About 128 E Evergreen Drive
Stabilized 45-Unit Multifamily Investment in Kalispell, Montana | Offered at $10,450,000 | 100% Occupancy - July 2025 | 6% Historic 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% 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.
Features of 128 E Evergreen Drive
| MLS® # | 30050909 |
|---|---|
| Price | $10,450,000 |
| Square Footage | 26,631 |
| Acres | 1.56 |
| Year Built | 2023 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Style | Modern |
| Status | Active |
Community Information
| Address | 128 E Evergreen Drive |
|---|---|
| City | Kalispell |
| County | Flathead |
| State | MT |
| Zip Code | 59901 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Appliances | Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer |
|---|---|
| Heating | Wall Furnace |
| Fireplace | No |
| Stories | Three Or More |
Exterior
| Roof | Rubber |
|---|---|
| Foundation | Poured |
Additional Information
| Date Listed | June 10th, 2025 |
|---|---|
| Days on Market | 132 |
| Zoning | Business |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |