Butte Duplex with Historic
205 N Excelsior Avenue Butte, MT 59701
205 N Excelsior Avenue, Butte, MT, 59701
$395,000
For Sale
$395,000
MULTI_FAMILY - Other - MT
Property Size4,890 SF
Lot Size0.07 Acres
Price / SF$80.78
Days on Market144
Property Features for 205 N Excelsior Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Rooms
- Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 5
- Standard status
- Active
- APN
- 1359000
- Size
- 4,890 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Description
- EMMET ADD, S14, T03 N, R08 W, BLOCK 2, N 33'2"" OF LTS 14-16
- Tax Annual Amount
- 2990
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Natural Gas
- Water source
- Public
Building Details
- Year built
- 1905
- Floors in Building
- 2
- Number of units
- 2
- Architectural style
- Other
Listing agency
Century 21 Shea Realty
(406) 723-5455
Listed by
Jennifer Shea · License #RRE-BRO-LIC-13804
(406) 560-5366
Added: Feb 28 Updated: Jul 18 at 9:19AM Checked: Jul 22 at 8:06PM
MLS# 357847
Copyright © 2026 Billings Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This historic up-and-down style duplex offers generous living space, with each unit featuring a well-considered floor plan. The units include wood floors, a spacious living room, a wide hallway leading to three sizable bedrooms, a full bathroom, a formal dining room, and a kitchen. The upper unit also has an enclosed sunroom. The basement provides a paid laundry area, ample storage, and a utility room. Each unit has its own small garage, suitable for additional storage. Located close to the hospital, Montana Tech, and historic uptown Butte, the property presents multiple options: live in one unit and lease the other, or purchase as an investment property. The total square footage of the building is approximately 4,890 sq. ft. The lot size is 0.068 acres.
Key Highlights
- Historic up‑and‑down style duplex built in 1905, with approximately 4,890 sq. ft. total building area
- Each unit features wood floors, a spacious living room, formal dining room, kitchen, three bedrooms, and a full bathroom
- Upper unit includes an enclosed sunroom
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.9k | $10.20 |
| − Vacancy | −$3.3k | −$0.68 |
| EGI | $46.6k | $9.52 |
| − OpEx | −$14.0k | −$2.86 |
| NOI | $32.6k | $6.67 |
4,890 SF · lease $10.20/SF/yr · vacancy 6.65% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$465.6K
$407.4K – $543.2K
NOI $32,593 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$428.8K
$375.2K – $500.3K
NOI $30,015 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$1.07M
$932.5K – $1.24M
NOI $74,601 @ 7.0% cap · market cap 18.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Spacious duplex near hospital, Montana Tech, and uptown Butte.
Where is this duplex located?
The property is located at 205 N Excelsior Avenue Butte, MT.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Historic up‑and‑down style duplex built in 1905, with approximately 4,890 sq. ft. total building area; Each unit features wood floors, a spacious living room, formal dining room, kitchen, three bedrooms, and a full bathroom; Upper unit includes an enclosed sunroom
