Renovated Duplex with
For Sale
Contact for pricing
Pending
1021 Leslie Avenue, Helena, MT 59601
Updated duplex with a separate-entry lower unit, fenced yard, and detached garage with additional upper-level space.
Property Size3,036 SF
Lot Size0.21 Acres
Days on Market198
Property Features for 1021 Leslie Avenue
General Information
Standard status
Pending
Size
3,036 SF
Total Parking Spaces
2
Lot size
0.21 Acres
Property subtype
Multifamily
Additional Details
Multifamily Units
2
Amenities
fireplace
hot tub
fenced backyard
Building Details
Year Built
1951
Buildings
1
Units
2
Listing Agency:
Ahmann Brothers Real Estate
Listed By:
Flannery Herbert · License #RRE-RBS-LIC-17209
(406) 431-2337
Source:
Crexi
Added: Apr 7
Changed: Oct 16
Last Checked: Oct 20 at 5:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ahmann Brothers Real Estate
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Investment Insights
Based on property information with market context.
This 3,036-square-foot duplex was built in 1951 and includes a renovated primary residence with four bedrooms, updated bathrooms, and a kitchen featuring granite countertops, a backsplash, crown molding, a bar, and a peninsula. A fireplace anchors the living room, while recently replaced windows, solid-surface flooring, and a separate-entry lower level add practical appeal. The lower level provides sleeping space, living space, a kitchen, and a renovated bathroom.
The 9,365-square-foot lot includes a fenced backyard with hedges, mature trees, and a hot tub. A detached two-car garage offers upper-level storage space that may also serve as a studio or workshop. The property is located at 1021 Leslie Avenue in Helena, Montana, with Mount Helena views.
The 9,365-square-foot lot includes a fenced backyard with hedges, mature trees, and a hot tub. A detached two-car garage offers upper-level storage space that may also serve as a studio or workshop. The property is located at 1021 Leslie Avenue in Helena, Montana, with Mount Helena views.
Key Highlights
- 3,036 SF duplex built in 1951
- Separate‑entry lower level with sleeping, living, kitchen, and renovated bath areas
- Primary residence includes four bedrooms and renovated bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,421
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$548,420
$548.4K
Cap Rate 7%
$391,729
$391.7K
Cap Rate 9%
$304,678
$304.7K
Market Conditions
NOI Build-Up for 3,036 SF
Gross rent
$41.9K $13.80/SF
− Vacancy
−$2.7K −$0.90/SF
EGI
$39.2K $12.90/SF
− OpEx
−$11.8K −$3.87/SF
NOI
$27.4K $9.03/SF
Area
Lewis and Clark County, MT
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$548,420
Cap Rate 7%
$391,729
Cap Rate 9%
$304,678
Alternative Uses
Best Use
Multifamily LT 5
$391.7K
$342.8K – $457.0K
NOI $27,421 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$367.1K
$321.2K – $428.3K
NOI $25,698 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$659.5K
$577.1K – $769.5K
NOI $46,167 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
363
Businesses Nearby
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Business Placement
Demographics for 59601, MT
30,848
Population
15,937
Households
1.9
Avg Household Size
41
Median Age
51%
College-Educated
96%
High-School Grad
130.2 sq mi
ZIP Area
237
Density / Sq Mi
$70,502
Median Household Income
$44,000
Median Earnings
$1,023
Median Rent
$355,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with a separate-entry lower unit, fenced yard, and detached garage with additional upper-level space.
Where is this duplex located?
The property is located at 1021 Leslie Avenue Helena, MT.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: 3,036 SF duplex built in 1951; Separate‑entry lower level with sleeping, living, kitchen, and renovated bath areas; Primary residence includes four bedrooms and renovated bathrooms
