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    38594 4 St W Charlo, MT 59824

    View on Map
    Sponsored
    For Sale
    $399,900

    MULTI_FAMILY - Charlo, MT

    Lot size:
    0.24 Acres
    Days on Market:
    59
    Last Refresh:
    Mar 13 at 4:06 am

    Property Features for 38594 4 St W

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Basement, Laundry Room
    APN
    15286805218030000
    Parking features
    RV
    Interior features
    MainLevelPrimary, WalkInClosets
    Appliances
    Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
    Lot size
    0.24 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Ductless (Heating), Forced Air
    Cooling system
    Wall Unit(s), Ductless
    Water source
    Public

    Building Details

    Year built
    1930
    Floors in Building
    2
    Number of units
    3
    Roof type
    Metal

    We can help!

    Listing Contact
    Carla Hardy
    Carla Hardy

    ERA Lambros Real Estate (406) 532-9200

    Listing agent Carla Hardy (406) 531-8112 License #RRE-BRO-LIC-13840

    Listing date Jan 13, 2026

    MLS# 30060586 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

    Converted Church with Multifamily Potential

    This converted church in Charlo features three finished units, each offering its own charm and functionality. The main unit includes one bedroom and one bathroom, washer and dryer hookups, an open kitchen and living area, and access to the yard. Unit #2, previously operated as a successful Airbnb, is fully furnished and turnkey, featuring one bedroom, one bathroom, a kitchen, and a dining area. Unit #3 is a furnished guest suite, also previously used as an Airbnb, with a queen bed, kitchenette, and full bath. The property showcases original hardwood floors, restored stained-glass windows, updated plumbing and wiring completed in 2020, new mini splits installed in 2024, stucco siding, and a metal roof. The unfinished basement includes a half bath, laundry hookups, a bonus room, a living room, and the start of a kitchen, presenting potential for a fourth unit or additional living space. Exterior features include a full RV hookup, a privacy-fenced landscaped yard, and fiber optic internet. Located across from Charlo School, the property offers views of the Mission Mountains and an easy commute to Polson or Missoula. Situated on a 0.241-acre lot, this property is suitable for multi-family living, owner-occupancy, or as an income opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Map

    City
    Charlo
    County
    Lake
    State
    Montana
    Longitude
    -114.17363
    Latitude
    47.439952

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    FAQs

    What type of property is this?
    Church & religious facility - Unique property with three units, historic charm, and modern amenities.
    Where is this church & religious facility located?
    The property is located at 38594 4 St W Charlo, MT.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: - Converted church with three finished units, offering multi-family living or income potential.; - Two **turnkey Airbnb units** (one fully furnished, one furnished guest suite) provide immediate income opportunities.; - Updated plumbing and wiring (2020) and new mini splits (2024) ensure modern efficiency.
    (406) 531-8112
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    38594 4 St W Charlo, MT 59824
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    Charlo, MT 59824
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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
    38594 4 St W Charlo, MT 59824
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    We can help!
    Listing Contact
    Carla Hardy
    Carla Hardy
    Real Estate License ID: RRE-BRO-LIC-13840
    (406) 531-8112 (406) 532-9200
    Learn more
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