Duplex with Two Rental
For Sale
$299,900
925 W Woolman Street, Butte, MT 59701
Duplex offering a 3-bedroom upper unit and a 1-bedroom lower unit with an attached garage and off-street parking.
Property Size2,545 SF
Days on Market48
Property Features for 925 W Woolman Street
General Information
Standard status
Active
Size
2,545 SF
Property subtype
Residential Income
Zoning
R2
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,368
Amenities
Forced Air, Floor Furnace
Dishwasher, Range, Refrigerator
See Remarks
Other
Building Details
Building Size
2,545 SF
Year Built
1905
Tenancy
Multi
Listing Agency:
Engel & Volkers Gainesville
Listed By:
Heather Choquette · License #RRE-RBS-LIC-79565
(406) 490-8169
Source:
Evrealestate
Added: Jul 20
Changed: Sep 2
Last Checked: Sep 5 at 3:53AM
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 Engel & Volkers Gainesville
Investment Insights
Based on property information with market context.
This duplex provides two separate residential units with practical, rental-friendly layouts. The upper unit features more than 1,400 square feet of living space with three oversized bedrooms, one bathroom, a welcoming front porch, and off-street parking. The lower unit has one bedroom, one bathroom, and an attached garage, and is described as recently remodeled.
Located in Uptown Butte, the property is just blocks from Montana Tech, St. James Hospital, and Uptown Butte’s restaurants, shopping, and entertainment.
For investors and owner-occupants, the configuration allows one unit to be occupied while the other can be rented, supported by the duplex’s two distinct unit setups and dedicated parking/garage components.
Located in Uptown Butte, the property is just blocks from Montana Tech, St. James Hospital, and Uptown Butte’s restaurants, shopping, and entertainment.
For investors and owner-occupants, the configuration allows one unit to be occupied while the other can be rented, supported by the duplex’s two distinct unit setups and dedicated parking/garage components.
Key Highlights
- Duplex in Uptown Butte with a 3‑bedroom upper unit and a 1‑bedroom lower unit
- Upper unit offers over 1,400 sq ft, 3 oversized bedrooms, 1 bathroom, and a front porch
- Lower unit has 1 bedroom, 1 bathroom, and an attached garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,963
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$339,260
$339.3K
Cap Rate 7%
$242,329
$242.3K
Cap Rate 9%
$188,478
$188.5K
Market Conditions
NOI Build-Up for 2,545 SF
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.
Gross rent
$26.0K $10.20/SF
− Vacancy
−$1.7K −$0.68/SF
EGI
$24.2K $9.52/SF
− OpEx
−$7.3K −$2.86/SF
NOI
$17.0K $6.67/SF
Area
Silver Bow County, MT
Vacancy
6.65%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$339,260
Cap Rate 7%
$242,329
Cap Rate 9%
$188,478
Alternative Uses
Best Use
Multifamily LT 5
$242.3K
$212.0K – $282.7K
NOI $16,963 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$223.2K
$195.3K – $260.4K
NOI $15,621 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$554.7K
$485.3K – $647.1K
NOI $38,826 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
576
Businesses Nearby
Explore this area
Business Placement
Demographics for 59701, MT
33,937
Population
16,834
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
94%
High-School Grad
509.7 sq mi
ZIP Area
67
Density / Sq Mi
$56,799
Median Household Income
$34,793
Median Earnings
$811
Median Rent
$219,200
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 - Duplex offering a 3-bedroom upper unit and a 1-bedroom lower unit with an attached garage and off-street parking.
Where is this duplex located?
The property is located at 925 W Woolman Street Butte, MT.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Duplex in Uptown Butte with a 3‑bedroom upper unit and a 1‑bedroom lower unit; Upper unit offers over 1,400 sq ft, 3 oversized bedrooms, 1 bathroom, and a front porch; Lower unit has 1 bedroom, 1 bathroom, and an attached garage
