2388 Shorthorn Ave Helena, MT 59602
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.