Renovated 5-Plex Income
117 E Church Street Absarokee, MT 59001
New
For Sale
$788,500
MULTI_FAMILY - Absarokee, MT
Property Size6,240 SF
Lot Size0.27 Acres
Price / SF$126.36
Days on Market3
Property Features for 117 E Church Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 9
- Exterior features
- Fence
- Fencing
- Fenced
- Standard status
- Active
- APN
- 0200567
- Size
- 6,240 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Description
- HILLSIDE CONDOMINIUM S01, T04 S, R18 E, CONDO MASTER IN LOT9A OF COS 210959
- Tax Annual Amount
- 9127
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Baseboard
- Cooling system
- Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1986
- Number of units
- 1
Listing Agency:
Two Rivers Realty Team
(406) 328-4289
Listed By:
Penny Pitts · License #RRE-RBS-LIC-119482
(406) 290-4150
Added: Jul 24
Last Checked: Jul 26 at 1:06PM
MLS# 360850
Copyright © 2026 Billings Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Renovated 5-plex offering a light-and-bright layout with updated appliances and interior improvements including fresh vinyl flooring, new carpet, and paint. The building includes one 5-bedroom, three-bath unit; one 3-bedroom, two-bath unit; one 2-bedroom, two-bath unit; and two 2-bedroom, one-bath units. Each unit is provided with its own garage and backyard area.
The property is located at 117 E Church Street in Absarokee, Montana, in Stillwater County.
The seller is offering financing options, including seller financing available with 25% down, and the exchange agent is related to the seller.
The property is located at 117 E Church Street in Absarokee, Montana, in Stillwater County.
The seller is offering financing options, including seller financing available with 25% down, and the exchange agent is related to the seller.
Key Highlights
- Newly renovated 5‑plex built in 1986 with fence and fenced outdoor areas
- Unit mix: one 5 bed/3 bath; one 3 bed/2 bath; one 2 bed/2 bath; two 2 bed/1 bath units
- Each unit includes its own garage and backyard area
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Newly renovated 5-plex with updated appliances, flooring, paint, and unit garages plus private backyard areas.
Where is this apartment building located?
The property is located at 117 E Church Street 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 fence and fenced outdoor areas; Unit mix: one 5 bed/3 bath; one 3 bed/2 bath; one 2 bed/2 bath; two 2 bed/1 bath units; Each unit includes its own garage and backyard area
