Mixed-Use Corner Triplex with
201 & 205 Hungry Horse Boulevard Hungry Horse, MT 59919
For Sale
Contact for pricing
Three residential units plus a commercial unit on a corner lot along Highway 2.
Property Size2,080 SF
Price / SF$239.90
Days on Market102
Property Features for 201 & 205 Hungry Horse Boulevard
General Information
- Standard status
- Active
- Size
- 2,080 SF
- Property subtype
- Retail, Office, Multifamily
Building Details
- Year Built
- 1994
Listing Agency:
Beckman's Real Estate
Listed By:
Jacob Kaider · License #RRE-RBS-LIC-135427
Source:
Crexi
Added: Apr 14
Changed: Jul 23
Last Checked: Jul 23 at 8:53AM
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 Beckman's Real Estate
Investment Insights
Based on property information with market context.
This mixed-use corner property includes three residential rental units and one commercial unit, with reported total rental income of $2,700 per month. The sale is described as turnkey and includes the land, buildings, and select fixtures. A spacious owner-utilized tandem garage is also included as part of the configuration.
Located at 201 & 205 Hungry Horse Boulevard in Hungry Horse, MT, the property fronts Highway 2, described as the primary gateway to Glacier National Park. Public remarks note that more than 2 million annual visitors pass the front door.
The property is reported to have a successful 30-year operational history, and the current owner’s transition to retirement is referenced in the offering materials.
Located at 201 & 205 Hungry Horse Boulevard in Hungry Horse, MT, the property fronts Highway 2, described as the primary gateway to Glacier National Park. Public remarks note that more than 2 million annual visitors pass the front door.
The property is reported to have a successful 30-year operational history, and the current owner’s transition to retirement is referenced in the offering materials.
Key Highlights
- Corner lot along Highway 2, with 3 residential rental units generating $2,700/month
- Includes an additional commercial unit plus a spacious owner‑utilized tandem garage
- Year built: 1994
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.2k | $15.00 |
| − Vacancy | −$1.4k | −$0.68 |
| EGI | $29.8k | $14.33 |
| − OpEx | −$8.9k | −$4.30 |
| NOI | $20.9k | $10.03 |
2,080 SF · lease $15.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$298.0K
$260.7K – $347.6K
NOI $20,857 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$277.3K
$242.7K – $323.6K
NOI $19,413 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$464.4K
$406.4K – $541.8K
NOI $32,508 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Second hand antiques
Discount Store
FAQs
What type of property is this?
Triplex - Three residential units plus a commercial unit on a corner lot along Highway 2.
Where is this triplex located?
The property is located at 201 & 205 Hungry Horse Boulevard Hungry Horse, MT.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Corner lot along Highway 2, with 3 residential rental units generating $2,700/month; Includes an additional commercial unit plus a spacious owner‑utilized tandem garage; Year built: 1994
