Multi Family Home · Whitefish, MT 59937

146 Iowa Avenue, Whitefish, MT 59937

Whitefish, MT 59937

$1,980,000

ActiveMLS® 30068912

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ActiveMLS® 30068912
$1,980,000
146 Iowa Avenue, Whitefish, MT 59937
Bds Ba Sq.Ft. 0.3 Ac
Description

OWNER FINANCING AVAILABLE! A rare opportunity to acquire an entire four-unit condominium building in Whitefish's established City Beach neighborhood, offered as a single transaction. Each 2-bedroom, 1-bath residence offers approximately 840 square feet of low-maintenance living space, just a short walk to downtown Whitefish and Whitefish Lake's City Beach. All four units are currently leased, generating combined gross rents of $7,450 per month (approximately $89,400 annually), with additional income from on-site coin laundry and garage rentals. Recent capital improvements include new garages built in 2022, a new roof in 2023, freshly painted exteriors in 2024, and updated interior paint throughout, making this a turnkey, income-producing asset from day one. Because each unit is individually deeded, a future owner retains the flexibility to sell the residences separately down the road, an added layer of long-term optionality beyond the rental income. The 0.3-acre lot also carries WR-4 high-density multi-family zoning with meaningful room to grow: the south side can accommodate two additional garages plus one new condo unit, and the north side has room for two garages with two condo units above, up to three more residences and four more garages achievable over time. For an investor seeking scale, in-place cash flow, and future upside in one of Montana's best mountain towns, this is the kind of opportunity that seldom reaches the open market.

Interior
  • Appliances Range, Refrigerator
  • Laundry Common Area, Washer Hookup
  • General Main Level Primary
  • Heating Wall Furnace
Exterior and Construction
  • Construction materials Vinyl Siding, Wood Frame
  • Exterior Breezeway
  • Style Ranch
  • Roofing Composition
  • Construction Vinyl Siding, Wood Frame, Poured, Slab
Utilities
  • Sewer Public Sewer
  • Utilities Electricity Connected
  • Water Public
Land and Lot
  • Lot size 0.3 acres (13,068 sq ft)
  • Topography Level
Location and Zoning
  • Road/Access City Street
  • Zoning Multi-Family
  • Zoning description WR-4 High density multi-family residential
  • County Flathead
Schools
  • School District Whitefish Elementary School District
Tax and Legal
  • Annual tax $5,218.28
  • Tax year 2025
  • Parcel number 07429225322017001
  • Legal description MORRISON CONDO WFSH T CO 5 AC TR ADD1 L7B8, S25, T31 N, R22 W,, UNIT 1, ASSESSOR# 0000445570 MORRISON CONDO WFSH T CO 5 AC TR ADD1 L7B8, S25, T31 N, R22 W,, UNIT 2, ASSESSOR# 0000445571 MORRISON CONDO WFSH T CO 5 AC TR ADD1 L7B8, S25, T31 N, R22 W,, UNIT 3, ASSESSOR# 0000445572 MORRISON CONDO WFSH T CO 5 AC TR ADD1 L7B8, S25, T31 N, R22 W,, UNIT 4, ASSESSOR# 0000445573
Parking and Garage
  • Garage spaces 4

Listing Information

Listing Agent
Mary Pat Love
Co-Listing Agent
Angie Friedner
Listing Office
Glacier Sotheby's International Realty Whitefish
MLS logo

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