Stabilized 45-Unit Multifamily Investment in Kalispell, Montana |
Offered at $10,450,000 | 100% Occupancy | 6.32% 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 6.32% 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.
Active under contract
$10,450,000
128 E Evergreen Dr, Kalispell, MT 59901
3beds
4baths
26,631sqft
:
Get pre-qualified$65,863/mo
Multi Family, Apartment
Built in 2023
-- sqft lot
$9,145,700 Zestimate®
$392/sqft
$-- HOA
What's special
Functional layoutsWell-maintained interiors
- 162 days |
- 177 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
James W Williamson 406-270-2121,
Silvercreek Realty Group LLC - MT
Source: MRMLS,MLS#: 30065468
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
Heating
- Wall Furnace
Cooling
- Has cooling: Yes
Appliances
- Included: Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
- Laundry: Washer Hookup, In Unit
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 26,631
- Total interior livable area: 26,631 sqft
Property
Features
- Levels: Three Or More
- Patio & porch: Patio
Lot
- Size: 1.56 Acres
Details
- Parcel number: 07396604129300000
- Zoning: Business
- Zoning description: B-2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Modern
- Property subtype: Multi Family, Apartment
Materials
- Foundation: Poured
Condition
- New construction: No
- Year built: 2023
Community & HOA
Location
- Region: Kalispell
Financial & listing details
- Price per square foot: $392/sqft
- Tax assessed value: $6,011,000
- Annual tax amount: $54,313
- Date on market: 2/17/2026
- Listing agreement: Exclusive Right To Sell
Estimated market value
$9,145,700
$8.51M - $9.79M
$2,234/mo
Price history
| Date | Event | Price |
|---|---|---|
| 2/17/2026 | Listed for sale | $10,450,000$392/sqft |
Source:  MRMLS #30065468 Report a problem | ||
| 11/1/2025 | Listing removed | $10,450,000$392/sqft |
Source: MRMLS #30050909 Report a problem | ||
| 8/12/2025 | Price change | $10,450,000-4.6%$392/sqft |
Source: MRMLS #30050909 Report a problem | ||
| 6/10/2025 | Listed for sale | $10,950,000+4280%$411/sqft |
Source: MRMLS #30050909 Report a problem | ||
| 4/20/2021 | Sold | -- |
Source: MRMLS #22017118 Report a problem | ||
| 1/19/2021 | Listing removed | -- |
Source:  MRMLS Report a problem | ||
| 10/26/2020 | Listed for sale | $250,000$9/sqft |
Source: Beckmans Real Estate #22017118 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $54,164 +1890.9% | $6,011,000 +2053.5% |
| 2024 | $2,721 +12.9% | $279,123 |
| 2023 | $2,410 +66.9% | $279,123 +135.1% |
| 2022 | $1,444 +143.4% | $118,704 +73.9% |
| 2021 | $593 +37.1% | $68,268 +48.4% |
| 2020 | $433 +0.7% | $46,016 |
| 2019 | $430 +4.6% | $46,016 +5% |
| 2018 | $411 +0.7% | $43,820 |
| 2017 | $408 +16.1% | $43,820 +12% |
| 2016 | $351 | $39,116 |
| 2015 | $351 -49.9% | $39,116 -20.4% |
| 2014 | $701 | $49,124 -32.1% |
| 2002 | -- | $72,400 |
| 2000 | -- | $72,400 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Evergreen
Nearby schools
GreatSchools rating
- 6/10Evergreen 7-8Grades: 5-8Distance: 0.3 mi
- 5/10Glacier High SchoolGrades: 9-12Distance: 3.5 mi
- 5/10East Evergreen SchoolGrades: PK-4Distance: 0.8 mi
- $--1 bd1 ba-- sqft128 E Evergreen Dr #A1, Kalispell, MT 59901Off Market
- $--1 bd1 ba-- sqft126 E Evergreen Dr #201, Kalispell, MT 59901Off Market
- $--1 bd1 ba-- sqft126 E Evergreen Dr #202, Kalispell, MT 59901Off Market
- $1,8752 bd2 ba-- sqft126 E Evergreen Dr #105, Kalispell, MT 59901For Rent
- $--1 bd1 ba-- sqft126 E Evergreen Dr #303, Kalispell, MT 59901Off Market
- $--1 bd1 ba-- sqft126 E Evergreen Dr #301, Kalispell, MT 59901Off Market
- $---- bd1 ba-- sqft126 E Evergreen Dr #104, Kalispell, MT 59901Off Market
- $---- bd1 ba-- sqft126 E Evergreen Dr #204, Kalispell, MT 59901Off Market
A local agent can set up tours, give advice and negotiate with sellers.
