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6-Unit Apartment Property
New
For Sale
$975,000

305 Boundary Street, Sheridan, MT 59749

The unit mix includes one- and two-bedroom apartments, each with an individual laundry area.

Property SizeContact for details
Lot Size0.39 Acres
Days on Market2

Property Features for 305 Boundary Street

General Information

Standard status Active
Lot size 0.39 Acres
Property subtype Multi-Family
Zoning R2

Units

Unit Mix 4 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units 6

Taxes and HOA fees

Annual Taxes $3,656

Amenities

laundry area
designated storage

Building Details

Year Built 2005
Buildings 2
Stories 1
Listing Agency: RE/MAX Legacy
Listed By: Chris Eastlund
Source: Outlaw
Added: Oct 5 Changed: Oct 6 Last Checked: Oct 6 at 2:53AM

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 RE/MAX Legacy

Investment Insights

Based on property information with market context.

This Sheridan apartment property comprises a fourplex and a duplex, with six residences in total. The fourplex contains four 1-bedroom, 1-bath apartments, each with a laundry area and designated storage. The duplex has two 2-bedroom, 1-bath units, also equipped with laundry areas. The building was constructed in 2005 and is zoned R2.

The property occupies 0.393± acres, two blocks from Main Street. Improvements include a roof installed approximately three years ago, plus Trex decking, Diamond Kote siding, and Milgard windows completed approximately one year ago. The property has a history of consistent occupancy.

Key Highlights

  • Six apartments: four 1‑bedroom, 1‑bath units and two 2‑bedroom, 1‑bath units
  • Each residence has a laundry area; fourplex apartments also include designated storage
  • 0.393± acres in Sheridan, two blocks from Main Street

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service HVAC Service Grocery & Convenience Store Auto Parts Store (Bike/Boat/Book/etc) Store Bakery

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

6
Residential units

Location Intelligence

Trade Area within ½ mile

151
Businesses Nearby

Demographics for 59749, MT

1,640
Population
885
Households
1.9
Avg Household Size
55
Median Age
34%
College-Educated
94%
High-School Grad
238.2 sq mi
ZIP Area
7
Density / Sq Mi
$78,534
Median Household Income
$31,618
Median Earnings
$778
Median Rent
$347,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - The unit mix includes one- and two-bedroom apartments, each with an individual laundry area.
Where is this apartment building located?
The property is located at 305 Boundary Street Sheridan, MT.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Six apartments: four 1‑bedroom, 1‑bath units and two 2‑bedroom, 1‑bath units; Each residence has a laundry area; fourplex apartments also include designated storage; 0.393± acres in Sheridan, two blocks from Main Street
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