Cash-Flowing Multifamily Investment | 6.76% Cap Rate | New Construction (2022)
-Possible Owner Financing Available-
Offered at a 6.76% cap rate, this fully rented six-unit apartment building delivers immediate income in a strong and growing Northwest Montana market. Constructed in 2022, the property features modern design, efficient layouts, and low expected maintenance.
Located at 10 Diane Rd, Columbia Falls, Montana, the building consists of six units, each offering a spacious 1150 square feet, 3 bedrooms and 2 bathrooms with modern finishes well-suited for long-term renters. The unit mix supports consistent demand and durable cash flow. The property is ideally situated just minutes from Glacier National Park and Glacier International Airport with convenient access to Whitefish, Kalispell, major employers, and everything Northwest Montana has to offer. Columbia Falls continues to have a demand for rental properties driven by population growth and tourism.
This is a turnkey multifamily opportunity for investors seeking reliable income, modern construction, and long-term appreciation in a premier Montana location.
Active
$1,800,000
10 Diane Rd, Columbia Falls, MT 59912
3beds
2baths
6,708sqft
Est.:
Multi Family, Apartment
Built in 2022
-- sqft lot
$-- Zestimate®
$268/sqft
$-- HOA
What's special
Modern finishesModern designEfficient layouts
- 14 days |
- 216 |
- 15 |
Zillow last checked: 8 hours ago
Listing updated: 12 hours ago
Listed by:
Matt Smith 406-471-5430,
Keller Williams Realty Northwest Montana
Source: MRMLS,MLS#: 30065194
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Cooling
- Ductless, Wall Unit(s)
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 6,708
- Total interior livable area: 6,708 sqft
Property
Parking
- Total spaces: 13
- Parking features: Garage
- Garage spaces: 13
Lot
- Size: 0.33 Acres
Details
- Parcel number: 07418618225100000
- Zoning description: CRA - 1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Modern
- Property subtype: Multi Family, Apartment
Materials
- Foundation: Poured
Condition
- New construction: No
- Year built: 2022
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & HOA
Location
- Region: Columbia Falls
Financial & listing details
- Price per square foot: $268/sqft
- Tax assessed value: $1,267,100
- Annual tax amount: $9,070
- Date on market: 2/11/2026
- Listing agreement: Exclusive Right To Sell
Estimated market value
Not available
Estimated sales range
Not available
$2,169/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/11/2026 | Listed for sale | $1,800,000-5.3%$268/sqft |
Source: | ||
| 9/17/2025 | Listing removed | $1,900,998$283/sqft |
Source: | ||
| 4/5/2025 | Listed for sale | $1,900,998+851%$283/sqft |
Source: | ||
| 4/19/2021 | Sold | -- |
Source: | ||
| 1/19/2021 | Listing removed | -- |
Source: | ||
| 3/14/2020 | Price change | $199,900-5.7%$30/sqft |
Source: Blackstone Realty Group - brokered by eXp Realty #22001341 Report a problem | ||
| 2/18/2020 | Price change | $212,000-3.6%$32/sqft |
Source: Blackstone Realty Group - brokered by eXp Realty #22001341 Report a problem | ||
| 2/12/2020 | Listed for sale | $220,000-77.1%$33/sqft |
Source: Blackstone Realty Group - brokered by eXp Realty #22001341 Report a problem | ||
| 2/7/2019 | Listing removed | $960,000$143/sqft |
Source: National Parks Realty of Montana, LLC - WF #21814051 Report a problem | ||
| 11/26/2018 | Listed for sale | $960,000$143/sqft |
Source: National Parks Realty of Montana, LLC - WF #21814051 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $10,214 +12.9% | $1,267,100 |
| 2023 | $9,049 +779.5% | $1,267,100 +1623.9% |
| 2022 | $1,029 -3.9% | $73,500 |
| 2021 | $1,071 +14.6% | $73,500 +21.9% |
| 2020 | $935 +1.4% | $60,320 |
| 2019 | $922 +67.4% | $60,320 +118.1% |
| 2018 | $550 +6.1% | $27,660 |
| 2017 | $519 +14.9% | $27,660 -13.2% |
| 2016 | $452 | $31,880 |
| 2015 | $452 -43.6% | $31,880 -18.5% |
| 2014 | $800 +26.1% | $39,135 +9.1% |
| 2013 | $635 +6.8% | $35,856 +10.9% |
| 2012 | $594 | $32,346 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$10,032/mo
Principal & interest
$9282
Property taxes
$750
Climate risks
Neighborhood: 59912
Nearby schools
GreatSchools rating
- 6/10Ruder Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 9/10Columbia Falls 7-8Grades: 6-8Distance: 0.1 mi
- 5/10Columbia Falls High SchoolGrades: 9-12Distance: 0.8 mi







