Two-Story Duplex with
For Sale
$205,000
207 S Crystal Street, Butte, MT 59701
Historic two-unit property with separate bedrooms, living areas, and enclosed outdoor storage space.
Property Size1,490 SF
Days on Market11
Property Features for 207 S Crystal Street
General Information
Standard status
Active
Size
1,490 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR, 1 x 1BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,500
Amenities
private enclosed back porch
Building Details
Building Size
1,490 SF
Year Built
1900
Units
2
Listing Agency:
Century 21 Shea Realty - Butte
(406) 490-7432
Listed By:
Gary W Shea · License #10976
(406) 490-7432
Source:
Avatarrealtymt
Added: Aug 11
Changed: Aug 12
Last Checked: Aug 20 at 2:24PM
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 Century 21 Shea Realty - Butte
Investment Insights
Based on property information with market context.
Built in 1900, this duplex is arranged with one residence above the other. The upper unit contains two bedrooms, while the lower unit has one bedroom. Both residences include generously sized living rooms and private enclosed back porches that provide additional storage or flexible outdoor space.
The property is located at 207 S Crystal Street in Uptown Butte, near St. James and Montana Tech University. Its two-unit configuration supports either rental ownership or an owner-occupant arrangement with a separate residence on site.
The property is located at 207 S Crystal Street in Uptown Butte, near St. James and Montana Tech University. Its two-unit configuration supports either rental ownership or an owner-occupant arrangement with a separate residence on site.
Key Highlights
- Up‑and‑down duplex configuration with two separate residential units
- Upper unit includes 2 bedrooms; lower unit includes 1 bedroom
- Generously sized living rooms in both units
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
$9,931
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
4.84%
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%
$198,620
$198.6K
Cap Rate 7%
$141,871
$141.9K
Cap Rate 9%
$110,344
$110.3K
Market Conditions
NOI Build-Up for 1,490 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
$15.2K $10.20/SF
− Vacancy
−$1.0K −$0.68/SF
EGI
$14.2K $9.52/SF
− OpEx
−$4.3K −$2.86/SF
NOI
$9.9K $6.67/SF
Area
Silver Bow County, MT
Vacancy
6.65%
Lease Rate
$10.20 /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%
$198,620
Cap Rate 7%
$141,871
Cap Rate 9%
$110,344
Alternative Uses
Best Use
Multifamily LT 5
$141.9K
$124.1K – $165.5K
NOI $9,931 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$130.7K
$114.3K – $152.4K
NOI $9,146 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$324.7K
$284.1K – $378.9K
NOI $22,731 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,377
Businesses Nearby
Explore this area
Business Placement
Demographics for 59701, MT
33,937
Population
16,834
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
94%
High-School Grad
509.7 sq mi
ZIP Area
67
Density / Sq Mi
$56,799
Median Household Income
$34,793
Median Earnings
$811
Median Rent
$219,200
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?
Duplex - Historic two-unit property with separate bedrooms, living areas, and enclosed outdoor storage space.
Where is this duplex located?
The property is located at 207 S Crystal Street Butte, MT.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Up‑and‑down duplex configuration with two separate residential units; Upper unit includes 2 bedrooms; lower unit includes 1 bedroom; Generously sized living rooms in both units
