Turnkey 20-Unit Garden-Style
For Sale
$3,200,000
201 9th Avenue NW, Sidney, MT 59270
Turnkey 20-unit garden-style multifamily property with a defined renovation plan to bring unit rents to a higher target.
Property Size16,450 SF
Days on Market235
Property Features for 201 9th Avenue NW
General Information
Standard status
Active
Size
16,450 SF
Financials
Cap Rate
5.25%
Business Included
Yes
Additional Details
Multifamily Units
20
Taxes and HOA fees
Annual Taxes
$17,275
Building Details
Building Size
16,450 SF
Year Built
2013
Listing Agency:
Silvercreek Realty Group, LLC
(208) 860-1650
Listed By:
Krista L Deacon · License #DB32944
(208) 860-1650
Source:
Montanapropertyangels
Added: Dec 19, 2025
Changed: Aug 8
Last Checked: Aug 11 at 4:41AM
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 Silvercreek Realty Group, LLC
Investment Insights
Based on property information with market context.
This turnkey offering features a 20-unit, garden-style apartment complex arranged for multi-tenant residential income. The property is presented as a value-add opportunity with a renovation approach designed to standardize unit quality to the level of Unit 206. Unit 206 is currently leased at $1,350 per month, and the stated renovation plan calls for renovating all 20 units to that higher standard, targeting $1,600 per unit per month after improvements.
The current financial snapshot provided includes a monthly Gross Potential Rent calculation of 19 units at $1,050 plus Unit 206 at $1,350, for total monthly gross rent of $21,300. Annual gross revenue is shown as $255,600, with NOI calculated at 0.65 times gross revenue, resulting in $165,660. A pro forma scenario is also provided: renovating all 20 units to the $1,600 target rent would produce projected annual gross revenue of $384,000 and projected NOI of $249,600, using the same 0.65 factor. The materials cite a 5.25% cap rate assumption and an implied value based on the future NOI.
For commercial investors and 1031 exchange prospects, this package is underwritten around a clear, unit-by-unit renovation framework and a stabilized NOI calculation method carried from the current to the future scenario. The property’s turnkey presentation is intended to support a straightforward acquisition process aligned with the stated renovation plan.
The current financial snapshot provided includes a monthly Gross Potential Rent calculation of 19 units at $1,050 plus Unit 206 at $1,350, for total monthly gross rent of $21,300. Annual gross revenue is shown as $255,600, with NOI calculated at 0.65 times gross revenue, resulting in $165,660. A pro forma scenario is also provided: renovating all 20 units to the $1,600 target rent would produce projected annual gross revenue of $384,000 and projected NOI of $249,600, using the same 0.65 factor. The materials cite a 5.25% cap rate assumption and an implied value based on the future NOI.
For commercial investors and 1031 exchange prospects, this package is underwritten around a clear, unit-by-unit renovation framework and a stabilized NOI calculation method carried from the current to the future scenario. The property’s turnkey presentation is intended to support a straightforward acquisition process aligned with the stated renovation plan.
Key Highlights
- 20‑unit garden‑style multifamily property built in 2013
- Current total monthly gross rent of $21,300 (Unit 206 at $1,350/month included)
- Current annual gross revenue of $255,600 and current NOI of $165,660 (0.65 x $255,600)
Property Analytics
Property Profile
Current Use
Lease Details
20
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
Explore this area
Business Placement
Demographics for 59270, MT
8,633
Population
4,358
Households
2
Avg Household Size
38
Median Age
19%
College-Educated
96%
High-School Grad
891.0 sq mi
ZIP Area
10
Density / Sq Mi
$68,031
Median Household Income
$39,060
Median Earnings
$876
Median Rent
$260,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Turnkey 20-unit garden-style multifamily property with a defined renovation plan to bring unit rents to a higher target.
Where is this apartment building located?
The property is located at 201 9th Avenue NW Sidney, MT.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 20‑unit garden‑style multifamily property built in 2013; Current total monthly gross rent of $21,300 (Unit 206 at $1,350/month included); Current annual gross revenue of $255,600 and current NOI of $165,660 (0.65 x $255,600)
