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Five-Unit Historic Apartment Building
For Sale
$925,000
Pending

409 S Grand Avenue, Bozeman, MT 59715

ResidentialIncome, Bozeman, MT

Property SizeContact for details
Days on Market138

Property Features for 409 S Grand Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description R4
Subdivision Fairview Addition
Directions S Grand on W side between Curtiss and Story
Standard status Pending
APN RGH5921

Taxes and HOA fees

Tax Year 2025
Tax Description FAIRVIEW ADD, S07, T02 S, R06 E, BLOCK 3, LOT 4 - 5, ACRES 0.193, PLAT C-3
Tax Annual Amount 5850
Legal Description FAIRVIEW ADD, S07, T02 S, R06 E, BLOCK 3, LOT 4 - 5, ACRES 0.193, PLAT C-3

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Varies by Unit
Water source Public

Building Details

Year built 1902
Floors in Building 3
Number of units 5
Listing Agency: The Agency Bozeman
Listed By: Jeremy Seglem · License #RBS-88697
Added: May 18 Changed: Aug 31 Last Checked: Oct 2 at 7:06PM
MLS# 411242

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.

Investment Insights

Based on property information with market context.

Constructed in 1902, this apartment building contains five income-producing units on an 8,400+ square foot lot in Bozeman’s Bon Ton Historic District. The property offers an established multifamily configuration within the city’s historic core, with public water and public sewer serving the site.

The address is near downtown Bozeman, Montana State University, Cooper Park, and local trail systems, with nearby destinations described as accessible by walking or bicycle. Heating is provided by forced air, while cooling varies by unit. The property combines an existing apartment use with a historic setting and an in-town location.

Key Highlights

  • Five income‑producing apartments
  • Built in 1902
  • 8,400+ square foot lot

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Locksmith Grocery & Convenience Store Home Appliance Store (Bike/Boat/Book/etc) Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

2,163
Businesses Nearby

Demographics for 59715, MT

37,286
Population
17,116
Households
2.2
Avg Household Size
30
Median Age
68%
College-Educated
98%
High-School Grad
294.9 sq mi
ZIP Area
126
Density / Sq Mi
$85,000
Median Household Income
$31,646
Median Earnings
$1,376
Median Rent
$755,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Historic multifamily property with five apartments, public utilities, and a central Bozeman setting.
Where is this apartment building located?
The property is located at 409 S Grand Avenue Bozeman, MT.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Five income‑producing apartments; Built in 1902; 8,400+ square foot lot
More about this property
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