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    The Largest CRE Database in the US with Over 1 Million Listings

    1206/1208 F. Ave Circle, MT 59215

    Sponsored
    For Sale
    $615,000

    Multi Family, Four-Plex - Circle, MT

    Type:Multi Family
    Property size:
    6,400 SF
    Lot size:
    1.33 Acres
    Days on Market:
    15
    Last Refresh:
    Jan 26 at 8:06 am

    Property Features for 1206/1208 F. Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Zoning
    Residential, Commercial, Multi Family
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    16
    APN
    41-2945-10-3-34-01-0
    Interior features
    Ceiling Fans, Accessibility Features, Flooring- Linoleum, Flooring- Carpet, Countertops- Solid Surface, Windows- Updated
    Exterior features
    Out Building, Trees, View Of Hills, Work Shop
    Appliances
    Garbage Disposer, Range, Refrigerator
    Size
    6,400 SF
    Lot size
    1.33 Acres

    Utilities

    Heating system
    Baseboard
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1975
    Floors in Building
    4
    Number of units
    8
    Building materials
    Brick, Stone
    Roof type
    Asphalt, Metal, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Jennifer Jones
    Jennifer Jones

    United Country Montana-Dakota Real Estate (406) 989-1983

    Listing agent Jennifer Jones (406) 365-7974

    Listing date Jan 12, 2026

    MLS# 331300 Listing URL

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

    Learn more

    Overview

    Well-Maintained Fourplexes in Circle, MT

    These well-maintained fourplexes present a strong investment opportunity, offering steady income and minimal upkeep. Currently operated as 55+ HUD-rated housing, the properties have no requirement to remain age-restricted, providing flexibility for future use and tenant options. Each of the eight units includes 2 bedrooms and 1 bathroom, along with updates that make them comfortable and accessible for long-term tenants. All units feature individual electric meters, detached garages, and access to an on-site coin-operated laundry, offering convenience for residents and additional income potential for owners. Recent improvements have enhanced both efficiency and curb appeal, helping maintain full occupancy and attract stable renters. These properties are designed for independent living with a sense of community, making them ideal for those seeking turnkey, low-maintenance income properties. Located in Circle, Montana, this quiet community offers an active small-town lifestyle with access to fishing, hiking, stargazing, snowmobiling, rodeos, county fairs, and local community events. The property, situated on a 1.33-acre lot, has a building size of 6400 square feet. The zoning is Residential, Commercial, and Multi Family. This is a solid investment with reliable income and long-term potential.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Circle
    County
    McCone
    State
    Montana
    Longitude
    -105.5931056
    Latitude
    47.414558

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    FAQs

    What type of property is this?
    Quadplex - Strong investment opportunity with steady income and minimal upkeep.
    Where is this quadplex located?
    The property is located at 1206/1208 F. Ave Circle, MT.
    What is the asking price?
    The asking price for this property is $615,000.
    What are key features of this property?
    This property features: - Strong investment opportunity with steady income and minimal upkeep.; - Eight total units, each with 2 bedrooms and 1 bathroom, designed for comfortable and accessible long-term tenants.; - No requirement to remain age-restricted, providing flexibility for future use and tenant options.
    (406) 365-7974
    Request Owner's contact information
    1206/1208 F. Ave Circle, MT 59215
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    Circle, MT 59215
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    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
    1206/1208 F. Ave Circle, MT 59215
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    We can help!
    Listing Contact
    Jennifer Jones
    Jennifer Jones
    (406) 365-7974
    Learn more
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