Multifamily Property with Expansion
For Sale
$599,000
404 S Arlee Street, Hot Springs, MT 59845
ResidentialIncome, Hot Springs, MT
Property SizeContact for details
Lot Size0.33 Acres
Days on Market40
Property Features for 404 S Arlee Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Laundry Room, Basement
Interior features
VaultedCeilings, WalkInClosets
Exterior features
FirePit
Appliances
Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
Lot features
Wooded, Level
View
Mountains
Elementary school district
District No. 14-J
Middle school district
District No. 14-J
High school district
District No. 14-J
Directions
Going west on Broadway Street turn left onto Spring Street S, then right onto 2nd Avenue South. Turn left onto Arlee Street.
Standard status
Active
APN
35309604408050000
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PINEVILLE 2ND ADD-HOT SPRINGS, S04, T21 N, R24 W, BLOCK 36, Lot 3 - 4
Tax Annual Amount
2505
Legal Description
PINEVILLE 2ND ADD-HOT SPRINGS, S04, T21 N, R24 W, BLOCK 36, Lot 3 - 4
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Baseboard
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1997
Floors in Building
2
Number of units
5
Building materials
WoodSiding, WoodFrame
Roof type
Metal
Listing Agency:
Performance Real Estate, Inc.
(406) 559-2040
Listed By:
Kara Chapman · License #RRE-BRO-LIC-98774
(406) 871-8647
Added: Aug 7
Changed: Sep 13
Last Checked: Sep 15 at 12:06AM
MLS# 30076355
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.
Investment Insights
Based on property information with market context.
Set on 0.326 acres in Hot Springs, this multifamily property contains five established rental units across several residential improvements. The original home includes three bedrooms, two baths, vaulted ceilings, and a 12x20 workshop. Separate accommodations include a studio cottage with its own laundry area and a studio cabin with a loft. A two-story duplex completed in 2025 adds two three-bedroom, two-bath units with laundry hookups.
Expansion work is in progress for another duplex, with footings already installed and a city-approved variance in place. Public water, sewer, and electrical infrastructure have been installed for the planned addition, supporting a potential increase to seven total rental units. The property was built in 1997 and also features public water, public sewer, metal roofing, wood siding, electric baseboard heating, window-unit cooling, and selected appliances.
Expansion work is in progress for another duplex, with footings already installed and a city-approved variance in place. Public water, sewer, and electrical infrastructure have been installed for the planned addition, supporting a potential increase to seven total rental units. The property was built in 1997 and also features public water, public sewer, metal roofing, wood siding, electric baseboard heating, window-unit cooling, and selected appliances.
Key Highlights
- Five established rental units across a main home, cottage, cabin, and duplex
- Two‑story duplex completed in 2025 with two 3‑bedroom, 2‑bath units
- Additional duplex expansion has footings installed and a city‑approved variance
Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
Explore this area
Business Placement
Demographics for 59845, MT
1,254
Population
717
Households
1.7
Avg Household Size
54
Median Age
20%
College-Educated
89%
High-School Grad
442.3 sq mi
ZIP Area
3
Density / Sq Mi
$31,458
Median Household Income
$20,987
Median Earnings
$639
Median Rent
$174,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Five rental units include a main residence, two smaller standalone dwellings, and a recently completed duplex.
Where is this multifamily property located?
The property is located at 404 S Arlee Street Hot Springs, MT.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Five established rental units across a main home, cottage, cabin, and duplex; Two‑story duplex completed in 2025 with two 3‑bedroom, 2‑bath units; Additional duplex expansion has footings installed and a city‑approved variance
