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    2487 2nd Street Worden, MT 59088

    View on Map
    For Sale
    Under Contract
    $525,000

    MULTI_FAMILY - Ranch - Worden, MT

    Type:Single Family Residence
    Lot size:
    0.82 Acres
    Added:
    Feb 27, 2026
    Days on Market:
    34
    Last Refresh:
    Apr 2 at 7:06 am

    Property Features for 2487 2nd Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Bedrooms
    10
    Rooms
    Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 8, Bathroom 3, Bathroom 1, Bedroom 7, Bedroom 10, Bedroom 9, Bathroom 5, Bedroom 6, Bathroom 4
    Standard status
    Active Under Contract
    APN
    C19019
    Lot size
    0.82 Acres

    Taxes and HOA fees

    TaxDescription
    KRASKE SUBD (24), S31, T03 N, R29 E, BLOCK 57 Lots 1-5
    TaxAnnualAmount
    2948

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Electric (Heating)
    Water source
    Public

    Building Details

    Year built
    1951
    Floors in Building
    1
    Number of units
    5
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Rachel Cooper

    Listing agent Rachel Cooper License #RRE-RBS-LIC-99402

    Listing office Red Truck Real Estate 111 E Main Street, Billings, MT

    Listing date Feb 27, 2026

    MLS# 357460 Listing URL

    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.

    Overview

    Five Homes in Worden, Montana

    This property features five homes, each containing two bedrooms and one bathroom, offering comfort and simplicity. The well-designed homes include inviting living spaces and practical amenities, making them attractive to long-term tenants. The homes are thoughtfully arranged along a quiet street that forms a convenient loop, providing easy access and a welcoming neighborhood feel. Each unit includes a bright living area, an easy-to-maintain kitchen, two comfortable bedrooms, and a functional full bathroom. Dedicated laundry areas add convenience and increase tenant satisfaction. The property is located in Worden, Montana, on a lot of approximately 0.8213 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Department Store Kitchen & Bath Showroom Food Market Grocery & Convenience Store Bar & Pub Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Worden
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.159596
    Latitude
    45.964806

    Nearby Similar for Sale

    • $775,000

      Worden, MT Land with Shops

      Land with living space, heated shop, and additional shop.
      2453 N 14th Road, Worden, MT 59088
      View Details
    • $450,000
      1,700 SF

      Worden Office Space For Sale

      Office property in Worden, Montana, offering 1700 square feet.
      2440 4th St, Worden, MT
      View Details

    FAQs

    What type of property is this?
    Apartment building - Five 2-bedroom, 1-bath homes offering comfort and rental appeal.
    Where is this apartment building located?
    The property is located at 2487 2nd Street Worden, MT.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Collection of five 2‑bedroom, 1‑bath homes.; Steady income opportunity with consistent rental demand.; Each unit has dedicated laundry areas.
    (406) 591-6875
    We can help!
    Listing Contact
    Rachel Cooper
    Real Estate License ID: RRE-RBS-LIC-99402
    Learn More
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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
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