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35-Unit Apartment Building
For Sale
$2,750,000

229 2nd Avenue SE, Cut Bank, MT 59427

MULTI_FAMILY - Cut Bank, MT

Property SizeContact for details
Lot Size0.92 Acres
Days on Market174

Property Features for 229 2nd Avenue SE

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Call Listing Agent for Details
Security features Security
Exterior features PlayStructure
Directions CLA
Subdivision 12M - Other Montana Counties
Standard status Active
APN 0000000571
Lot size 0.92 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description CUT BANK SECOND ADD, S12, T33 N, R06 W, BLOCK 012, LOT 001 - 003, PART OF TRACT I TRIANGULAR TRACT KNOWN AS TRACT L, TRACT J & K
Tax Annual Amount 14994
Legal Description CUT BANK SECOND ADD, S12, T33 N, R06 W, BLOCK 012, LOT 001 - 003, PART OF TRACT I TRIANGULAR TRACT KNOWN AS TRACT L, TRACT J & K

Utilities

Sewer type Public Sewer
Heating system Forced Air
Water source Public

Amenities

laundry facilities
security system
playground
dog park

Building Details

Year built 1971
Floors in Building 2
Number of units 35
Roof type Metal
Additional Structures Shed(s)
Listing Agency: Corder & Associates
Listed By: Trampus Corder · License #BRO-38039
Added: Feb 17 Changed: Aug 3 Last Checked: Aug 10 at 11:06PM
MLS# 408763

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.

Investment Insights

Based on property information with market context.

Springhill Apartments is a 35-unit apartment building built in 1971 and positioned on a 0.916-acre lot. The property has undergone comprehensive renovations that include a refreshed lobby, modern flooring, and updated laundry facilities. On-site security is supported by a camera system.

Selected building and systems improvements include new gas water heaters, along with plumbing and electrical updates. The exterior includes new sod and a play structure, plus a playground and dog parks for tenant use.

For utilities, the property is served by public water and public sewer. Heating is forced air, and the roof is metal. Address: 229 2nd Avenue SE, Cut Bank, MT 59427.

Key Highlights

  • 35‑unit apartment building on a 0.916‑acre lot
  • Comprehensive renovations: refreshed lobby, modern flooring, updated laundry facilities
  • Camera system for on‑site security

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

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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Renovated Springhill Apartments feature updated laundry facilities, refreshed interiors, and camera security with outdoor play 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 $2,750,000.
What are key features of this property?
This property features: 35‑unit apartment building on a 0.916‑acre lot; Comprehensive renovations: refreshed lobby, modern flooring, updated laundry facilities; Camera system for on‑site security
More about this property
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