New Multifamily Property in
2296 Deerfield Lane, Helena, MT 59601
For Sale
$3,650,000
New 10-unit multifamily property with desirable tenant features.
Property Size15,540 SF
Lot Size0.88 Acres
Price / SF$189.12
Days on Market254
Property Features for 2296 Deerfield Lane
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Commercial Green & Green
Listed By:
Tyler Warne · License MT #98724
(406) 465-9936
Source:
Cbcworldwide
Added: Mar 5
Changed: Aug 8
Last Checked: Sep 9 at 7:04AM
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 Coldwell Banker Commercial Green & Green
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Investment Insights
Based on property information with market context.
This multifamily property for sale features 10 residential units. Constructed in 2024 and 2025 by a local builder, the property is situated in the South Hills, providing convenient access to major employers such as St. Pete's Hospital and the state Capitol Complex. The property offers separately metered utilities and durable finishes. Each unit includes an attached garage, a main floor kitchen and living room with 9-foot ceilings, a private patio with views, in-unit laundry, 3 bedrooms, and 2.5 baths. The property also features a fenced yard for pets and an asphalt parking lot. The gross building area totals 19,300 square feet across 3 structures, with a gross living area of 15,540 square feet. The property is located in Helena, Montana.
Key Highlights
- New construction (2024 & 2025) by a respected local builder.
- 6.1% cap rate.
- Desirable location minutes from major employers (St. Pete's Hospital & State Capitol Complex).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$163,365
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,267,300
$3.3M
Cap Rate 7%
$2,333,786
$2.3M
Cap Rate 9%
$1,815,167
$1.8M
Market Conditions
NOI Build-Up for 19,300 SF
Gross rent
$312.7K $16.20/SF
− Vacancy
−$15.6K −$0.81/SF
EGI
$297.0K $15.39/SF
− OpEx
−$133.7K −$6.93/SF
NOI
$163.4K $8.46/SF
Area
Lewis and Clark County, MT
Vacancy
5.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,267,300
Cap Rate 7%
$2,333,786
Cap Rate 9%
$1,815,167
Alternative Uses
Best Use
Apartment 5plus
$2.33M
$2.04M – $2.72M
NOI $163,365 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.19M
$3.67M – $4.89M
NOI $293,484 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - New 10-unit multifamily property with desirable tenant features.
Where is this apartment building located?
The property is located at 2296 Deerfield Lane Helena, MT.
What is the asking price?
The asking price for this property is $3,650,000.
What are key features of this property?
This property features: New construction (2024 & 2025) by a respected local builder.; 6.1% cap rate.; Desirable location minutes from major employers (St. Pete's Hospital & State Capitol Complex).
