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Renovated 35-Unit Apartment Building
For Sale
$2,995,000

229 2nd Avenue SE, Cut Bank, MT 59427

Renovated 35-unit apartment building with updated laundry, secured entry by camera, and refreshed exterior amenities.

Property SizeContact for details
Days on Market176

Property Features for 229 2nd Avenue SE

General Information

Standard status Active
Property subtype Apartment

Additional Details

Business Included Yes
Multifamily Units 35

Building Details

Year Built 1971
Tenancy Multi
Listing Agency: Corder and Associates LLC
Listed By: Trampus Corder · License #RRE-BRO-LIC-38039
Source: Rehubbillings
Added: Feb 17 Changed: Jul 10 Last Checked: Aug 11 at 4:40AM

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 Corder and Associates LLC

Investment Insights

Based on property information with market context.

Springhill Apartments is a 35-unit multifamily property that has undergone comprehensive renovations. Improvements include a refreshed lobby, modern flooring, and updated laundry facilities, with the property secured by a camera system. The building’s major infrastructure has also been addressed with new gas water heaters alongside plumbing and electrical updates.

The property is located at 229 2nd Avenue SE in Cut Bank, Montana. Exterior upgrades include new sod, a playground, and dedicated dog parks, creating additional on-site amenities for residents.

For investors or operators seeking a turnkey residential income asset with renovations already completed, Springhill offers a practical foundation. With laundry facilities updated, on-site exterior amenities in place, and utility and systems improvements such as new gas water heaters, plumbing, and electrical work, the property is positioned for steady ongoing management. A dedicated Rental Compliance Manager is also noted as part of the current operating framework.

Key Highlights

  • Renovated 35‑unit apartment building in Cut Bank, MT with refreshed interiors and exterior amenities
  • Updates include refreshed lobby, modern flooring, and updated laundry facilities
  • Secured entry with a camera system

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Hair Salon HVAC Service Grocery & Convenience Store Bakery (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

35
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

357
Businesses Nearby

Demographics for 59427, MT

5,091
Population
1,963
Households
2.6
Avg Household Size
37
Median Age
18%
College-Educated
85%
High-School Grad
1,380.7 sq mi
ZIP Area
4
Density / Sq Mi
$59,219
Median Household Income
$39,324
Median Earnings
$915
Median Rent
$161,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Renovated 35-unit apartment building with updated laundry, secured entry by camera, and refreshed exterior amenities.
Where is this apartment building located?
The property is located at 229 2nd Avenue SE Cut Bank, MT.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Renovated 35‑unit apartment building in Cut Bank, MT with refreshed interiors and exterior amenities; Updates include refreshed lobby, modern flooring, and updated laundry facilities; Secured entry with a camera system
More about this property
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