRICE

$10,950,000 USD

PRICE/SF

$281 USD /SF

# OF UNITS

45

PRICE/UNIT

$243,333

CAP RATE

5.52%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kalispell Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,954 SF

ZONING

B-2

APN/PARCEL ID

0325100

ASK ABOUT THIS PROPERTY

James WilliamsonSage AdvisorsMore Info
406-270-2121

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James WilliamsonSage AdvisorsMore Info
406-270-2121

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.