24 1st Ave W - Apartments FOR SALE


Kalispell, MT 59901
$2,750,000 USD
406-270-2121
24 1st Ave W, Kalispell, MT for Sale
$2,750,000 USD
Apartments - FOR SALE
1/27
null | 6.91% Cap Rate

24 1st Ave W
Kalispell, MT 59901


HIGHLIGHTS

  • 11,400 SF Building
  • 47 Units
  • Built in 1903, partially renovated in 2024
  • Zoned B-4 Central Business
  • Located in Downtown Kalispell
  • Strong Historical Cash Flow

OVERVIEW

Discover a rare opportunity to own a piece of Kalispell’s rich history with this partially renovated 1903 building, once a charming inn and now a multi-unit rental property in the heart of downtown. The property features 47 rental units, including 8 units with private plumbing and 39 rooms that share 8 newly renovated bathrooms and a large common kitchen. This building offers stable cash flow in a region experiencing significant economic and population growth. Located in Kalispell’s vibrant downtown district, walkable access to shops, restaurants, and parks. With its strong rental history, strategic location, and historic appeal, this property presents a rare opportunity for investors seeking both income and long-term appreciation in one of Montana’s fastest-growing communities.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$237 USD /SF

# OF UNITS

47

PRICE/UNIT

$58,511

CAP RATE

6.91%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1903

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

B-4 Central Business

APN/PARCEL ID

0040050

ASK ABOUT THIS PROPERTY

James WilliamsonSage Advisors Powered by Silvercreek Realty GroupMore Info
406-270-2121

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James WilliamsonSage Advisors Powered by Silvercreek Realty GroupMore Info
406-270-2121

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