243-245 1st Avenue S Hungry Horse, MT 59919
MULTI_FAMILY - Ranch - Hungry Horse, MT
Property Features for 243-245 1st Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Rooms
- Laundry Room, Basement
- Interior features
- Fireplace
- Fireplace
- 1
- Appliances
- Dishwasher, Microwave, Range, Refrigerator
- Standard status
- Active
- APN
- 07418708209010000
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- HUNGRY HORSE, S08, T30 N, R19 W, BLOCK 6, Lot 1 - 3, cos 21991
- Tax Annual Amount
- 1544
Utilities
- Sewer type
- Septic Tank, Private Sewer
- Heating system
- Electric (Heating), Baseboard
- Water source
- Public
Building Details
- Year built
- 1976
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- CementSiding, WoodSiding
- Roof type
- Asphalt
- Architectural style
- Ranch
Listing agent Patti Lynn Singer License #RRE-BRO-LIC-98913 (800) 551-3184
Listing office Engel & Volkers Western Frontier - Whitefish 214 2nd St. E Ste. 101, Missoula, MT (406) 730-8582
Listing date Jul 10, 2026
Copyright © 2026 Montana Regional 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.
Recent improvements include a new roof, fascia, soffit, and drip edge, along with new flooring, updated bathrooms, new trim, and fresh interior and exterior paint.
Outside, the property provides a spacious yard and convenient off-street parking directly in front of the units, with easy access to local amenities in Hungry Horse.
Key Highlights
- Renovated duplex built in 1976 with ranch‑style architecture and cement siding/wood siding exterior
- Two units, each approx. 780 SF, featuring 2 bedrooms and 1 bathroom plus a gas fireplace in the living room
- Recent improvements include 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 |
