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Two-Residence Multifamily Property
For Sale
$1,250,000

1203 Duncan Road, Belgrade, MT 59718

ResidentialIncome, Belgrade, MT

Property SizeContact for details
Lot Size10.20 Acres
Days on Market21

Property Features for 1203 Duncan Road

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description None/Unknown
Rooms Basement
Parking features Open
Patio and Porch features Deck, Porch
Interior features WindowTreatments
Exterior features GravelDriveway
Fencing Fenced
Appliances Dishwasher, Disposal, Microwave, Range, Refrigerator, Dryer, Washer
Lot features Lawn
View Valley, Mountains
Directions I-90 West to Airport Drive, turn N and go to Service Drive past airport, then becomes Dry Creek Rd. About 5 miles out, turn right on Theisen, then left on Duncan, right at driveway, veer L to homes.
Subdivision 3N - Belgrade Area N of I90
Standard status Active
APN REF14988
Lot size 10.20 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description S01, T01 N, R04 E, C.O.S. 471E, PARCEL 8-A, ACRES 10.209
Tax Annual Amount 3858
Legal Description S01, T01 N, R04 E, C.O.S. 471E, PARCEL 8-A, ACRES 10.209

Utilities

Sewer type Septic Tank
Heating system Baseboard, Electric (Heating)
Water source Well
Water front 1

Building Details

Year built 1987
Floors in Building 1
Number of units 2
Flooring type Carpet, Laminate
Building materials Hardboard, VinylSiding
Roof type Metal
Architectural style Other
Listing Agency: Bozeman Brokers
Listed By: Debbie Jamieson · License #BRO-12860
Added: Jul 31 Changed: Aug 20 Last Checked: Aug 20 at 8:06PM
MLS# 413714

Copyright © 2026 Big Sky Country MLS. 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 multifamily property includes two residences on 10.20 acres. The primary home contains 2,478 square feet, with three bedrooms, 1.5 baths, a family room, laundry area, and full walkout basement. The second residence is a 1,026-square-foot manufactured home on a permanent foundation, with two bedrooms, one bath, and an attached two-car garage. Both homes have decks, and metal roofs were installed on the homes and shop within the last six years.

Located north of Belgrade, the property is approximately 15 minutes from the airport and includes Gallatin Valley views. There is no zoning or covenants. Additional features include partial horse fencing, a small barn, livestock-watering pumps, a seasonal ditch along the front, a private well, septic service, and a gravel driveway. Both residences are currently rented, with tenants interested in remaining.

Key Highlights

  • Two residences on 10.20 acres north of Belgrade
  • Primary home measures 2,478 sq. ft. with 3 bedrooms, 1.5 baths, family room, laundry, and walkout basement
  • 1,026 sq. ft. manufactured home on a permanent foundation with 2 bedrooms, 1 bath, and attached 2‑car garage

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Auto Repair Shop Garden Center Electronics & Wireless Store Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

8
Businesses Nearby

Demographics for 59718, MT

43,831
Population
19,765
Households
2.2
Avg Household Size
33
Median Age
57%
College-Educated
97%
High-School Grad
164.5 sq mi
ZIP Area
266
Density / Sq Mi
$91,852
Median Household Income
$44,915
Median Earnings
$1,748
Median Rent
$579,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Two occupied residences offer flexible income-property, owner-occupant, guest-housing, or family-living arrangements.
Where is this multifamily property located?
The property is located at 1203 Duncan Road Belgrade, MT.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two residences on 10.20 acres north of Belgrade; Primary home measures 2,478 sq. ft. with 3 bedrooms, 1.5 baths, family room, laundry, and walkout basement; 1,026 sq. ft. manufactured home on a permanent foundation with 2 bedrooms, 1 bath, and attached 2‑car garage
More about this property
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