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    701 N Montana Ave Miles City, MT 59301

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    For Sale
    $650,000

    Eleven-unit property with remodeled interiors and expansion possibilities.

    Property size:
    5,492 SF

    Property Features for 701 N Montana Ave

    General Information

    Size
    5,492 SF

    Source: Todd Sherman Agent Todd Sherman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multi-Family Property Near Downtown

    This 11-unit multi-family property is located close to downtown, providing access to amenities and public transportation. Several units have been remodeled with updated interiors. The property includes off-street parking and a shared laundry room in the basement for tenant convenience. Situated on a large lot, the property offers room to grow or develop further. The property size is 5492 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miles City
    County
    Custer
    State
    Montana
    Longitude
    -105.8436275
    Latitude
    46.4138317

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    FAQs

    What type of property is this?
    Apartment building - Eleven-unit property with remodeled interiors and expansion possibilities.
    Where is this apartment building located?
    The property is located at 701 N Montana Ave Miles City, MT.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Prime Location – Minutes from downtown, offering easy access to amenities and public transit.; - Attractive 6% Cap Rate – Strong current return with significant upside potential.; - High Value-Add Opportunity – Below-market rents present room for increased revenue with strategic improvements.
    (406) 570-8961
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    701 N Montana Ave Miles City, MT 59301
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    Miles City, MT 59301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    701 N Montana Ave Miles City, MT 59301
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