Repositioned Hospitality Asset For
1521 1st Ave NW, Great Falls, MT 59404
Call to check price and availability
23-unit SRO property with strong income and future upside.
Type:Hospitality, Multifamily
- Added:
- Mar 4, 2026
- Days on Market:
- 78
- Last Refresh:
- Mar 16 at 2:19 pm
Property Features for 1521 1st Ave NW
General Information
- Standard status
- Active
- Property subtype
- Hospitality, Multifamily
Building Details
- Year Built
- 1954
Listing agent Gary Shea License #RRE-BRO-LIC-10976
Listing office Century 21 Shea Realty - Butte (406) 490-7432
Listing date Mar 4, 2026
Source Crexi
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
HighLights
- Strong in‑place income with a projected Net Operating Income of $181,000.
- Recently converted in 2025 into 23 Single Room Occupancy (SRO) units, designed for both short‑term and long‑term tenants.
- Seller offering a three‑month rent guarantee with a full‑price offer.
- Each of the 23 units has a private bathroom; four units include kitchenettes.
- Zoned C‑2 commercial, providing flexible use allowances and potential for hospitality repositioning.
- Consistent demand and operational stability demonstrated by strong occupancy since October 2025.
Overview
This is an investment opportunity featuring a recently repositioned hospitality asset. Originally built as a motel in 1954, the property was converted in 2025 into 23 Single Room Occupancy (SRO) units. These units are designed for both short-term and long-term tenants. Each unit includes a private bathroom, and four units also feature kitchenettes. Operations began in October 2025, and occupancy has remained strong. The property is zoned C-2 commercial, allowing for continued SRO operations or potential hospitality repositioning. Exterior painting is currently underway. The seller may consider carrying short-term financing for qualified buyers. The seller is offering a three-month rent guarantee with a full-price offer. The property has a projected Net Operating Income of $181,000. The property is located in Great Falls, MT.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Motels
Location Insight
- Map
- Local Demand
- City
- Great Falls
- County
- Cascade
- State
- Montana
- Longitude
- -111.2803139
- Latitude
- 47.5065202
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - 23-unit SRO property with strong income and future upside.
Where is this multifamily property located?
The property is located at 1521 1st Ave NW Great Falls, MT.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Strong in‑place income with a projected Net Operating Income of $181,000.; Recently converted in 2025 into 23 Single Room Occupancy (SRO) units, designed for both short‑term and long‑term tenants.; Seller offering a three‑month rent guarantee with a full‑price offer.
