Two-Unit Rental
1320 3rd, Great Falls, MT 59405
For Sale
New
$165,000
Both residences are currently rented, with a two-bedroom layout in one unit and a one-bedroom layout in the other.
Property Size1,330 SF
Price / SF$124.06
Days on Market2
Property Features for 1320 3rd
General Information
Standard status
Size
Property subtype
Occupancy
Property Condition
Severity
Evidence
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Garage: Additional Parking,Alley Access,On Street
Garage Spaces: 0
Style: Ranch
Ranch
Additional Parking,Alley Access,On Street
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Dustin Young and Company
Listed By:
Sharon Virgin · License MT #10297
(406) 868-2014
Source:
Clearwaterproperties
Added: Nov 12
Last Checked: Nov 12 at 2:30PM
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 Dustin Young and Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,330-square-foot duplex, built in 1942, contains two rented residences: one with 2 bedrooms and 2 bathrooms, and another with 1 bedroom and 1 bathroom. The property requires repairs, offering a clear picture of its current condition.
Parking options include additional parking and on-street spaces, with alley access also available.
Parking options include additional parking and on-street spaces, with alley access also available.
Key Highlights
- Two residences: one is 2 bedrooms and 2 bathrooms; the other is 1 bedroom and 1 bathroom
- Both units are currently rented
- 1,330 SF duplex built in 1942
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,238
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$224,760
$224.8K
Cap Rate 7%
$160,543
$160.5K
Cap Rate 9%
$124,867
$124.9K
Market Conditions
NOI Build-Up for 1,330 SF
Gross rent
$16.8K $12.60/SF
− Vacancy
−$704 −$0.53/SF
EGI
$16.1K $12.07/SF
− OpEx
−$4.8K −$3.62/SF
NOI
$11.2K $8.45/SF
Area
Cascade County, MT
Vacancy
4.20%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$224,760
Cap Rate 7%
$160,543
Cap Rate 9%
$124,867
Alternative Uses
Best Use
Multifamily LT 5
$160.5K
$140.5K – $187.3K
NOI $11,238 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$145.3K
$127.1K – $169.5K
NOI $10,171 @ 7.0% cap · market cap 6.16%
Theoretical Best
Specialty Retail
$258.8K
$226.5K – $302.0K
NOI $18,118 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
448
Businesses Nearby
Explore this area
Business Placement
Demographics for 59405, MT
33,578
Population
15,260
Households
2.2
Avg Household Size
35
Median Age
29%
College-Educated
94%
High-School Grad
479.4 sq mi
ZIP Area
70
Density / Sq Mi
$60,509
Median Household Income
$37,431
Median Earnings
$947
Median Rent
$236,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are currently rented, with a two-bedroom layout in one unit and a one-bedroom layout in the other.
Where is this duplex located?
The property is located at 1320 3rd Great Falls, MT.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Two residences: one is 2 bedrooms and 2 bathrooms; the other is 1 bedroom and 1 bathroom; Both units are currently rented; 1,330 SF duplex built in 1942
