Two-Home Duplex
1512 6th Avenue N, Great Falls, MT 59401
For Sale
$215,000
Under Contract
ResidentialIncome, Ranch, Great Falls, MT
Property Size2,230 SF
Lot Size0.17 Acres
Price / SF$96.41
Days on Market57
Property Features for 1512 6th Avenue N
General Information
Property type
Property subtype
Zoning description
Appliances
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Water source
Building Details
Year built
Floors in Building
Number of units
Roof type
Architectural style
Listing Agency:
Dahlquist Realtors
(406) 761-4081
Listed By:
Paula Brandon Fry · License MT RRE-BRO-LIC-25121
(406) 788-3430
Added: Sep 15
Changed: Nov 10
Last Checked: Nov 10 at 3:06AM
MLS# 30078400
Copyright © 2026 Montana Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This duplex property includes two separate residences on one lot. The front home, built in 1910, has 3 bedrooms and 1.5 bathrooms, with one main-level bedroom and two non-conforming basement bedrooms without egress windows. The basement also contains a laundry area, half bath, and mechanical room. The rear home was built in 1953 and offers 2 bedrooms, 1 bathroom, and a laundry area near the bath.
An oversized one-car garage includes a workbench for storage or workspace. The rear home and garage have updated metal roofs, while the rear residence features new exterior paint, new living room and main-level bedroom carpet, and new kitchen vinyl flooring. The property sits on a 0.172-acre lot with fencing that separates portions of the yard, individual garden areas, street parking, and off-alley parking. Public water and sewer serve the property.
An oversized one-car garage includes a workbench for storage or workspace. The rear home and garage have updated metal roofs, while the rear residence features new exterior paint, new living room and main-level bedroom carpet, and new kitchen vinyl flooring. The property sits on a 0.172-acre lot with fencing that separates portions of the yard, individual garden areas, street parking, and off-alley parking. Public water and sewer serve the property.
Key Highlights
- Two separate homes on a 0.172‑acre lot
- Front residence built in 1910 with 3 bedrooms and 1.5 bathrooms
- Rear residence built in 1953 with 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,053
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,060
$341.1K
Cap Rate 7%
$243,614
$243.6K
Cap Rate 9%
$189,478
$189.5K
Market Conditions
NOI Build-Up for 2,230 SF
Gross rent
$32.9K $14.76/SF
− Vacancy
−$1.9K −$0.86/SF
EGI
$31.0K $13.90/SF
− OpEx
−$14.0K −$6.26/SF
NOI
$17.1K $7.65/SF
Area
Cascade County, MT
Vacancy
5.80%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,060
Cap Rate 7%
$243,614
Cap Rate 9%
$189,478
Alternative Uses
Best Use
Apartment 5plus
$243.6K
$213.2K – $284.2K
NOI $17,053 @ 7.0% cap · market cap 7.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$434.0K
$379.7K – $506.3K
NOI $30,379 @ 7.0% cap · market cap 14.13%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
717
Businesses Nearby
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Business Placement
Demographics for 59401, MT
13,030
Population
6,921
Households
1.9
Avg Household Size
39
Median Age
27%
College-Educated
93%
High-School Grad
3.0 sq mi
ZIP Area
4,343
Density / Sq Mi
$53,750
Median Household Income
$33,209
Median Earnings
$767
Median Rent
$206,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Single family property - Two separate homes share a fenced lot with a garage, outdoor storage, and garden areas.
Where is this single family property located?
The property is located at 1512 6th Avenue N Great Falls, MT.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Two separate homes on a 0.172‑acre lot; Front residence built in 1910 with 3 bedrooms and 1.5 bathrooms; Rear residence built in 1953 with 2 bedrooms and 1 bathroom
