Montana Apartment Buildings for Sale

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Billings, MT Missoula, MT Bozeman, MT Kalispell, MT Helena, MT Whitefish, MT Butte, MT Great Falls, MT

123 properties

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Updated: Jun 15

Victorian-Style Five-Plex with Garages

105 Yellowstone Avenue, Billings, MT 59101

$495,000

5,310 sqft 0.32 AC lot

Five‑plex with four two‑bedroom, one‑bathroom units
Seven individual garage units included
5,310 square feet on 0.3214 acres
Built in 1910 with vinyl siding and asphalt shingle roofing
Natural‑gas forced‑air heat; public water and public sewer

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This listing looks promising.

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105 Yellowstone Avenue, Billings, MT 59101

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Est. Cap Rate

9.1%
Above avg (5.9%)
Est. NOI

$45K
Annual
Price @ 7% Cap

$642K
Above asking
Property Type

Garden Apt, Court Apt
Built 1910

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Updated: Jul 1

Six-Plex Apartment Building Under Construction

4633 King Avenue W, Billings, MT 59106

$1,990,000

7,864 sqft 1.84 AC lot

Built in 2024 with modular prefab construction, under construction six‑plex apartment building
Unit mix: two 2 bed/1 bath, two 2 bed/2 bath, two 3 bed/2.5 bath units
20 of 24 total units currently leased; four identical six‑plex buildings available
1.841‑acre lot with 7,864 SF building size
Forced‑air natural gas heating with central air cooling

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Newly Renovated 5-Plex Apartment Building

117 E Church Street, Absarokee, MT 59001

$788,500

6,240 sqft 0.27 AC lot

Newly renovated 5-plex with updated finishes, each unit with a garage and private backyard areas.

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5-Unit Apartment Building with Corner Lot

405 Roxy Lane, Billings, MT 59105

$810,000

5,600 sqft 0.28 AC lot

Corner-lot 5-unit apartment building with public water and sewer and electric baseboard heat.

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Multifamily Property with RV Site

300 Jay Hawk Ln, Columbia Falls, MT 59912

$875,000

4,576 sqft 2.96 AC lot

Five income-producing units plus a full-service RV site on fenced, landscaped acreage with designated yards and parking.

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Furnished Sober Living Multifamily Home

3320 Ravalli Pl, Billings, MT 59102

$500,000

5,144 sqft 0.21 AC lot

Operating sober living home with 8 bedrooms, two full kitchens, separate entrances, and 100% furnished ready for use.

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24-Unit Brick Multifamily Building

420 Lordwith Drive, Billings, MT 59102

$5,450,000

23,760 sqft 0.55 AC lot

24-unit multifamily building with central air and public utilities, fully occupied with a waitlist and an approved condo conversion.

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Well-Maintained 10-Plex Investment

518 W Jefferson Avenue, Chester, MT 59522

$675,000

8,516 sqft

Ten-unit apartment building offering a mix of 2-bedroom and 1-bedroom layouts with 1.5 baths per unit.

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2022-Renovated Fourplex and Two Houses

206-210 N 18th Street, Billings, MT 59101

$774,000

3,362 sqft 0.16 AC lot

Completely renovated 2022 fourplex plus two houses on two lots, with stone/granite counters in five units.

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Mixed-Use Development Opportunity in Billings

100 W Wicks, Billings, MT 59105

$1,900,000

6,156 sqft 2.44 AC lot

Prime commercial property with development potential in a growing area.

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Renovated 5-Plex Income Property

117 E Church St, Absarokee, MT 59001

$788,500

6,240 sqft

Newly renovated 5-plex with updated interior finishes and unit garages and yard areas.

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Furnished Multi-Unit Investment Property

811 N Meade Ave, Glendive, MT 59330

$440,000

3,828 sqft 0.17 AC lot

Furnished multi-unit property operating as a short-term rental business.

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Craftsman Multifamily Property

621 & 617 N Rouse Avenue, Bozeman, MT 59715

$2,025,000

0.48 AC lot

Two parcels with five occupied rental units, RA zoning, and public utilities near Bozeman’s Cannery District.

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Mixed-Use 7-Unit Property

412 E Spruce St, Missoula, MT 59802

$850,000

5,419 sqft

Seven-unit mixed-use building with 6 residential units and a commercial space plus two leased garage bays.

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Victorian Apartment Building

301 S 4th Street, Hamilton, MT 59840

$795,000

0.29 AC lot

Fully occupied multifamily property with laundry facilities, a patio, and accessible ramp approach.

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Apartment Building with Fireplace

539 N Rouse Avenue, Bozeman, MT 59715

$1,650,000

0.27 AC lot

Church and rectory conversion apartment building featuring a porch, fireplace, and public water and sewer services.

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Turnkey Multifamily with Storage

473 Osborn Avenue, Bigfork, MT 59911

$2,100,000

3,600 sqft

Fully renovated multifamily property includes short-term rentals, long-term units, a coin-operated laundromat, and mini-storage.

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Apartment Building with Commercial Space

412 E Spruce Street, Missoula, MT 59802

$850,000

0.10 AC lot

Six residential units accompany a commercial area and garage bays in a fully leased property.

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Stabilized 16-Unit Apartment Investment

1447 Flathead St, Billings, MT 59105

$3,167,350

13,324 sqft

Fully occupied 16-unit multifamily property featuring all 1-bedroom units with tenant-paid electric utilities.

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28-Unit Apartment Building

648 Highton Street, Missoula, MT 59802

$8,795,000

0.78 AC lot

Under-construction multifamily property offering varied floor plans, private outdoor areas, and in-unit laundry.

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Multifamily Property with Triplex

1326 - 1330 S 4th Street W, Missoula, MT 59801

$1,300,000

6,924 sqft

Triplex plus a group-home style residence with six private bedroom-bath suites, common areas, offices, and shared laundry.

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Six-Unit Multifamily Property with Storage

517, 517.5, 525 S 6th Street E, Missoula, MT 59801

$1,950,000

0.18 AC lot

Renovated fourplex and two detached homes include on-site laundry, alley access, and separate storage improvements.

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Eight-Unit Two-Story Multifamily

420 Lordwith Drive Building C, Billings, MT 59102

$1,711,340

7,920 sqft

Brick building with eight 2BR/1BA units, 100% occupied, and condo conversion approved, including four renovated units.

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Renovated Mixed-Use Building

140 W Park, Butte, MT 59701

$2,600,000

0.10 AC lot

Residential apartments occupy the upper floors above commercial suites with restaurant tenancy on the main level.

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Montana Apartment Buildings Market Trends and Statistics

Explore 123 apartment buildings for sale in Montana, showcased through 123 active listings on our real estate platform. These investment opportunities span a total of 541,581 square feet of properties for sale, with an estimated market value of $213,474,190.

Sale prices for two-family homes in Montana start at $199,000, averaging $2,178,308, and reaching up to $15,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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