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

229 2nd Avenue SE, Cut Bank, MT 59427

ResidentialIncome, Cut Bank, MT

Property SizeContact for details
Lot Size0.92 Acres
Days on Market222

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

refreshed lobby
updated laundry facilities
camera system
playground
dog parks

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 27 Last Checked: Sep 27 at 10:06AM
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 multifamily property on approximately 0.916 acres in Cut Bank. Built in 1971, the property includes a refreshed lobby, modern flooring, updated laundry facilities, and a camera system. Outdoor improvements include new sod, a playground, and dog parks.

Capital improvements include new gas water heaters along with plumbing and electrical updates. The property is served by public water and public sewer, with forced-air heating and a metal roof. Located at 229 2nd Avenue SE, the apartment community offers an established residential setting in Glacier County.

Key Highlights

  • 35‑unit apartment property on approximately 0.916 acres
  • Renovated lobby, modern flooring, and updated laundry facilities
  • New gas water heaters plus plumbing and electrical updates

Property Analytics

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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

315
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
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

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 multifamily property with updated common areas, laundry facilities, utilities, and outdoor resident 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 property on approximately 0.916 acres; Renovated lobby, modern flooring, and updated laundry facilities; New gas water heaters plus plumbing and electrical updates
More about this property
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