Brick 4-Unit Multifamily
2108 4th Street NE, Great Falls, MT 59404
For Sale
New
$490,000
Three residences are rented, with one additional unit available for leasing.
Property Size3,420 SF
Days on Market5
Property Features for 2108 4th Street NE
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Construction
Listing Agency:
Dustin Young and Company
Listed By:
Sharon Virgin · License MT RRE-BRO-LIC-10297
(406) 868-2014
Source:
Liveinmtrealestate
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:31PM
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 Dustin Young and Company
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This brick multifamily property contains four separate residences, each configured with two bedrooms and one bathroom. Built in 1964, the building has three units currently rented and one not currently leased.
The property is located near schools and local amenities in Great Falls, Montana.
The property is located near schools and local amenities in Great Falls, Montana.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- Brick construction; built in 1964
- Three of four units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,897
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,940
$577.9K
Cap Rate 7%
$412,814
$412.8K
Cap Rate 9%
$321,078
$321.1K
Market Conditions
NOI Build-Up for 3,420 SF
Gross rent
$43.1K $12.60/SF
− Vacancy
−$1.8K −$0.53/SF
EGI
$41.3K $12.07/SF
− OpEx
−$12.4K −$3.62/SF
NOI
$28.9K $8.45/SF
Area
Cascade County, MT
Vacancy
4.20%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,940
Cap Rate 7%
$412,814
Cap Rate 9%
$321,078
Alternative Uses
Best Use
Multifamily LT 5
$412.8K
$361.2K – $481.6K
NOI $28,897 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$373.6K
$326.9K – $435.9K
NOI $26,153 @ 7.0% cap · market cap 5.34%
Theoretical Best
Specialty Retail
$665.6K
$582.4K – $776.5K
NOI $46,590 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
379
Businesses Nearby
Explore this area
Business Placement
Demographics for 59404, MT
28,131
Population
11,828
Households
2.4
Avg Household Size
42
Median Age
31%
College-Educated
94%
High-School Grad
331.4 sq mi
ZIP Area
85
Density / Sq Mi
$79,327
Median Household Income
$44,545
Median Earnings
$1,034
Median Rent
$272,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Three residences are rented, with one additional unit available for leasing.
Where is this quadplex located?
The property is located at 2108 4th Street NE Great Falls, MT.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; Brick construction; built in 1964; Three of four units are currently rented
