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Renovated 4-Unit Apartment Building

1601 5th Avenue N, Great Falls, MT 59401

For Sale
$535,000

ResidentialIncome, Great Falls, MT

Property SizeContact for details
Lot Size0.09 Acres
Days on Market47

Property Features for 1601 5th Avenue N

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Rooms Basement, Laundry Room
Parking features On Street
Appliances Range, Refrigerator
Directions 1601 5th ave n
Standard status Active
APN 02301606318010000
Lot size 0.09 Acres

Additional Details

Individually Metered Utilities gas, electric

Taxes and HOA fees

Tax Year 2025
Tax Description GREAT FALLS THIRD ADDITION, S06, T20 N, R04 E, BLOCK 175, S2 LT 14
Tax Annual Amount 1779
Legal Description GREAT FALLS THIRD ADDITION, S06, T20 N, R04 E, BLOCK 175, S2 LT 14

Utilities

Sewer type Public Sewer
Heating system Baseboard, Forced Air, Natural Gas, Electric (Heating)
Water source Public

Building Details

Year built 1958
Floors in Building 2
Number of units 4
Building materials Block, MetalSiding
Buildings 1
Listing Agency: Dahlquist Realtors
Listed By: Kevin Taggart · License MT RRE-BRO-LIC-119043
Added: Sep 24 Changed: Oct 31 Last Checked: Nov 9 at 2:06PM
MLS# 30078941

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.

Rey
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Investment Insights

Based on property information with market context.

This four-unit property occupies a 0.086-acre lot and was extensively updated approximately three years ago. Interior work included new walls and subflooring, LVT flooring, metal ceilings, kitchens, appliances, lighting, electrical panels, bathroom fixtures, and heating systems. PEX supply lines and most drain lines were also replaced. Each unit has separate gas and electric meters, an updated heating system, and supplemental electric baseboard heat in the bedrooms.

Exterior improvements include metal siding, a rebuilt laundry-room addition, a replacement treated-lumber deck, new entry doors, and a silicone roof coating. The building is block construction, was built in 1958, and has public water and sewer service. Parking is on street.

Key Highlights

  • Four residential units on a 0.086‑acre lot
  • Extensive renovation completed approximately three years ago
  • Separate gas and electric meters and updated heating systems for each unit

Property Analytics

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Lease Details

4
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

717
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Gas and electric are separately metered for each residence, with an individual heating system in every unit.
Where is this quadplex located?
The property is located at 1601 5th Avenue N Great Falls, MT.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Four residential units on a 0.086‑acre lot; Extensive renovation completed approximately three years ago; Separate gas and electric meters and updated heating systems for each unit
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