Up-and-Down Duplex
For Sale
$205,000
207 Crystal, Butte, MT 59701
Classic duplex with upper 2-bedroom and lower 1-bedroom units, each with a private enclosed back porch.
Property Size1,490 SF
Price / SF$137.58
Days on Market25
Property Features for 207 Crystal
General Information
Standard status
Active
Size
1,490 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,500
Amenities
Garage Spaces: 0
Style: Victorian
Victorian
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
Century 21 Shea Realty - Butte
(406) 490-7432
Listed By:
Gary W Shea · License #10976
Source:
Clearwaterproperties
Added: Jul 17
Changed: Aug 9
Last Checked: Aug 10 at 7:04AM
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 Shea Realty - Butte
Investment Insights
Based on property information with market context.
This up-and-down duplex offers two separate residential units. The upper unit has 2 bedrooms, while the lower unit has 1 bedroom, and both feature generously sized living rooms. Each unit also includes a private enclosed back porch, providing additional enclosed outdoor space for storage or everyday use.
The property is located in Uptown Butte, just steps from St. James and within minutes of Montana Tech University.
With two independently configured units and enclosed back porches for both residents, the duplex is suited to either an owner-occupant setup or an investment strategy where one unit can support income while the other is occupied.
The property is located in Uptown Butte, just steps from St. James and within minutes of Montana Tech University.
With two independently configured units and enclosed back porches for both residents, the duplex is suited to either an owner-occupant setup or an investment strategy where one unit can support income while the other is occupied.
Key Highlights
- Classic Victorian duplex built in 1900 with an upper 2‑bedroom unit and a lower 1‑bedroom unit
- Each unit offers a private enclosed back porch for extra storage or relaxing space
- Generously sized living rooms in both the upper and lower units
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
$9,931
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
4.84%
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%
$198,620
$198.6K
Cap Rate 7%
$141,871
$141.9K
Cap Rate 9%
$110,344
$110.3K
Market Conditions
NOI Build-Up for 1,490 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
$15.2K $10.20/SF
− Vacancy
−$1.0K −$0.68/SF
EGI
$14.2K $9.52/SF
− OpEx
−$4.3K −$2.86/SF
NOI
$9.9K $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%
$198,620
Cap Rate 7%
$141,871
Cap Rate 9%
$110,344
Alternative Uses
Best Use
Multifamily LT 5
$141.9K
$124.1K – $165.5K
NOI $9,931 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$130.7K
$114.3K – $152.4K
NOI $9,146 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$324.7K
$284.1K – $378.9K
NOI $22,731 @ 7.0% cap · market cap 11.09%
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
1,377
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 - Classic duplex with upper 2-bedroom and lower 1-bedroom units, each with a private enclosed back porch.
Where is this duplex located?
The property is located at 207 Crystal Butte, MT.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Classic Victorian duplex built in 1900 with an upper 2‑bedroom unit and a lower 1‑bedroom unit; Each unit offers a private enclosed back porch for extra storage or relaxing space; Generously sized living rooms in both the upper and lower units
