4-Unit Brick Apartment
New
For Sale
$799,000
1924 Winne Avenue, Helena, MT 59601
ResidentialIncome, Helena, MT
Property Size4,096 SF
Lot Size0.22 Acres
Price / SF$195.07
Days on Market7
Property Features for 1924 Winne Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Laundry Room
Parking features
Alley
Directions
East on Winne and 1924 & 1926 on the left side of Winne before Fee St. - 1924 1/2 & 1926 1/2 access from Winnie and northern alley.
Standard status
Active
APN
05188832112030000
Size
4,096 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LENNOX SUBDIVISION, S32, T10 N, R03 W, BLOCK 43, Lot 28 - 30
Tax Annual Amount
5740
Legal Description
LENNOX SUBDIVISION, S32, T10 N, R03 W, BLOCK 43, Lot 28 - 30
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Water source
Public
Amenities
off-street parking
laundry facilities
storage lockers
yard
Building Details
Year built
1963
Number of units
4
Roof type
Asphalt
Listing Agency:
Big Sky Brokers, LLC
(406) 443-1300
Listed By:
Jackie Betts · License #RRE-BRO-LIC-53929
(406) 439-2733
Added: Oct 9
Changed: Oct 14
Last Checked: Oct 15 at 11:06AM
MLS# 30079611
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.
Investment Insights
Based on property information with market context.
This 4-unit brick apartment property contains 4,096 square feet and dates to 1963. The unit mix comprises three 2-bedroom, 1-bath apartments and one 1-bedroom, 1-bath apartment. Laundry is provided through two in-unit washer/dryer sets and two additional sets in a shared laundry area. Electric and gas are separately metered, and each apartment has an individual gas water heater. Updates include a roof installed in 2022, along with replacement windows in many areas and newer doors and flooring in two units.
The 0.215-acre parcel includes off-street parking accessed from the alley, a two-car parking pad serving two apartments, and a yard with mature trees. Public water and public sewer serve the property.
The 0.215-acre parcel includes off-street parking accessed from the alley, a two-car parking pad serving two apartments, and a yard with mature trees. Public water and public sewer serve the property.
Key Highlights
- Four apartments: three 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit
- 4,096 square feet on a 0.215‑acre parcel
- Brick construction; built in 1963
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,995
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$739,900
$739.9K
Cap Rate 7%
$528,500
$528.5K
Cap Rate 9%
$411,056
$411.1K
Market Conditions
NOI Build-Up for 4,096 SF
Gross rent
$56.5K $13.80/SF
− Vacancy
−$3.7K −$0.90/SF
EGI
$52.9K $12.90/SF
− OpEx
−$15.9K −$3.87/SF
NOI
$37.0K $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 Rate 5%
$739,900
Cap Rate 7%
$528,500
Cap Rate 9%
$411,056
Alternative Uses
Best Use
Multifamily LT 5
$528.5K
$462.4K – $616.6K
NOI $36,995 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$495.3K
$433.4K – $577.9K
NOI $34,671 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$889.8K
$778.6K – $1.04M
NOI $62,285 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
619
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - A varied unit mix, separate utility metering, and on-site laundry serve the building’s four residences.
Where is this quadplex located?
The property is located at 1924 Winne Avenue Helena, MT.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Four apartments: three 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit; 4,096 square feet on a 0.215‑acre parcel; Brick construction; built in 1963
