Triplex with Detached Garage
224 12th, Helena, MT 59601
For Sale
$750,000
A separate carriage house adds six garage bays, each currently leased.
Property Size4,764 SF
Price / SF$157.43
Days on Market10
Property Features for 224 12th
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Garage Spaces: 7
7
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Big Sky Brokers, LLC
Listed By:
Marcia Ellermeyer · License MT RRE-BRO-LIC-127793
(406) 431-2226
Source:
Clearwaterproperties
Added: Nov 4
Changed: Nov 12
Last Checked: Nov 12 at 5:57AM
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 Big Sky Brokers, LLC
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.
Built in 1895, this Helena triplex contains three residential units across 4,764 square feet, with a total of five bedrooms and three bathrooms. A detached carriage house adds six garage bays, all currently leased.
The property is in Helena’s South Central neighborhood, with downtown dining, breweries, shopping and employment centers described as walkable. Central Elementary, Helena Middle and Helena High School are also nearby.
The property is in Helena’s South Central neighborhood, with downtown dining, breweries, shopping and employment centers described as walkable. Central Elementary, Helena Middle and Helena High School are also nearby.
Key Highlights
- Three residential units with 5 bedrooms and 3 bathrooms
- 4,764 square feet of property
- Detached carriage house with 6 garage bays, all leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,029
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,580
$860.6K
Cap Rate 7%
$614,700
$614.7K
Cap Rate 9%
$478,100
$478.1K
Market Conditions
NOI Build-Up for 4,764 SF
Gross rent
$65.7K $13.80/SF
− Vacancy
−$4.3K −$0.90/SF
EGI
$61.5K $12.90/SF
− OpEx
−$18.4K −$3.87/SF
NOI
$43.0K $9.03/SF
Area
Lewis and Clark County, MT
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,580
Cap Rate 7%
$614,700
Cap Rate 9%
$478,100
Alternative Uses
Best Use
Multifamily LT 5
$614.7K
$537.9K – $717.2K
NOI $43,029 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$576.1K
$504.1K – $672.1K
NOI $40,325 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$1.03M
$905.5K – $1.21M
NOI $72,443 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,378
Businesses Nearby
Explore this area
Business Placement
Demographics for 59601, MT
30,848
Population
15,937
Households
1.9
Avg Household Size
41
Median Age
51%
College-Educated
96%
High-School Grad
130.2 sq mi
ZIP Area
237
Density / Sq Mi
$70,502
Median Household Income
$44,000
Median Earnings
$1,023
Median Rent
$355,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - A separate carriage house adds six garage bays, each currently leased.
Where is this triplex located?
The property is located at 224 12th Helena, MT.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three residential units with 5 bedrooms and 3 bathrooms; 4,764 square feet of property; Detached carriage house with 6 garage bays, all leased
