243-245 1st Avenue S Hungry Horse, MT 59919
Renovated duplex with two 2-bedroom, 1-bath units, each with an eat-in kitchen and off-street parking at the front.
Property Features for 243-245 1st Avenue S
General Information
- Standard status
- Active
- Size
- 1,560 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1976
Listing office Engel & Volkers WF CF
Listing date Jul 11, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Engel & Volkers WF CF
Investment Insights
Based on property information with market context.
The property includes a spacious yard and convenient off-street parking located directly in front of the units. Each unit is described as having laundry provisions: the right-side unit has space designed for a stackable washer and dryer with hook ups, while the left-side unit includes laundry hook ups and is currently undergoing its final renovations and will be completed soon.
Sold as a duplex, the configuration provides one unit for owner-occupancy and another for rental use, with the listing describing the right-side unit as complete and the left-side unit nearing completion.
Key Highlights
- Renovated duplex built in 1976 with 2 units, each offering 2 bedrooms and 1 bathroom
- Each unit includes approximately 780 SF of living space, plus a gas fireplace in the living room
- Recent upgrades include a new roof, fascia, soffit, and drip edge, along with new flooring, updated bathrooms, new trim, and fresh interior/exterior paint
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.4k | $15.00 |
| − Vacancy | −$1.1k | −$0.68 |
| EGI | $22.3k | $14.33 |
| − OpEx | −$6.7k | −$4.30 |
| NOI | $15.6k | $10.03 |
