128 E Evergreen Drive, Kalispell, MT 59901

Positioned in one of Montana’s fastest‑growing submarkets, this 45‑unit multifamily community delivers strong in‑place performance supported by compelling market fundamentals. Kalispell has experienced population growth exceeding 14% over the past decade, with sustained rental demand driving sub‑3% vacancy rates across the region. This asset is fully stabilized at 100% occupancy, providing immediate, predictable cash flow from day one.

The property offers a diversified unit mix of studio, one‑bedroom, and two‑bedroom layouts, aligning with Kalispell’s broad renter demographic. Current rents remain below market benchmarks, presenting measurable upside through strategic rent adjustments and continued operational efficiency. Professional management is already in place, ensuring optimized NOI performance and streamlined operations.

With a 6.32% cap rate on actuals, this investment combines durable income, proven tenancy, and long‑term appreciation potential in a market benefiting from job growth, in‑migration, and limited new supply. This is a rare opportunity to secure a high‑performing, low‑risk asset in a region where multifamily demand consistently outpaces availability.