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24 1st Ave W 47 Unit Apartment Building $3,804,322 CAD ($80,943 CAD/Unit) 6.91% Cap Rate Kalispell, MT 59901
INVESTMENT HIGHLIGHTS
- 11,400 SF Building
- Built in 1903, partially renovated in 2024
- Located in Downtown Kalispell
- 47 Units
- Zoned B-4 Central Business
- Strong Historical Cash Flow
EXECUTIVE SUMMARY
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.
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.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,804,322 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $80,943 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 6.91% | Building Size | 11,400 SF |
| No. Units | 47 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1903/2024 |
| Property Subtype | Apartment | ||
| Zoning | B-4 Central Business | ||
| Price | $3,804,322 CAD |
| Price Per Unit | $80,943 CAD |
| Sale Type | Investment |
| Cap Rate | 6.91% |
| No. Units | 47 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 11,400 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1903/2024 |
| Zoning | B-4 Central Business |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Recycling
- Walk-Up
- Smoke Detector
1 1
Walk Score®
Walker's Paradise (92)
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24 1st Ave W
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