Four-Unit Residential Income
12 14 16 18 Montana Avenue Absarokee, MT 59001
12 14 16 18 Montana Avenue, Absarokee, MT, 59001
$375,000
For Sale
$375,000
MANUFACTURED - Bungalow - Absarokee, MT
Property Size2,640 SF
Lot Size0.43 Acres
Price / SF$142.05
Days on Market11
Property Features for 12 14 16 18 Montana Avenue
General Information
- Property type
- Residential
- Property subtype
- Quadruplex
- Bedrooms
- 7
- Rooms
- Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 7, Bathroom 4, Bedroom 3, Bathroom 5, Bedroom 5
- Parking
- 8
- Exterior features
- Fence, SprinklerIrrigation
- Fencing
- Fenced
- Standard status
- Active
- APN
- 0200158
- Size
- 2,640 SF
- Lot size
- 0.43 Acres
Taxes and HOA fees
- Tax Description
- ABSAROKEE ORIGINAL TOWNSITE, S01, T04 S, R18 E, BLOCK 1, LT 26 & 27, & S 33 2/3' LT 28
- Tax Annual Amount
- 4317
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Window Unit(s)
- Water source
- Public, Well
Building Details
- Year built
- 1942
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Stucco, WoodSiding
- Roof type
- Asphalt, Shingle, Metal
- Architectural style
- Bungalow
Listing agency
Heavenly Homes, Inc.
(406) 656-4774
Listed by
Jacque Lorang · License #RRE-BRO-LIC-16393
(406) 690-5277
Added: Jul 11 Updated: Jul 18 at 9:19AM Checked: Jul 21 at 10:06AM
MLS# 360557
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.
This offering is a four-unit residential income property located at 12, 14, 16, and 18 Montana Avenue, featuring a combination of short-term and long-term rentals. The mix includes a 1BR Airbnb cottage built in 1943, a 2BR/1BA house built in 1942 currently leased long-term at $540 per month, a 1BR Airbnb cabin built in 2020, and an additional 3BR/2BA mobile home leased long-term at $550 per month. The short-term units are supported by established Airbnb review history, with 4.88-star and 4.97-star ratings referenced in the listing.
Situated in Absarokee County, Montana, the property is positioned near the Stillwater River and the Absarokee Beartooth Wilderness, with access to area recreation and destinations including Red Lodge Ski Resort and Stillwater Mine, as noted in the listing remarks.
Situated in Absarokee County, Montana, the property is positioned near the Stillwater River and the Absarokee Beartooth Wilderness, with access to area recreation and destinations including Red Lodge Ski Resort and Stillwater Mine, as noted in the listing remarks.
Key Highlights
- 4‑unit income property on 0.43 acres in Absarokee with a mix of short‑term and long‑term rentals
- Rental mix includes (12) 1BR Airbnb cottage units (336 SF each, built 1943) and (16) 1BR Airbnb cabin (built 2020)
- (14) 2BR/1BA house built 1942 with LTR rent of $540/mo (1,104 SF)
Local Financial Insights For Multifamily LT 5
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 | $36.4k | $13.80 |
| − Vacancy | −$2.0k | −$0.76 |
| EGI | $34.4k | $13.04 |
| − OpEx | −$10.3k | −$3.91 |
| NOI | $24.1k | $9.13 |
2,640 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$344.3K
$301.3K – $401.7K
NOI $24,100 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$319.2K
$279.3K – $372.4K
NOI $22,346 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$576.0K
$504.0K – $672.0K
NOI $40,322 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four rental units in Absarokee, with a mix of Airbnb-style stays and long-term leases.
Where is this quadplex located?
The property is located at 12 14 16 18 Montana Avenue Absarokee, MT.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 4‑unit income property on 0.43 acres in Absarokee with a mix of short‑term and long‑term rentals; Rental mix includes (12) 1BR Airbnb cottage units (336 SF each, built 1943) and (16) 1BR Airbnb cabin (built 2020); (14) 2BR/1BA house built 1942 with LTR rent of $540/mo (1,104 SF)
