128 E Evergreen Dr Kalispell, MT 59901
Estimated payment $60,706/month
Highlights
- Modern Architecture
- Patio
- Wall Furnace
- Cooling Available
About This Home
Stabilized 45-Unit Multifamily Investment in Kalispell, Montana |
Offered at $10,950,000 | 100% Occupancy - July 2025 | 5.52% 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 5.52% 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.
Listing Agent
Silvercreek Realty Group LLC - MT License #RRE-BRO-LIC-62214 Listed on: 06/10/2025
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $2,765
Year Built
- Built in 2023
Home Design
- Modern Architecture
- Poured Concrete
- Rubber Roof
Interior Spaces
- 79,893 Sq Ft Home
- Property has 3 Levels
Kitchen
- Oven or Range
- Microwave
- Dishwasher
Laundry
- Laundry in unit
- Dryer
- Washer
Utilities
- Cooling Available
- Wall Furnace
Additional Features
- Patio
- 1.56 Acre Lot
Community Details
- 45 Units
- Kalispell Lofts Condos
Listing and Financial Details
- Assessor Parcel Number 07396604129300000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,500 | $279,123 | $0 | $0 |
| 2023 | $2,447 | $279,123 | $0 | $0 |
| 2022 | $1,444 | $118,704 | $0 | $0 |
| 2021 | $606 | $68,268 | $0 | $0 |
| 2020 | $434 | $46,016 | $0 | $0 |
| 2019 | $428 | $46,016 | $0 | $0 |
| 2018 | $411 | $43,820 | $0 | $0 |
| 2017 | $408 | $43,820 | $0 | $0 |
| 2016 | $351 | $39,116 | $0 | $0 |
| 2015 | $343 | $39,116 | $0 | $0 |
| 2014 | $701 | $49,124 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/10/2025 06/10/25 | For Sale | $10,950,000 | +4280.0% | $137 / Sq Ft |
| 04/20/2021 04/20/21 | Sold | -- | -- | -- |
| 10/26/2020 10/26/20 | For Sale | $250,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | Insured Titles | |
| Warranty Deed | -- | Insured Titles | |
| Quit Claim Deed | -- | Insured Titles | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $5,310,267 | Credit Line Revolving | |
| Previous Owner | $253,608 | Construction |
Source: Montana Regional MLS
MLS Number: 30050909
APN: 07-3966-04-1-29-30-0000
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