Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    867 Longbow Lane Bozeman, MT 59718

    View on Map
    Pending
    $839,000

    MULTI_FAMILY - Bozeman, MT

    Lot size:
    0.20 Acres
    Added:
    Dec 8, 2025
    Days on Market:
    113
    Last Refresh:
    Mar 31 at 7:06 pm

    Property Features for 867 Longbow Lane

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Garage
    Patio and Porch features
    Patio, Porch
    Interior features
    Fireplace
    Exterior features
    Landscaping
    Fireplace
    1
    Appliances
    Dishwasher, Microwave, Range, Refrigerator, Dryer, Washer
    Standard status
    Pending
    APN
    RGG49820
    Lot size
    0.20 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    LAUREL GLEN SUB PH 1, S04, T02 S, R05 E, BLOCK 7, LOT 13, ACRES 0.197, PLAT J-374
    TaxAnnualAmount
    6124

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    2004
    Floors in Building
    2
    Number of units
    2

    We can help!

    Listing Contact
    Denise Andres
    Denise Andres

    Listing agent Denise Andres License #RBS-10423

    Listing office Berkshire Hathaway - Bozeman 2001 Stadium Drive, Bozeman, MT

    Listing date Dec 8, 2025

    MLS# 407455

    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.

    Overview

    Bozeman Duplex with Income Potential

    Located in Bozeman, Montana, the property at 867 Longbow Ln offers suburban comfort with convenient access to local amenities. This duplex features a practical floor plan with three bedrooms and 2.5 baths, making it suitable for roommates, small families, or commuting professionals. A nearby park provides a space for children or pets to play. The property is situated on a lot of 0.2 acres in Gallatin County. The duplex presents an opportunity to live on one side and rent out the other for additional income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Auto Repair Shop Gym & Fitness Center Kitchen & Bath Showroom Hotel & Motel Department Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bozeman
    County
    Gallatin
    State
    Montana
    Longitude
    -111.116384
    Latitude
    45.688684

    Nearby Similar for Sale

    • $550,000
      17,280 SF

      Established Archery Shop Opportunity

      Profitable archery shop with building for sale in Bozeman.
      77 Laura Louise, Bozeman, MT 59718
      View Details
    • $859,555
      2,671 SF

      Versatile Commercial Space with Flex Plan

      Mixed-use property with commercial space and flexible upper level.
      2605 Fremont Street, Bozeman, MT 59718
      View Details
    • $885,300
      2,751 SF

      Versatile Live Work Condo Complex

      New live/work condo with commercial and residential space.
      2603 Fremont Street, Bozeman, MT 59718
      View Details
    • $39,900

      Established Photography Business in Bozeman

      Turnkey photography business for sale in downtown Bozeman, Montana.
      111 S Grand unit: 219, Bozeman, MT 59715
      View Details
    • $2,300,000
      1,469 SF

      Bozeman Acreage with Water Features

      33+ acres near Bozeman with residential and land-use possibilities.
      3 Mallard Lane, Bozeman, MT 59718
      View Details
    • $849,000

      Versatile Bozeman Property Near MSU

      Spacious property near Montana State University with flexible living options.
      1302 S 3rd, Bozeman, MT 59715
      View Details
    • $849,000

      Bozeman Duplex Near MSU

      Versatile duplex near Montana State University with flexible living options.
      1302 S 3rd, Bozeman, MT 59715
      View Details
    • $1,739,000
      1,667 SF

      Productive Irrigated Land For Sale

      21+ acres with water rights, barns, sheds, and home.
      7543 Fowler Lane, Bozeman, MT 59718
      View Details
    • $895,000

      Retail Space in Valley West

      New commercial development with high exposure and neighborhood accessibility.
      TBD (Lot 2) N Cottonwood, Bozeman, MT 59718
      View Details
    • $2,695,000

      Bozeman Triplex: Historic Charm, Income

      Unique triplex in historic Bozeman, near Main Street and MSU.
      419 S 3rd Avenue, Bozeman, MT 59715
      View Details
    • $325,000
      1,290 SF

      Bozeman Corner Lot Residence

      Centrally located Bozeman residence with mature landscaping and seller financing.
      1120 Brentwood Avenue, Bozeman, MT 59718
      View Details
    • $1,300,000

      Updated Duplex in Bozeman

      Updated duplex in Bozeman, close to amenities and move-in ready.
      2839 Blackbird Drive, Bozeman, MT 59718
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex in Bozeman, suitable for various living arrangements.
    Where is this duplex located?
    The property is located at 867 Longbow Lane Bozeman, MT.
    What is the asking price?
    The asking price for this property is $839,000.
    What are key features of this property?
    This property features: Potential for rental income by living on one side and renting the other.; Convenient Bozeman location with easy access to local amenities.; Practical floor plan with 3 bedrooms and 2.5 baths.
    (406) 580-5065
    We can help!
    Listing Contact
    Denise Andres
    Denise Andres
    Real Estate License ID: RBS-10423
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!