R-4 Multi-Family Development
For Sale
$999,000
1242 Thomas Drive, Bozeman, MT 59718
Residential R-4 lot in Bozeman with an expired, previously approved 20-unit condo design ready to resubmit.
Property Size1,864 SF
Lot Size0.91 Acres
Price / SF$535.94
Days on Market52
Property Features for 1242 Thomas Drive
General Information
Standard status
Active
Size
1,864 SF
Lot size
0.91 Acres
Property subtype
Land
Zoning
R4 - Residential High Density
Additional Details
Multifamily Units
20
Building Details
Building Size
1,864 SF
Year Built
1976
Listing Agency:
Bozeman Real Estate Group
(406) 579-0839
Listed By:
Jim Applebee · License #BRO-12229
Source:
Purewestrealestate
Added: Jun 20
Changed: Aug 8
Last Checked: Aug 8 at 7:59AM
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 Bozeman Real Estate Group
Investment Insights
Based on property information with market context.
This is a blank-slate residential development lot totaling 0.91 acres, zoned R-4 in the city of Bozeman. The property is suitable for multi-family and condo or apartment-style development. The seller previously had a fully approved design for a 20-unit condo building, which has since expired, but the design package is available to be resubmitted, with the plans expected to transfer to the buyer at closing.
The lot is positioned near everyday amenities, with proximity to dining and shopping, as well as large employers in the Bozeman area. Additional information and the available plans can be provided upon request.
For builders and developers looking to move efficiently from entitlement to design updates, the transferred 20-unit condo plans can help streamline the next steps. This property offers the starting point of an R-4 zoned parcel and an existing approved concept that can be carried forward, reducing the need to start design and approval work entirely from scratch.
The lot is positioned near everyday amenities, with proximity to dining and shopping, as well as large employers in the Bozeman area. Additional information and the available plans can be provided upon request.
For builders and developers looking to move efficiently from entitlement to design updates, the transferred 20-unit condo plans can help streamline the next steps. This property offers the starting point of an R-4 zoned parcel and an existing approved concept that can be carried forward, reducing the need to start design and approval work entirely from scratch.
Key Highlights
- .91‑acre lot in Bozeman with R‑4 zoning for a multi‑family, condo, or apartment project
- Includes previously fully approved design for a 20‑unit condo building that is now expired
- Expired design plans may be resubmitted; plans are intended to be transferred to the buyer at closing
Property Analytics
Property Profile
Current Use
Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Residential R-4 lot in Bozeman with an expired, previously approved 20-unit condo design ready to resubmit.
Where is this residential land & home lot located?
The property is located at 1242 Thomas Drive Bozeman, MT.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: .91‑acre lot in Bozeman with R‑4 zoning for a multi‑family, condo, or apartment project; Includes previously fully approved design for a 20‑unit condo building that is now expired; Expired design plans may be resubmitted; plans are intended to be transferred to the buyer at closing
