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128 E Evergreen Dr 45 Unit Apartment Building $10,450,000 ($232,222/Unit) 6.32% Cap Rate Kalispell, MT 59901
Investment Highlights
- 45 total units: a balanced mix of studio, 1-bed, and 2-bed floor plans
- 99% occupancy — proven demand in a growing rental market
- Priced at $10,450,000 — a rare turnkey investment in Northwest Montana
- 6.32% CAP Rate — strong in-place income with reliable cash flow
- Prime location near major employers, retail centers, schools, and Glacier National Park
Executive Summary
Stabilized 45-Unit Multifamily Investment in Kalispell, Montana
Offered at $10,450,000 | 99% 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 99% 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.
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.
Offered at $10,450,000 | 99% 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 99% 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.
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.
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $10,450,000 | Apartment Style | Low-Rise |
| Price Per Unit | $232,222 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.56 AC |
| Cap Rate | 6.32% | Building Size | 39,000 SF |
| No. Units | 45 | Average Occupancy | 99% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2023 |
| Zoning | B-2 - General Business Land Use | ||
| Price | $10,450,000 |
| Price Per Unit | $232,222 |
| Sale Type | Investment |
| Cap Rate | 6.32% |
| No. Units | 45 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.56 AC |
| Building Size | 39,000 SF |
| Average Occupancy | 99% |
| No. Stories | 3 |
| Year Built | 2023 |
| Zoning | B-2 - General Business Land Use |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 9 | $1,250 | - |
| 1+1 | 27 | $1,530 | - |
| 2+2 | 9 | $1,875 | - |
1 1
Property Taxes
| Parcel Number | 07-3966-04-1-29-30-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $6,011,000 |
Property Taxes
Parcel Number
07-3966-04-1-29-30-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$6,011,000
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