$1,980,000
146 Iowa Avenue, Whitefish MT, 59937
Price per sqftN/A
Property typeCommercial
Overview
Active
Listed Aug 26, 2026
Updated 3 weeks ago
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. This is also listed in MLS as a Multi-family property MLS #30068912
Additional information
- MLS® ID
- 30077304
Interior Features
- Basement
- No
Exterior Features
- Lot Size
- 0.31 Acres
Other Property Details
- Taxes
- $5,218
- Tax Frequency
- Annually
- View
- Yes
Courtesy of Glacier Sotheby's International Realty Whitefish
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Sandra West shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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