716 1st Avenue$637,000
Kalispell, MT
2400.00 SF, 0.12 ACRE
$637,000
Property Details
BIG PICTURE
HOME
2400.00
FT2
0.12
ACRE
Description
Investment triplex just one block off Main Street in the heart of downtown Kalispell. Located near Flathead County Courthouse and city parks, this multifamily property is ideally positioned for consistent tenant demand and long-term appreciation. Invest in one of Montana's most steadily growing markets with a documented 99% occupancy rate and strong rental history. The property features a total of three units: two ground-floor 1-bedroom, 1-bath apartments currently renting for $1,295/month each, plus a basement unit with a 3/4 bath renting for $995/month. Tenants enjoy a charming shared yard, adding to the property’s rental appeal and retention. A detached two-car garage provides additional flexibility. Investors will also appreciate the unfinished portion of the basement, presenting opportunity for added value, storage income, or future expansion possibilities. With a strong 6.65% cap rate, desirable in-town location, and upside potential, this is a compelling opportunity for investors seeking both stable performance and future growth.PRICE
$637,000
FEATURES
- MLS #: 30071755
- Lot: 5,227.00 sqft
- Single-Family
- Built in 1956
- Price/sqft: $265.42
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