Repositioned SRO
For Sale
$2,500,000
1521 NW 1st Avenue #A, Great Falls, MT 59404
Private accommodations include individual bathrooms, with kitchenettes available in select units.
Property Size7,512 SF
Days on Market165
Property Features for 1521 NW 1st Avenue #A
General Information
Standard status
Active
Size
7,512 SF
Property subtype
Commercial
Additional Details
Multifamily Units
23
Taxes and HOA fees
Annual Taxes
$6,500
Building Details
Building Size
7,512 SF
Year Built
1954
Year Renovated
2025
Listing Agency:
Century 21 Shea Realty
(406) 723-5455
Listed By:
Gary Shea · License #BRO-10976
(406) 723-5455
Source:
Avatarrealtymt
Added: Mar 18
Changed: Aug 28
Last Checked: Aug 28 at 7:10PM
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
Investment Insights
Based on property information with market context.
Originally built in 1954, this motel property was converted in 2025 into 23 single-room occupancy units. Each unit includes a private bathroom, and four units have kitchenettes. The configuration supports both short-term and long-term tenancy, while operations began in October 2025. Exterior painting is currently underway.
Located at 1521 NW 1st Avenue #A in Great Falls, Montana, the property includes an established management team that will remain in place throughout the seller-financing term. Occupancy has remained strong since operations commenced. The offering also cites a projected 7.5% capitalization rate and a first-year rent guarantee equal to 80% of the property's rent roll.
Located at 1521 NW 1st Avenue #A in Great Falls, Montana, the property includes an established management team that will remain in place throughout the seller-financing term. Occupancy has remained strong since operations commenced. The offering also cites a projected 7.5% capitalization rate and a first-year rent guarantee equal to 80% of the property's rent roll.
Key Highlights
- 23 SRO units converted from the original 1954 motel structure in 2025
- Every unit includes a private bathroom
- Four units feature kitchenettes
Property Analytics
Current Use
Lease Details
23
Residential units
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
Balanced
Demand for This Use
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
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Similar Off Market Nearby
- Crystal Casino — 906 14th St S, Great Falls, MT 59405
- Royal Motel — 1300 Central Ave, Great Falls, MT 59401
- Blue Thunder Lodge — 1100 8th Ave N, Great Falls, MT 59401
- J R's Casino — 1507 8th Ave N, Great Falls, MT 59401
- Nickel Nat's Casino — 1425 8th Ave N, Great Falls, MT 59401
Frequently Asked Questions
What type of property is this?
Motel - Private accommodations include individual bathrooms, with kitchenettes available in select units.
Where is this motel located?
The property is located at 1521 NW 1st Avenue #A 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: 23 SRO units converted from the original 1954 motel structure in 2025; Every unit includes a private bathroom; Four units feature kitchenettes
