Multifamily Quadplex with In-Unit
117 Tyler Way Lolo, MT 59847
For Sale
$900,000
Well-maintained quadplex built in 1994 with in-unit washer and dryer for each residence.
Property Size3,850 SF
Lot Size0.27 Acres
Price / SF$233.77
Days on Market24
Property Features for 117 Tyler Way
General Information
- Standard status
- Active
- Size
- 3,850 SF
- Lot size
- 0.27 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1994
Listing Agency:
eXp Realty LLC - Missoula
(406) 240-8715
Listed By:
Christopher Allan Ireland · License #RRE-RBS-LIC-53636
(406) 240-8715
Source:
Missionvalleyproperties
Added: Jul 1
Changed: Jul 23
Last Checked: Jul 24 at 5:59PM
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 eXp Realty LLC - Missoula
Investment Insights
Based on property information with market context.
This for-sale quadplex at 117 Tyler Way in Lolo, Montana, was built in 1994 and offers flexible, income-producing living space of nearly 3,850 square feet on a 0.27-acre lot. The property features multiple units, and each unit is equipped with its own washer and dryer.
Recent improvements include numerous interior and exterior upgrades completed within the last four years, helping maintain a well-kept appearance and functional day-to-day usability. The lot also includes a generously sized back area that may support future expansion, additional units, or small-business use, depending on the buyer’s goals.
With a convenient and central setting and easy access to Missoula, local services, and year-round recreation, this property is positioned for straightforward rental use while also allowing room to adapt over time.
Recent improvements include numerous interior and exterior upgrades completed within the last four years, helping maintain a well-kept appearance and functional day-to-day usability. The lot also includes a generously sized back area that may support future expansion, additional units, or small-business use, depending on the buyer’s goals.
With a convenient and central setting and easy access to Missoula, local services, and year-round recreation, this property is positioned for straightforward rental use while also allowing room to adapt over time.
Key Highlights
- Quadplex built in 1994 by locally owned and Montana‑operated Ireland Contracting
- Nearly 3,850 sq ft +/- of flexible multi‑family living space
- 0.27 +/- acre lot with a generously sized back area for potential expansion or additional units
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 | $81.3k | $21.12 |
| − Vacancy | −$6.6k | −$1.71 |
| EGI | $74.7k | $19.41 |
| − OpEx | −$33.6k | −$8.73 |
| NOI | $41.1k | $10.68 |
3,850 SF · lease $21.12/SF/yr · vacancy 8.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$587.1K
$513.7K – $685.0K
NOI $41,099 @ 7.0% cap · market cap 4.57%
Second Best
Multifamily LT 5
$550.4K
$481.6K – $642.1K
NOI $38,525 @ 7.0% cap · market cap 4.28%
Theoretical Best
Specialty Retail
$1.11M
$971.3K – $1.30M
NOI $77,703 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Well-maintained quadplex built in 1994 with in-unit washer and dryer for each residence.
Where is this quadplex located?
The property is located at 117 Tyler Way Lolo, MT.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Quadplex built in 1994 by locally owned and Montana‑operated Ireland Contracting; Nearly 3,850 sq ft +/- of flexible multi‑family living space; 0.27 +/- acre lot with a generously sized back area for potential expansion or additional units
