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Property profile & analytics
OFF-MARKET
Commercial real estate

2388 Shorthorn Ave Helena, MT 59602

2.11 ac lot Built 2024
Property ID
Property summary
AI-generated overview

This exceptional 75-unit condominium development presents a lucrative investment opportunity in Helena, Montana. Currently featuring 12 completed, income-generating two-bedroom units, this project is fully entitled for an additional 63 units, all with in-unit laundry hookups. The attractive triplex layout of each unit ensures comfort and style, appealing to a wide range of tenants. Situated on a 2.11-acre lot at 2388 Shorthorn Avenue, the property benefits from a prime location near shopping, interstate access, and recreational amenities. The existing 12 units provide immediate cash flow while the remaining units are developed, maximizing return on investment. This turnkey project offers a unique chance to capitalize on the strong Helena real estate market and the high demand for quality rental housing. The development is fully permitted and ready for immediate expansion, offering a streamlined path to completion. The existing units are in new condition and recently placed on the rental market. This is a rare opportunity to acquire a substantial, high-potential multi-family development in a desirable location. The project's strategic location and well-designed units promise strong occupancy rates and consistent rental income. The existing infrastructure and fully approved plans minimize development risk and accelerate the path to profitability. This is an ideal investment for those seeking a high-yield, low-risk opportunity in the thriving Helena market. The asking price is $7,500,000.

Property profile
Verified
Property type Commercial real estate
Year built 2024
Lot 2.11 ac (91,912 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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