Four-Unit Multifamily
New
For Sale
$450,000
2217 8th, Great Falls, MT 59401
Separate rear housing and a two-car garage complement the building’s varied apartment layouts.
Property Size2,865 SF
Price / SF$157.07
Days on Market3
Property Features for 2217 8th
General Information
Standard status
Active
Size
2,865 SF
Property subtype
Multi Family Home
Units
Unit Mix
2 x 1BR/1BA, 1 x studio, 1 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,142
Amenities
Garage Spaces: 2
2
Building Details
Year Built
1910
Buildings
2
Listing Agency:
Dahlquist Realtors
Listed By:
Kim O'Haire · License #RRE-RBS-LIC-17227
(406) 899-4772
Source:
Clearwaterproperties
Added: Oct 23
Last Checked: Oct 24 at 7:06PM
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 Dahlquist Realtors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 1910 multifamily property contains four living units across the main house and a separate rear house. The main house includes an upstairs studio, a two-bedroom, one-bathroom apartment on the main floor, and a newly remodeled one-bedroom, one-bathroom basement apartment. A two-car garage is included with the main-floor unit.
The rear house is configured as a one-bedroom, one-bathroom residence. Together, the two structures offer a mix of studio and one- and two-bedroom layouts.
The rear house is configured as a one-bedroom, one-bathroom residence. Together, the two structures offer a mix of studio and one- and two-bedroom layouts.
Key Highlights
- Four residential units across the main house and a separate rear house
- Main house includes an upstairs studio, a two‑bedroom unit, and a remodeled basement apartment
- Main‑floor apartment includes a two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,909
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,180
$438.2K
Cap Rate 7%
$312,986
$313.0K
Cap Rate 9%
$243,433
$243.4K
Market Conditions
NOI Build-Up for 2,865 SF
Gross rent
$42.3K $14.76/SF
− Vacancy
−$2.5K −$0.86/SF
EGI
$39.8K $13.90/SF
− OpEx
−$17.9K −$6.26/SF
NOI
$21.9K $7.65/SF
Area
Cascade County, MT
Vacancy
5.80%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,180
Cap Rate 7%
$312,986
Cap Rate 9%
$243,433
Alternative Uses
Best Use
Apartment 5plus
$313.0K
$273.9K – $365.2K
NOI $21,909 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
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.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Separate rear housing and a two-car garage complement the building’s varied apartment layouts.
Where is this multifamily property located?
The property is located at 2217 8th 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 residential units across the main house and a separate rear house; Main house includes an upstairs studio, a two‑bedroom unit, and a remodeled basement apartment; Main‑floor apartment includes a two‑car garage
