Bozeman Multifamily Investment
For Sale
$925,000
409 S Grand Avenue, Bozeman, MT 59715
MULTI_FAMILY - Bozeman, MT
Property SizeContact for details
Lot Size0.19 Acres
Days on Market92
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
Active
APN
RGH5921
Lot size
0.19 Acres
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
(406) 551-2345
Listed By:
Jeremy Seglem · License #RBS-88697
(406) 404-9404
Added: May 18
Last Checked: Aug 17 at 7:06AM
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.
Located in Bozeman's Bon Ton Historic District, this property, constructed in 1902, has been converted into a five-unit apartment building. Situated on a lot exceeding 8,400 square feet, the property is positioned on a walkable block south of Main Street, characterized by tree-lined streets and historic architecture. Downtown Bozeman, Montana State University, Cooper Park, and various trail systems are within walking or biking distance. The property offers a stabilized rent roll and redevelopment potential. The existing five-unit configuration generates income, with rents positioned below market value. The property's location and existing multi-unit use present an infill opportunity in Bozeman's desirable submarket. The Bon Ton has been cited by city planners as a model of the "missing middle" density Bozeman is encouraging. The property is located in the historic core.
Key Highlights
- Rare opportunity in Bozeman's coveted Bon Ton Historic District.
- Income‑producing property with five apartments and a stabilized rent roll.
- Significant redevelopment potential on a large 8,400+ sq ft lot.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
581
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit apartment building in Bozeman's historic Bon Ton District.
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: Rare opportunity in Bozeman's coveted Bon Ton Historic District.; Income‑producing property with five apartments and a stabilized rent roll.; Significant redevelopment potential on a large 8,400+ sq ft lot.
