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    15655 Mullan Rd Frenchtown, MT 59834

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    Sponsored
    For Sale
    $624,900

    MULTI_FAMILY - Other - Frenchtown, MT

    Property size:
    2,800 SF
    Lot size:
    0.89 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 7 at 4:06 am

    Property Features for 15655 Mullan Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Basement, Laundry Room
    APN
    04232402103050000
    Interior features
    Fireplace, OpenFloorplan
    Exterior features
    Garden, Storage, PropaneTankLeased
    Fireplace
    1
    Appliances
    Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer, PropaneWaterHeater
    Size
    2,800 SF
    Lot size
    0.89 Acres

    Utilities

    Utilities
    Propane
    Sewer type
    Septic Tank, Private Sewer
    Heating system
    Natural Gas, Forced Air
    Water source
    Well
    Water front features
    Waterfront, Pond
    Water front
    1

    Building Details

    Year built
    1963
    Floors in Building
    2
    Number of units
    2
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Emily Englund

    Keller Williams Realty Western Montana (406) 926-3434

    Listing agent Emily Englund (406) 239-3323 License #RRE-RBS-LIC-17153

    Listing date Mar 5, 2026

    MLS# 30066288 Listing URL

    Copyright © 2026 Montana Regional 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

    Property Insight Report

    Overview

    Versatile Living Space Near School

    This property offers 2,800 sq ft of versatile living space on almost an acre, located near the Frenchtown school. The main floor features 3 bedrooms, 1.5 baths, a spacious kitchen with ample cabinet space, a laundry room, and a welcoming living room with a gas fireplace. The fully remodeled basement offers a private entrance, a full kitchen, 1 bedroom, plus a bonus room, and a full bath with stackable washer & dryer, and living room with its own gas fireplace. It is ideal for a mother-in-law suite, guest quarters, or potential rental income. Updates include a new on-demand hot water heater, new plumbing throughout, electrical upgrades, new lighting throughout, new interior & exterior paint, and a new fence with multiple entry secure gates. In addition to the large two-car garage, there is a storage barn, several sheds, and a shop with an oversized door, extra-high ceiling, insulation, and woodstove heating. The property has protected views and landscaping with a variety of trees, a pond highlighted with lily pads and cattails that enjoys frequent visits from foxes, otters, and birds. There is a custom state-of-the-art chicken coop with a solar-powered automatic door, large raised garden beds, and a greenhouse.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Auto Repair Shop Pharmacy Nail Salon Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Frenchtown
    County
    Missoula
    State
    Montana
    Longitude
    -114.214729
    Latitude
    47.007103

    Nearby Similar for Sale

    • $1,100,000
      1.03 Acres

      Frenchtown Bar & Rental Portfolio

      Historic Montana Bar & Grill with Rentals
      16780 Beckwith St, Frenchtown, MT 59834
      View Details

    FAQs

    What type of property is this?
    Single family property - 2,800 sq ft home on almost an acre.
    Where is this single family property located?
    The property is located at 15655 Mullan Rd Frenchtown, MT.
    What is the asking price?
    The asking price for this property is $624,900.
    What are key features of this property?
    This property features: - No Covenants, HOA, or Zoning restrictions; - Fully remodeled basement with private entrance, full kitchen, bath, living room, and bedroom; - Large shop with oversized door, extra-high ceiling, insulation, and woodstove heating
    (406) 239-3323
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    15655 Mullan Rd Frenchtown, MT 59834
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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
    15655 Mullan Rd Frenchtown, MT 59834
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    We can help!
    Listing Contact
    Emily Englund
    Real Estate License ID: RRE-RBS-LIC-17153
    (406) 239-3323 (406) 926-3434
    Learn more
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