Turnkey 4-Plex Income
New
For Sale
$799,000
2024 Villard Avenue, Helena, MT 59601
Built in 1976, this four-unit property offers updated interiors, remodeled baths, and off-street parking with electrical outlets.
Property Size3,744 SF
Price / SF$213.41
Days on Market5
Property Features for 2024 Villard Avenue
General Information
Standard status
Active
Size
3,744 SF
Property subtype
Multi Family Home
Additional Details
Multifamily Units
4
Amenities
modern kitchens
remodeled bathrooms
new windows
washer and dryer hookups
dedicated storage units
off-street parking with electrical outlets
underground sprinklers
mature landscaping
Garage: Additional Parking
Garage Spaces: 0
Additional Parking
Building Details
Year Built
1976
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices - Helena
(406) 431-9573
Listed By:
Deb A Whitcomb · License #RRE-BRO-LIC-18421
Source:
Clearwaterproperties
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 29 at 8:35AM
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 Berkshire Hathaway HomeServices - Helena
Investment Insights
Based on property information with market context.
This well-maintained 4-plex was built in 1976 and is configured with four 2-bedroom, 1-bath units. The property features modernized kitchens and remodeled bathrooms, along with new windows. In-unit washer and dryer hookups are provided, along with dedicated storage units for each apartment. Off-street parking includes electrical outlets, and the grounds include expansive front and back lawns with underground sprinklers and mature landscaping.
Located at 2024 Villard Avenue in Helena, MT, the property sits in a neighborhood described as having strong rental demand.
The asset is positioned as a turnkey, updated multifamily investment with consistent unit layout and supporting amenities across all four residences.
Located at 2024 Villard Avenue in Helena, MT, the property sits in a neighborhood described as having strong rental demand.
The asset is positioned as a turnkey, updated multifamily investment with consistent unit layout and supporting amenities across all four residences.
Key Highlights
- Four‑unit 4‑plex built in 1976; all four units are 2 bed / 1 bath
- Updated interiors with modern kitchens, remodeled bathrooms, and new windows in all units
- Washer and dryer hookups in each unit, plus dedicated storage units
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 | $51.7k | $13.80 |
| − Vacancy | −$3.4k | −$0.90 |
| EGI | $48.3k | $12.90 |
| − OpEx | −$14.5k | −$3.87 |
| NOI | $33.8k | $9.03 |
3,744 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$483.1K
$422.7K – $563.6K
NOI $33,816 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$452.7K
$396.1K – $528.2K
NOI $31,691 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$813.3K
$711.7K – $948.9K
NOI $56,933 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
621
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 - Built in 1976, this four-unit property offers updated interiors, remodeled baths, and off-street parking with electrical outlets.
Where is this quadplex located?
The property is located at 2024 Villard 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‑unit 4‑plex built in 1976; all four units are 2 bed / 1 bath; Updated interiors with modern kitchens, remodeled bathrooms, and new windows in all units; Washer and dryer hookups in each unit, plus dedicated storage units
