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    301 Spring Street Gardiner, MT 59030

    View on Map
    For Sale
    $1,799,000

    MULTI_FAMILY - Contemporary - Gardiner, MT

    Lot size:
    0.19 Acres
    Added:
    Sep 12, 2024
    Days on Market:
    566
    Last Refresh:
    Mar 31 at 8:06 pm

    Property Features for 301 Spring Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    On Street
    Patio and Porch features
    Porch
    Interior features
    WindowTreatments
    Appliances
    Cooktop, Dryer, Dishwasher, Range, Refrigerator, Washer
    Standard status
    Active
    APN
    0000045420
    Lot size
    0.19 Acres

    Taxes and HOA fees

    TaxYear
    2023
    TaxDescription
    S23, T09 S, R08 E, C.O.S. 2688 RB, PARCEL K2, ACRES 0.19
    TaxAnnualAmount
    3676

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard
    Water source
    Public

    Building Details

    Year built
    2020
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Laminate, Carpet
    Building materials
    Hardboard, LapSiding
    Roof type
    Asphalt
    Architectural style
    Contemporary

    We can help!

    Listing Contact
    Alyssa Nolan
    Alyssa Nolan

    Listing agent Alyssa Nolan License #RBS-17597

    Listing office Small Dog Realty 1970 Stadium Drive, Suite 1, Bozeman, MT

    Listing date Sep 12, 2024

    MLS# 396659

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

    Overview

    Gardiner, MT Multifamily Investment Property

    This multifamily property, constructed in 2020, presents a range of possibilities, including operating a vacation rental business or exploring long-term rental options. The property features four fully-equipped, turnkey apartments. Each unit includes two bedrooms, a full bath, upscale finishes, in-unit laundry, tasteful furnishings, and essential appliances. Accessibility is enhanced by one ground-level ADA-compliant unit, while all units feature spacious doorways and single-level living. Situated steps from the Yellowstone River, the historic Roosevelt Arch, and Yellowstone National Park's only year-round entrance, the location provides access to regional amenities throughout the year. The lot size is 0.19 acres. Seller financing is possible.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Gym & Fitness Center Nail Salon Department Store Food Market Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Gardiner
    County
    Park
    State
    Montana
    Longitude
    -110.7076116
    Latitude
    45.0316777

    Nearby Similar for Sale

    • $975,000

      Rustic Multi-Family Near Yellowstone

      Unique multi-family property near Yellowstone's North Entrance.
      495 Jardine Road, Gardiner, MT 59030
      View Details
    • $1,995,000

      VRBO Investment Near Yellowstone Park

      Turnkey VRBO investment property near Yellowstone National Park's north entrance.
      305 Spring Street unit: A-D, Gardiner, MT 59030
      View Details
    • $1,995,000
      4,000 SF

      Turnkey VRBO near Yellowstone

      Thriving VRBO business opportunity near Yellowstone National Park.
      305 Spring Street Unit A-D, Gardiner, MT 59030
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four turnkey apartments near Yellowstone's entrance, ideal for vacation rentals.
    Where is this quadplex located?
    The property is located at 301 Spring Street Gardiner, MT.
    What is the asking price?
    The asking price for this property is $1,799,000.
    What are key features of this property?
    This property features: Prime location just outside Yellowstone National Park's only year‑round entrance, near the Yellowstone River and Roosevelt Arch.; Four **fully‑equipped, turnkey apartments built in 2020** with upscale finishes and tasteful furnishings.; Each unit features two bedrooms, a full bath, in‑unit laundry, and all essential appliances.
    (406) 396-1397
    We can help!
    Listing Contact
    Alyssa Nolan
    Alyssa Nolan
    Real Estate License ID: RBS-17597
    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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