Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    109 Run Way Lane Livingston, MT 59047

    View on Map
    For Sale
    $1,200,000

    MULTI_FAMILY - Other - Livingston, MT

    Lot size:
    15.98 Acres
    Added:
    Nov 3, 2025
    Days on Market:
    148
    Last Refresh:
    Mar 31 at 3:06 pm

    Property Features for 109 Run Way Lane

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Garage, Open
    Patio and Porch features
    Deck
    Interior features
    WetBar
    Exterior features
    Garden, GravelDriveway
    Appliances
    Disposal, Range, Refrigerator, WaterSoftener, Dryer, Washer
    Standard status
    Active
    APN
    0003134350
    Lot size
    15.98 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    Tract C-5-B, the "Remainder Tract" of Certificate of Survey No. 2241FC, according to the official plat thereof on file and of record in the office of the Clerk and Recorder, Park County Montana. To be verified by the title company.
    TaxAnnualAmount
    1814

    Utilities

    Utilities
    Propane
    Sewer type
    Septic Tank
    Heating system
    Forced Air, Propane (Heating)
    Cooling system
    Central Air, Ceiling Fan(s), Window Unit(s)
    Water source
    Well

    Building Details

    Year built
    1999
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Laminate, Tile, Engineered
    Building materials
    Hardboard
    Roof type
    Asphalt, Shingle
    Architectural style
    Other
    Additional Structures
    Barn(s)

    We can help!

    Listing Contact
    Peg Sundling

    Listing agent Peg Sundling License #BRO-54805

    Listing office Berkshire Hathaway Livingston 217 W. Park, Bozeman, MT

    Listing date Nov 3, 2025

    MLS# 406718 Listing URL

    Copyright © 2026 Big Sky Country MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Remodeled Home with Apartment on Acres

    This completely remodeled home with an apartment is situated on 16 acres in Paradise Valley, Montana. The main house features a comfortable layout with natural light and space. The separate apartment is suitable for guests, family, rental income, or extended family. The property offers space for gardening and raising animals. Located between Livingston and Yellowstone National Park, the property provides panoramic mountain views and access to fishing on the Yellowstone River, Sage Lodge, and Chico Hot Springs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Arrowhead Electric Inc Electrical Service

    Suggested Use

    Restaurant Big Box & Wholesale Store Hotel & Motel Gym & Fitness Center Garden Center Discount Store Electrical Service Restaurant Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Livingston
    County
    Park
    State
    Montana
    Longitude
    -110.6554498
    Latitude
    45.4311248

    Nearby Similar for Sale

    • $400,000
      5,630 SF

      Established Retail Business in Livingston

      Anchor business opportunity in historic downtown Livingston, Montana.
      108 N 2nd Street, Livingston, MT 59047
      View Details
    • $575,000

      Unique Livingston Property with ADU

      Charming home with ADU and development potential near wellness center.
      1215 E Gallatin Street, Livingston, MT 59047
      View Details
    • $575,000

      Craftsman Multifamily Property in Livingston

      Unique property with income potential near wellness center.
      1215 E Gallatin Street, Livingston, MT 59047
      View Details
    • $685,000

      Historic Triplex in Livingston, MT

      Three units, investment potential, historic charm, updated features.
      119 S Yellowstone Street, Livingston, MT 59047
      View Details
    • $799,000

      Remodeled Income-Producing Multifamily Property

      Fully remodeled multifamily property in downtown Livingston, Montana.
      109 S F Street, Livingston, MT 59047
      View Details
    • $799,000

      Remodeled Income-Producing Multifamily Property

      Fully remodeled multifamily property in downtown Livingston, Montana.
      109 S F Street, Livingston, MT 59047
      View Details
    • $719,900

      Versatile Mixed-Use Property Near Downtown

      Unique property with residence, ADU, and heated shop near downtown.
      1801 Sun Avenue, Livingston, MT 59047
      View Details
    • $799,000

      Remodeled Livingston Multi-Family Income Property

      Move-in ready multi-family property in downtown Livingston, Montana.
      109 S F Street, Livingston, MT 59047
      View Details
    • $1,900,000

      Historic Church with Redevelopment Potential

      Historic church and parsonage on 5 lots in downtown Livingston.
      236 S 3rd Street, Livingston, MT 59047
      View Details
    • $895,000

      Mixed-Use Building in Historic District

      Downtown Livingston mixed-use property with income and flexibility.
      124/126 S 2nd, Livingston, MT 59047
      View Details
    • $795,000

      Historic Livingston Building with Apartments

      Historic building with bar, restaurant, and updated apartments.
      118 N Main St, Livingston, MT 59047
      View Details
    • $215,000

      Livingston Beer & Wine License

      City of Livingston Beer/Wine with Gaming License for sale.
      218 S Main St, Livingston, MT, 59047-3017
      View Details

    FAQs

    What type of property is this?
    Single family property - Remodeled home with apartment on 16 acres near Yellowstone.
    Where is this single family property located?
    The property is located at 109 Run Way Lane Livingston, MT.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 16 Acres in Paradise Valley with Panoramic Mountain Views; Separate Apartment for Guests, Family, Rental Income, or Mother‑In‑Law; Convenient Location Between Livingston and Yellowstone National Park
    (406) 580-6501
    We can help!
    Listing Contact
    Peg Sundling
    Real Estate License ID: BRO-54805
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!