Remodeled Duplex with Detached
For Sale
Contact for pricing
1236 Phoenix Avenue, Helena, MT 59601
Vacant remodeled upper unit and tenant-occupied lower unit, both serviced by a shared laundry area and dedicated garage for the upper.
Property Size1,783 SF
Price / SF$246.72
Days on Market105
Property Features for 1236 Phoenix Avenue
General Information
Standard status
Active
Size
1,783 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
2
Amenities
shared laundry area
detached garage
Building Details
Year Built
1934
Tenancy
Multi
Listing Agency:
Century 21 Heritage Realty - Helena
(406) 459-9232
Listed By:
Ashley Rispens · License #RRE-RBS-LIC-118623
Source:
Crexi
Added: Apr 18
Changed: Jul 22
Last Checked: Jul 25 at 6:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Heritage Realty - Helena
Investment Insights
Based on property information with market context.
This duplex offers two separate residential units with distinct layouts and current updates. The upper-level unit is vacant and fully remodeled, featuring 2 bedrooms and 1 bathroom along with new appliances, paint, light fixtures, flooring, countertops, and a new sink. A cozy loft provides flexible additional space, and the detached garage is designated for the upper unit for convenient parking and storage.
The lower-level unit is tenant-occupied and includes 1 bedroom and 1 bathroom. It was repainted within the past three years and comes with a refrigerator and range. A shared laundry area is located in the lower-level hallway and includes washer and dryer hookups.
The property combines remodeled finishes in one unit with ongoing tenancy in the other, making it suitable for buyers seeking either owner-occupancy with an updated unit or rental income from the current occupancy.
The lower-level unit is tenant-occupied and includes 1 bedroom and 1 bathroom. It was repainted within the past three years and comes with a refrigerator and range. A shared laundry area is located in the lower-level hallway and includes washer and dryer hookups.
The property combines remodeled finishes in one unit with ongoing tenancy in the other, making it suitable for buyers seeking either owner-occupancy with an updated unit or rental income from the current occupancy.
Key Highlights
- 1934 duplex with one vacant upper unit and one tenant‑occupied lower unit
- Upper unit: 2 bed / 1 bath, fully remodeled with new appliances, paint, light fixtures, flooring, countertops, and sink
- Upper unit features a cozy loft for flexible space such as an office, playroom, or extra living area
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 | $24.6k | $13.80 |
| − Vacancy | −$1.6k | −$0.90 |
| EGI | $23.0k | $12.90 |
| − OpEx | −$6.9k | −$3.87 |
| NOI | $16.1k | $9.03 |
1,783 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$230.1K
$201.3K – $268.4K
NOI $16,104 @ 7.0% cap · market cap 3.66%
Second Best
Apartment 5plus
$215.6K
$188.7K – $251.5K
NOI $15,092 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$387.3K
$338.9K – $451.9K
NOI $27,113 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
801
Businesses Nearby
Explore this area
Business Placement
Demographics for 59601, MT
30,848
Population
15,937
Households
1.9
Avg Household Size
41
Median Age
51%
College-Educated
96%
High-School Grad
130.2 sq mi
ZIP Area
237
Density / Sq Mi
$70,502
Median Household Income
$44,000
Median Earnings
$1,023
Median Rent
$355,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant remodeled upper unit and tenant-occupied lower unit, both serviced by a shared laundry area and dedicated garage for the upper.
Where is this duplex located?
The property is located at 1236 Phoenix Avenue Helena, MT.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: 1934 duplex with one vacant upper unit and one tenant‑occupied lower unit; Upper unit: 2 bed / 1 bath, fully remodeled with new appliances, paint, light fixtures, flooring, countertops, and sink; Upper unit features a cozy loft for flexible space such as an office, playroom, or extra living area
