Kalispell Lofts

For Sale

128 East Evergreen Drive, Kalispell, MT 59901

This Kalispell property for sale is located at 128 East Evergreen Drive. The current listed sale price for Kalispell Lofts is $10,950,000. Kalispell Lofts is situated on a lot that is 1.56 acre in size.

Contacts

broker
James Williamson

Sage Advisors

Property Details

  • 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

Getting around

  • 24/100

    Walk Score ®

  • 36/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

  • Sunlife Health Foods

    0.31 miles

  • Super 1 Foods

    1.00 miles

  • Chef'store

    1.56 miles

  • Smith's

    2.36 miles

  • Walmart Supercenter

    2.50 miles

  • Target

    2.55 miles

  • Ross

    2.58 miles

  • TJ Maxx

    2.59 miles

  • Natural Grocers

    2.60 miles

  • Kalispell Center Mall

    2.73 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
James Williamson

Sage Advisors

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