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

    1215 E Gallatin Street Livingston, MT 59047

    View on Map
    New
    For Sale
    $575,000

    Craftsman, Other - Livingston, MT

    Type:Multi Family
    Lot size:
    0.32 Acres
    Added:
    Mar 30, 2026
    Days on Market:
    2
    Last Refresh:
    Mar 31 at 2:06 pm

    Property Features for 1215 E Gallatin Street

    General Information

    Property type
    Other
    Property subtype
    Multi Family
    Zoning
    Call Listing Agent for Details
    Exterior features
    Garden
    Appliances
    Dryer, Freezer, Range, Refrigerator
    Standard status
    Active
    APN
    0000017130
    Lot size
    0.32 Acres

    Utilities

    Heating system
    Baseboard, Natural Gas
    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1947
    Floors in Building
    2
    Flooring type
    Laminate, Tile
    Roof type
    Asphalt, Shingle
    Architectural style
    Craftsman

    We can help!

    Listing Contact
    Dolly Nickerson

    Listing agent Dolly Nickerson

    Listing office Engel & Völkers Livingston 106 East Babcock, Suite 1C, Bozeman, MT

    Listing date Mar 30, 2026

    MLS# 409295 Listing URL

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

    Overview

    Unique Livingston Property with ADU

    This unique property, situated on four city lots, presents a rare opportunity. Available for the first time since 1947, the property is located across from the new $25 million wellness center in Livingston. The main house features character with 3 bedrooms and 1 full bathroom. The property also includes a charming accessory dwelling unit (ADU) suitable for guest lodging or rental purposes, whether long-term or short-term. Additional features include a greenhouse/sitting room, a newer storage shed, garden areas, and fenced yards. A garage and shop are also located on the property. The lot size is approximately 0.32 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Livingston
    County
    Park
    State
    Montana
    Longitude
    -110.551359
    Latitude
    45.672595

    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

      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
    • $1,200,000

      Remodeled Home with Apartment on Acres

      Remodeled home with apartment on 16 acres near Yellowstone.
      109 Run Way Lane, 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?
    Multifamily property - Charming home with ADU and development potential near wellness center.
    Where is this multifamily property located?
    The property is located at 1215 E Gallatin Street Livingston, MT.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Four city lots located directly across from a new $25 million wellness center.; Includes a charming Accessory Dwelling Unit (ADU) suitable for rental income or guest lodging.; First time on the market in almost 80 years (since 1947).
    (406) 698-7606
    We can help!
    Listing Contact
    Dolly Nickerson
    Real Estate License ID: RBS-63265
    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!