Four-Unit Residential
New
For Sale
$450,000
2217 8th Avenue N, Great Falls, MT 59401
ResidentialIncome, Great Falls, MT
Property Size2,865 SF
Lot Size0.18 Acres
Price / SF$157.07
Days on Market1
Property Features for 2217 8th Avenue N
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
1
Rooms
Laundry Room
Directions
Google Map will take you there
Standard status
Active
APN
02301606432050000
Size
2,865 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
GREAT FALLS FOURTH ADDITION, S06, T20 N, R04 E, BLOCK 095, Lot 010, LT 10 & NE 14X25 FT LT 11
Tax Annual Amount
4142
Legal Description
GREAT FALLS FOURTH ADDITION, S06, T20 N, R04 E, BLOCK 095, Lot 010, LT 10 & NE 14X25 FT LT 11
Building Details
Year built
1910
Number of units
4
Listing Agency:
Dahlquist Realtors
(406) 761-4081
Listed By:
Kim O'Haire · License #RRE-RBS-LIC-17227
(406) 899-4772
Added: Oct 20
Last Checked: Oct 20 at 9:06PM
MLS# 30080066
Copyright © 2026 Montana Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This four-unit residential property contains three apartments in the main house and a detached rear dwelling. The main-floor apartment has two bedrooms and one bathroom, with a two-car garage included. A studio occupies the upper level, while the basement apartment offers one bedroom and one bathroom and has been renovated. The separate rear residence has one bedroom and one bathroom.
The property measures 2,865 square feet on a 0.18-acre lot. Built in 1910, it also includes a laundry room.
The property measures 2,865 square feet on a 0.18-acre lot. Built in 1910, it also includes a laundry room.
Key Highlights
- Four units: three in the main house and one in a detached rear dwelling
- 2,865 square feet on a 0.18‑acre lot
- Main‑floor apartment has 2 bedrooms, 1 bathroom, and a 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,208
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,160
$484.2K
Cap Rate 7%
$345,829
$345.8K
Cap Rate 9%
$268,978
$269.0K
Market Conditions
NOI Build-Up for 2,865 SF
Gross rent
$36.1K $12.60/SF
− Vacancy
−$1.5K −$0.53/SF
EGI
$34.6K $12.07/SF
− OpEx
−$10.4K −$3.62/SF
NOI
$24.2K $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%
$484,160
Cap Rate 7%
$345,829
Cap Rate 9%
$268,978
Alternative Uses
Best Use
Multifamily LT 5
$345.8K
$302.6K – $403.5K
NOI $24,208 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$313.0K
$273.9K – $365.2K
NOI $21,909 @ 7.0% cap · market cap 4.87%
Theoretical Best
Specialty Retail
$557.6K
$487.9K – $650.5K
NOI $39,029 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
213
Businesses Nearby
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Business Placement
Demographics for 59401, MT
13,030
Population
6,921
Households
1.9
Avg Household Size
39
Median Age
27%
College-Educated
93%
High-School Grad
3.0 sq mi
ZIP Area
4,343
Density / Sq Mi
$53,750
Median Household Income
$33,209
Median Earnings
$767
Median Rent
$206,100
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 - Four living units comprise three apartments in the main house and a separate rear residence.
Where is this quadplex located?
The property is located at 2217 8th Avenue N Great Falls, MT.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Four units: three in the main house and one in a detached rear dwelling; 2,865 square feet on a 0.18‑acre lot; Main‑floor apartment has 2 bedrooms, 1 bathroom, and a 2‑car garage
