Repositioned Hospitality Asset For
For Sale
$2,500,000
1521 1st, Great Falls, MT 59404
23-unit SRO property with strong income and future upside.
Property Size7,512 SF
Price / SF$332.80
Days on Market150
Property Features for 1521 1st
General Information
Standard status
Active
Size
7,512 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,500
Building Details
Year Built
1954
Listing Agency:
Century 21 Shea Realty - Butte
(406) 490-7432
Listed By:
Gary W Shea · License #BRO-10976
Source:
Clearwaterproperties
Added: Mar 27
Changed: Aug 23
Last Checked: Aug 23 at 3:17AM
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 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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
Explore this area
Business Placement
Demographics for 59404, MT
28,131
Population
11,828
Households
2.4
Avg Household Size
42
Median Age
31%
College-Educated
94%
High-School Grad
331.4 sq mi
ZIP Area
85
Density / Sq Mi
$79,327
Median Household Income
$44,545
Median Earnings
$1,034
Median Rent
$272,300
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?
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 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.
