Kalispell Lofts

128 East Evergreen Drive, Kalispell, MT 59901

  • For Sale $10,950,000
  • Property Type Multi-Family
  • Property Size 79,893 SF
  • Units 45
  • Lot Size 1.56 Acre
  • Parking Spaces Avail. 90
  • Property Tenancy Multi-Tenant
  • Year Built 2023
  • Date Updated Jun 11, 2025
Take Highway 2 to the corner of Glacier Bank and turn down Evergreen Drive.Stabilized 45-Unit Multifamily Investment in Kalispell, Montana Offered at $10,950,000 | 94% Occupancy | 6.39% 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 94% and a solid 6.39% 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.
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Highlights

  • 45 total units: a balanced mix of studio, 1-bed, and 2-bed floor plans
  • 6.49% cap rate – strong in-place income with reliable cash flow
  • 94% occupancy – proven demand in a growing rental market
  • Investment Highlights:
  • Priced at $10,950,000 – a rare turnkey investment in Northwest Montana
  • Prime location near major employers, retail centers, schools, and Glacier National Park
  • Well-maintained asset with minimal deferred maintenance

Contacts

broker
James Williamson

Sage Advisors

Location

Getting Around

  • Walk Score ®

    24/100 Car-Dependent

  • Bike Score ®

    36/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Kalispell, MT
  • Neighborhood Evergreen
  • Zip Code 59901

Points of Interest

  • Conoco

    0.50 miles

  • 76

    0.55 miles

  • Exxon

    1.04 miles

  • Cenex

    1.86 miles

  • Woodland Qwik Stop

    2.12 miles

  • Smith's Fuel Center

    2.27 miles

  • Skip's Tire & Auto Care

    2.36 miles

  • Kalispell Center Mall Car Charger

    2.65 miles

  • Tesla Supercharger

    2.71 miles

  • Super 1 Foods Parking

    2.48 miles

  • Brannigan's Irish Pub Parking

    2.54 miles

  • Mountain View Plaza Lot 2

    2.64 miles

  • Mountain View Plaza Lot 1

    2.68 miles

  • Mountain View Plaza Lot 3

    2.71 miles

  • Mountain View Plaza Lot 4

    2.72 miles

  • Mountain View Plaza Lot 5

    2.73 miles

  • Mountain View Plaza Lot 6

    2.74 miles

  • Mountain View Plaza Lot 7

    2.75 miles

  • Mountain View Plaza Lot 8

    2.77 miles

  • Best Western Plus

    1.41 miles

  • Friendship Inn

    1.73 miles

  • Greenwood Village Inn and Suites

    1.92 miles

  • Kalispell Hilltop Inn

    2.02 miles

  • Blue and White Motel

    2.16 miles

  • Travelodge Kalispell

    2.50 miles

  • Homewood Suites

    2.50 miles

  • Glacier Ridge Suites

    2.56 miles

  • Red Lion Hotel Kalispell

    2.66 miles

  • Americas Best Value Inn Kalispell

    2.70 miles

  • Pho Ly Asian Cuisine

    0.32 miles

  • Little Caesars

    0.32 miles

  • Charlie Wongs Restaurant

    0.38 miles

  • Whitefish Handcrafted Spirits

    0.38 miles

  • Big Buck's Sports Bar and Grill

    0.51 miles

  • Cislo's Family Restaurant

    0.56 miles

  • McDonald's

    0.57 miles

  • Subway

    0.75 miles

  • Burger King

    0.83 miles

  • Papa Murphy's

    0.98 miles

  • Evergreen Junior High School

    0.27 miles

  • East Evergreen School

    0.73 miles

  • Edgerton Elementary School

    1.76 miles

  • Head Start Center

    2.12 miles

  • Helena Flats School

    2.23 miles

  • Woodland Montessori School

    2.25 miles

  • Kalispell Montessori Schools

    2.40 miles

  • Flathead Valley Community College

    2.40 miles

  • Linderman Education Center

    2.55 miles

  • Russell Elementary School

    2.57 miles

  • Firefly Children's Center

    2.01 miles

  • Creative Wonders Preschool

    2.05 miles

  • Kid Kare

    2.57 miles

Frequently Asked Questions

How much does Kalispell Lofts cost?

The space currently listed for sale at Kalispell Lofts asks for $10,950,000.

What is the total square footage of Kalispell Lofts?

Kalispell Lofts totals 79,893 square feet.

When was this property built?

Kalispell Lofts was built in 2023.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
James Williamson

Sage Advisors

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