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Three-Building Apartment Property
For Sale
Contact for pricing
Pending

703-5 713 S Prairie Ave, Miles City, MT 59301

The property includes laundry facilities, rear off-street parking, newer roofs, and selected mechanical upgrades.

Property SizeContact for details
Days on Market142

Property Features for 703-5 713 S Prairie Ave

General Information

Standard status Pending
Property subtype Multifamily

Financials

Cap Rate 10.94%
Gross Income $75,000

Additional Details

Multifamily Units 11

Amenities

laundry facilities

Building Details

Buildings 3
Listing Agency: Hardesty & Associates Real Estate
Listed By: Dawn Leidholt · License #MT BRO13452
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 6:50AM

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 Hardesty & Associates Real Estate

Investment Insights

Based on property information with market context.

This multifamily property comprises three apartment buildings with 11 units, primarily two-bedroom apartments along with several one-bedroom units. Laundry facilities are located on the premises, and off-street parking is provided behind the buildings. The units have newer roofs, while two buildings received newer boilers. In unit 713, the GFA and CA systems were replaced within the past 5 years.

Utility responsibilities are divided by building: tenants pay their own electricity in 703 and 705, and all MDU in unit 713 is paid by the tenants. The property carries a 10.94% cap rate and includes a mix of apartment layouts within the compound.

Key Highlights

  • 11 apartments across three buildings, primarily two‑bedroom units with several one‑bedroom apartments
  • 10.94% cap rate
  • Laundry facilities located on the premises

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Bakery Grocery & Convenience Store Plumbing Service Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11
Residential units

Location Intelligence

Trade Area within ½ mile

483
Businesses Nearby

Demographics for 59301, MT

11,509
Population
5,567
Households
2.1
Avg Household Size
41
Median Age
30%
College-Educated
95%
High-School Grad
2,851.9 sq mi
ZIP Area
4
Density / Sq Mi
$63,643
Median Household Income
$36,161
Median Earnings
$918
Median Rent
$202,100
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - The property includes laundry facilities, rear off-street parking, newer roofs, and selected mechanical upgrades.
Where is this apartment building located?
The property is located at 703-5 713 S Prairie Ave Miles City, MT.
What are key features of this property?
This property features: 11 apartments across three buildings, primarily two‑bedroom units with several one‑bedroom apartments; 10.94% cap rate; Laundry facilities located on the premises
More about this property
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