Investment Property for Sale at 128 E Evergreen Drive in Kalispell, MT for $10,950,000

128 E Evergreen Drive | Kalispell

$10,950,000

Stabilized 45-Unit Multifamily Investment in Kalispell, Montana | Offered at $10,950,000 | 94% Occupancy | 6.49% 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 94% and a solid 6.49% 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. A compelling opportunity for both seasoned investors and new entrants to the multifamily market. MTR 30050909

Directions to property: Take Highway 2, turn at the corner of Glacier Bank on Evergreen Dr.

MLS Listing ID: 
MTR 30050909
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$10,950,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
MultiFamily
Primary Market Area: 
Kalispell
Address: 
128 E Evergreen Drive, Kalispell, MT 59901, US
County: 
Flathead
Latitude: 
48.2254220
Longitude: 
-114.2730640
Building Details
Details about the building on a property.
Architectural Style: 
Modern
Year Built: 
2023
New Construction: 
0
Construction
Foundation Details: 
See Remarks
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
1.56
Lot Size (Area): 
67,954
Waterfront: 
0
Lot Features
Garage: 
0
Public Record
Parcel Number: 
07396604129300000
Property Zoning: 
Business
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
James W Williamson
Listing Office Name: 
Silvercreek Realty Group LLC - MT