2019-Built Quadplex with
For Sale
$975,000
1709-1715 Euclid Ave, Helena, MT 59601
Four leased residences feature private laundry, PTAC cooling, individual electric metering, and detached garages with automatic openers.
Property Size3,948 SF
Price / SF$246.96
Days on Market31
Property Features for 1709-1715 Euclid Ave
General Information
Standard status
Active
Size
3,948 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Utilities to Site
Yes
Multifamily Units
4
Amenities
in-unit laundry
PTAC air conditioning
detached garages
underground sprinklers
Building Details
Year Built
2019
Buildings
1
Tenancy
Multi
Listing Agency:
Millennium Real Estate & Management
(406) 531-8849
Listed By:
Bryanna Deschamps
Source:
Mtranchsales
Added: Jul 30
Changed: Aug 28
Last Checked: Aug 29 at 12:13PM
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 Millennium Real Estate & Management
Investment Insights
Based on property information with market context.
Completed in 2019, this quadplex contains four residences totaling 3,948 square feet. Each unit includes in-unit laundry, PTAC air conditioning, functional floor plans, and finished interiors. Detached garages with automatic openers provide additional convenience for occupants.
The property is located at 1709-1715 Euclid Ave in Helena, Montana. All four units are leased, and Northwestern Energy electric service is individually metered to tenants. Established landscaping and underground sprinklers are in place, while a neighboring tenant currently handles lawn care and walkway snow removal at a nominal cost; continuation of that arrangement may be available after closing.
The asset combines newer construction with separately metered electric service and a four-unit configuration. Lease agreements, financial information, pro formas, and additional due diligence materials are available to qualified buyers.
The property is located at 1709-1715 Euclid Ave in Helena, Montana. All four units are leased, and Northwestern Energy electric service is individually metered to tenants. Established landscaping and underground sprinklers are in place, while a neighboring tenant currently handles lawn care and walkway snow removal at a nominal cost; continuation of that arrangement may be available after closing.
The asset combines newer construction with separately metered electric service and a four-unit configuration. Lease agreements, financial information, pro formas, and additional due diligence materials are available to qualified buyers.
Key Highlights
- Fourplex completed in 2019 with 3,948 square feet
- All 4 units are leased
- Each residence includes in‑unit laundry and PTAC air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,659
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$713,180
$713.2K
Cap Rate 7%
$509,414
$509.4K
Cap Rate 9%
$396,211
$396.2K
Market Conditions
NOI Build-Up for 3,948 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$54.5K $13.80/SF
− Vacancy
−$3.5K −$0.90/SF
EGI
$50.9K $12.90/SF
− OpEx
−$15.3K −$3.87/SF
NOI
$35.7K $9.03/SF
Area
Lewis and Clark County, MT
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$713,180
Cap Rate 7%
$509,414
Cap Rate 9%
$396,211
Alternative Uses
Best Use
Multifamily LT 5
$509.4K
$445.7K – $594.3K
NOI $35,659 @ 7.0% cap · market cap 3.66%
Second Best
Apartment 5plus
$477.4K
$417.7K – $557.0K
NOI $33,418 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$857.6K
$750.4K – $1.00M
NOI $60,035 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
Explore this area
Business Placement
Demographics for 59601, MT
30,848
Population
15,937
Households
1.9
Avg Household Size
41
Median Age
51%
College-Educated
96%
High-School Grad
130.2 sq mi
ZIP Area
237
Density / Sq Mi
$70,502
Median Household Income
$44,000
Median Earnings
$1,023
Median Rent
$355,000
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?
Quadplex - Four leased residences feature private laundry, PTAC cooling, individual electric metering, and detached garages with automatic openers.
Where is this quadplex located?
The property is located at 1709-1715 Euclid Ave Helena, MT.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Fourplex completed in 2019 with 3,948 square feet; All 4 units are leased; Each residence includes in‑unit laundry and PTAC air conditioning
