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    220 4th Avenue E Three Forks, MT 59752

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    New
    For Sale
    $620,000

    MULTI_FAMILY - Other - Three Forks, MT

    Lot size:
    0.16 Acres
    Added:
    May 4, 2026
    Days on Market:
    5
    Last Refresh:
    May 8 at 1:06 pm

    Property Features for 220 4th Avenue E

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    Garage
    Interior features
    SunRoom
    Exterior features
    GravelDriveway
    Appliances
    Dryer, Washer
    Standard status
    Active
    APN
    RDC10884
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    THREE FORKS ORIG TWNSITE, S25, T02 N, R01 E, BLOCK 20, Lot 5, PLAT D-18 Warm
    Tax Annual Amount
    2867

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1915
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Laminate
    Building materials
    WoodSiding
    Roof type
    Shingle, Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    MaKya Suckut

    Listing agent MaKya Suckut License #RBS-118815

    Listing office PureWest Real Estate Bozeman 708 N Rouse, Bozeman, MT

    Listing date May 4, 2026

    MLS# 410768 Listing URL

    Copyright © 2026 Big Sky Country MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Income‑producing fourplex with immediate cash flow from three tenant‑occupied units.
    • Recently refreshed vacant unit featuring new flooring and paint, ready for lease or owner occupancy.
    • Well‑maintained property with new gutters and updated finishes in occupied units.
    • Detached garage and additional off‑street parking enhance tenant appeal.
    • Convenient shared common area with washer and dryer.
    • Located in the growing Three Forks community with access to Bozeman and recreation.

    Overview

    Charming Fourplex in Three Forks

    This is an exceptional investment opportunity located in Three Forks, Montana. It features a fourplex built in 1915 that combines historic character with modern updates. The well-maintained property includes four individual units. Three units are currently tenant-occupied, providing immediate income. The remaining unit has been recently refreshed and is ready for lease or owner occupancy. Recent improvements include new gutters and ongoing upgrades throughout the property. The vacant unit has been updated with new flooring and fresh paint. The occupied units have also seen incremental improvements over time, including updated finishes and fixtures. A shared common area with a washer and dryer adds convenience for residents. A detached garage and additional off-street parking increase overall functionality. Positioned in the growing Three Forks community, the property offers small-town charm with convenient access to Bozeman and abundant nearby recreation. The property sits on a lot of 0.161 acres. Strong rental demand in the area supports consistent cash flow with additional upside potential. This fourplex presents a combination of historic appeal, ongoing improvements, and income potential. It is ideal for investors seeking a performing asset or buyers looking to offset living expenses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Real Estate Agency Dental Office Spa & Massage Center Big Box & Wholesale Store Building Supply Pharmacy Hair Salon Kitchen & Bath Showroom Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Three Forks
    County
    Gallatin
    State
    Montana
    Longitude
    -111.5468635
    Latitude
    45.8923721

    FAQs

    What type of property is this?
    Quadplex - Historic fourplex with modern updates and income potential.
    Where is this quadplex located?
    The property is located at 220 4th Avenue E Three Forks, MT.
    What is the asking price?
    The asking price for this property is $620,000.
    What are key features of this property?
    This property features: Income‑producing fourplex with immediate cash flow from three tenant‑occupied units.; Recently refreshed vacant unit featuring new flooring and paint, ready for lease or owner occupancy.; Well‑maintained property with new gutters and updated finishes in occupied units.
    (701) 509-6007
    We can help!
    Listing Contact
    MaKya Suckut
    Real Estate License ID: RBS-118815
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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