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Residential Income Property with Multiple Rooms

420 Water Avenue Colstrip, MT 59323

Claim this Listing
For Sale
$320,000

SINGLE_FAMILY - Colstrip, MT

Type:Office
Property size:
2,500 SF
Lot size:
0.23 Acres
Price / SF:
$128/SF
Added:
Jun 3, 2026
Days on Market:
42
Last Refresh:
Jul 14 at 9:06 am

Property Features for 420 Water Avenue

General Information

Property type
Residential
Property subtype
Office
Standard status
Active
APN
1322
Size
2,500 SF
Lot size
0.23 Acres

Taxes and HOA fees

Tax Description
COLSTRIP, S34, T02 N, R41 E, BLOCK 030, LOT 02A, 51745
Tax Annual Amount
2127

Utilities

Sewer type
Public Sewer
Heating system
Electric (Heating), Propane (Heating), Forced Air
Cooling system
Central Air
Water source
Public

Building Details

Year built
1988
Floors in Building
1
Building materials
MetalSiding, Steel
Roof type
Metal

Listing agent Patti Baisch License #RRE-RBS-LIC-109264

Listing office Keller Williams Yellowstone Properties 80 25th St. W Ste. 1, Billings, MT

Listing date Jun 3, 2026

MLS# 352997

Copyright © 2026 Billings Association of Realtors. 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.

This property is a single-family residence currently configured with multiple rooms, each individually rented out to traveling workers. It includes a full kitchen and a bathroom, and the home has been updated with new flooring. The sale is being offered as-is, and the existing propane tank is leased. The front yard also features underground sprinklers.

Located at 420 Water Avenue in Colstrip, Montana, the home sits on a 0.23-acre lot. While it is operating successfully as a rental setup, the property’s layout also supports a broader range of potential uses depending on how an owner wants to operate the space.

For buyers seeking steady, hands-on income, the current room-by-room rental arrangement offers a straightforward operating model. For owner-operators or investors looking to reposition the property, the combination of updated interior finishes and its flexible room layout may appeal to a variety of business concepts such as a small office, a daycare setting, or a retail-style use—subject to applicable requirements. With the propane tank already in place under lease and the home sold as-is, it’s well-suited for buyers ready to bring their plans to execution.

Key Highlights

  • 1988‑built property with metal siding/steel construction and a metal roof
  • Central air conditioning with forced‑air heating plus electric and propane heating
  • Public water and public sewer connection

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office Units

FAQs

What type of property is this?
Office units - Individually rented rooms provide income potential with a home updated with new flooring and a full kitchen and bath.
Where is this office units located?
The property is located at 420 Water Avenue Colstrip, MT.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 1988‑built property with metal siding/steel construction and a metal roof; Central air conditioning with forced‑air heating plus electric and propane heating; Public water and public sewer connection
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