Renovated 5-Plex Income
New
For Sale
$788,500
117 E Church St, Absarokee, MT 59001
Newly renovated 5-plex with updated interior finishes and unit garages and yard areas.
Property Size6,240 SF
Price / SF$126.36
Days on Market6
Property Features for 117 E Church St
General Information
Standard status
Active
Size
6,240 SF
Property subtype
Multi-Family
Additional Details
Business Included
No
Multifamily Units
5
Amenities
garage
backyard area
Building Details
Year Built
1986
Tenancy
Multi
Listing Agency:
Two Rivers Realty Team
(406) 290-4150
Listed By:
Penny Pitts · License #RRE-RBS-LIC-119482
Source:
Shonnakeyteam
Added: Jul 27
Changed: Jul 28
Last Checked: Jul 31 at 9:08AM
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 Two Rivers Realty Team
Investment Insights
Based on property information with market context.
Newly renovated 5-plex for sale featuring updated appliances and interior improvements including fresh vinyl flooring, carpet, and paint. The property is configured with one 5-bedroom/3-bath unit, one 3-bedroom/2-bath unit, one 2-bedroom/2-bath unit, and two 2-bedroom/1-bath units.
Each unit includes its own garage and backyard area, providing dedicated outdoor and parking space for tenants.
Current unit mix supports strong rental performance as reflected in consistently high occupancy, and recent upgrades are intended to help keep operating expenses comparatively low. Seller financing may be available with 25% down, or the listing notes an option for an exchange with an agent related to the seller.
Each unit includes its own garage and backyard area, providing dedicated outdoor and parking space for tenants.
Current unit mix supports strong rental performance as reflected in consistently high occupancy, and recent upgrades are intended to help keep operating expenses comparatively low. Seller financing may be available with 25% down, or the listing notes an option for an exchange with an agent related to the seller.
Key Highlights
- Newly renovated 5‑plex built in 1986 with updated interior finishes throughout.
- Unit mix: one 5BD/3BA, one 3BD/2BA, one 2BD/2BA, and two 2BD/1BA units.
- Each unit includes its own garage and backyard area for tenant use.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $101.1k | $16.20 |
| − Vacancy | −$5.1k | −$0.81 |
| EGI | $96.0k | $15.39 |
| − OpEx | −$43.2k | −$6.93 |
| NOI | $52.8k | $8.46 |
6,240 SF · lease $16.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$754.5K
$660.2K – $880.3K
NOI $52,818 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,307 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
129
Businesses Nearby
Explore this area
Business Placement
Demographics for 59001, MT
1,392
Population
807
Households
1.7
Avg Household Size
51
Median Age
34%
College-Educated
95%
High-School Grad
142.8 sq mi
ZIP Area
10
Density / Sq Mi
$75,938
Median Household Income
$33,200
Median Earnings
$1,011
Median Rent
$312,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Newly renovated 5-plex with updated interior finishes and unit garages and yard areas.
Where is this apartment building located?
The property is located at 117 E Church St Absarokee, MT.
What is the asking price?
The asking price for this property is $788,500.
What are key features of this property?
This property features: Newly renovated 5‑plex built in 1986 with updated interior finishes throughout.; Unit mix: one 5BD/3BA, one 3BD/2BA, one 2BD/2BA, and two 2BD/1BA units.; Each unit includes its own garage and backyard area for tenant use.
