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    919 Mineral Ave, Unit Libby Libby, MT 59923

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    For Sale
    $1,700,000

    Apartment complex with renovation potential in a prime downtown location.

    Property size:
    5 SF

    Property Features for 919 Mineral Ave

    General Information

    Size
    5 SF

    Building Details

    Year built
    1946

    Source: PureWest Real Estate Agent PureWest Real Estate

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

    Overview

    Downtown Apartment Complex with Potential

    This apartment complex, previously operated as a motel, presents an investment opportunity with potential for upgrades and renovations. Located downtown, it offers convenient access to parks and local attractions. The property includes a manager's quarters, suitable for on-site management or generating additional rental income. The units feature spacious layouts that can be modernized. Repairs and renovations can enhance the property's value and appeal. The property is a blank canvas, ready for a new vision. The unfinished basements in both buildings offer additional potential for rentable space. The cap rate is 4%.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Granite Studios Motel Evergreen Extension Motel The Royal Wolf Lodge Lodge The Janitorial & Construction Cleaning ... Cleaning Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Libby
    County
    Lincoln
    State
    Montana
    Longitude
    -115.5553464
    Latitude
    48.387386

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    FAQs

    What type of property is this?
    Apartment building - Apartment complex with renovation potential in a prime downtown location.
    Where is this apartment building located?
    The property is located at 919 Mineral Ave, Unit Libby Libby, MT.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: - Prime downtown location with easy access to parks and local attractions.; - Unique apartment complex (formerly a motel) with immense potential for upgrades and renovations.; - Manager’s quarters on-site for on-site management or additional rental income.
    (406) 885-6987
    Request Owner's contact information
    919 Mineral Ave, Unit Libby Libby, MT 59923
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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
    919 Mineral Ave, Unit Libby Libby, MT 59923
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