Four-Unit Rental
For Sale
$375,000
12 14 16 18 Montana Avenue, Absarokee, MT 59001
Residential, Absarokee, MT
Property Size2,640 SF
Lot Size0.43 Acres
Price / SF$142.05
Days on Market106
Property Features for 12 14 16 18 Montana Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
RMF - Residential Multi-Family
Bedrooms
7
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 6, Bedroom 1, Bathroom 4, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 7, Bedroom 5, Bathroom 5, Bathroom 3, Bedroom 3, Bathroom 2
Parking
8
Exterior features
Fence, IrrigationSprinklers
Fencing
Fenced
Subdivision
Absarokee Original Townsite
Lot features
Level
Elementary school
Absarokee
Middle school
Absarokee
High school
Absarokee
Directions
As you enter Absarokee from Columbus turn LEFT on Montana Ave at the Yellowstone Bank sign. Look for Heavenly Homes sign just across from the post office and water department.
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
Legal Description
ABSAROKEE ORIGINAL TOWNSITE, S01, T04 S, R18 E, BLOCK 1, LT 26 & 27, & S 33 2/3' LT 28
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
Metal, Asphalt, Shingle
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 18
Changed: Oct 21
Last Checked: Oct 31 at 1:06PM
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.
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Investment Insights
Based on property information with market context.
This four-unit property at 12, 14, 16, and 18 Montana Avenue includes two houses, a cottage, and a mobile home. The buildings total 2,640 square feet on 0.43 acres. The unit mix comprises a 336-square-foot, one-bedroom cottage built in 1943; a two-bedroom, one-bathroom house built in 1942; a one-bedroom cabin completed in 2020; and a three-bedroom, two-bathroom mobile home. The cottage and cabin are used for short-term stays, while the house and mobile home have long-term rental use.
The property is in Absarokee, with the Stillwater River, Absarokee Beartooth Wilderness, Red Lodge Ski Resort, and Stillwater Mine identified nearby. The short-term rental units may be offered furnished.
The property is in Absarokee, with the Stillwater River, Absarokee Beartooth Wilderness, Red Lodge Ski Resort, and Stillwater Mine identified nearby. The short-term rental units may be offered furnished.
Key Highlights
- Four dwellings totaling 2,640 square feet on 0.43 acres
- Unit mix includes two houses, a cottage, and a mobile home
- Short‑term rental cottage: 1 bedroom, 336 square feet, built in 1943; 4.88‑star rating and 336 reviews
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,100
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,000
$482.0K
Cap Rate 7%
$344,286
$344.3K
Cap Rate 9%
$267,778
$267.8K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$36.4K $13.80/SF
− Vacancy
−$2.0K −$0.76/SF
EGI
$34.4K $13.04/SF
− OpEx
−$10.3K −$3.91/SF
NOI
$24.1K $9.13/SF
Area
Stillwater County, MT
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,000
Cap Rate 7%
$344,286
Cap Rate 9%
$267,778
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 authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
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Business Placement
Demographics for 59001, MT
1,392
Population
807
Households
1.7
Avg Household Size
51
Median Age
34%
College-Educated
95%
High-School Grad
142.8 sq mi
ZIP Area
10
Density / Sq Mi
$75,938
Median Household Income
$33,200
Median Earnings
$1,011
Median Rent
$312,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four separate dwellings combine short-term accommodations with long-term residential rentals on a 0.43-acre parcel.
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: Four dwellings totaling 2,640 square feet on 0.43 acres; Unit mix includes two houses, a cottage, and a mobile home; Short‑term rental cottage: 1 bedroom, 336 square feet, built in 1943; 4.88‑star rating and 336 reviews
