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

305 Boundary Street, Sheridan, MT 59749

ResidentialIncome, Sheridan, MT

Property SizeContact for details
Lot Size0.39 Acres
Days on Market3

Property Features for 305 Boundary Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description R2
Patio and Porch features Deck
Exterior features GravelDriveway
Appliances Dishwasher, Disposal, Microwave, Range, Refrigerator, Dryer, Washer
Lot features Lawn
View Mountains, Valley
Directions GPS will take you there. From S Main Street in Sheridan, turn southwest on W Crofoot. Turn right on Boundary Street and the property will be on the right.
Subdivision 7MR - Madison - Ruby Valley
Standard status Active
APN 0007000755
Lot size 0.39 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description SHERIDAN ORIGINAL TOWNSITE, S27, T04 S, R05 W, BLOCK 12
Tax Annual Amount 3656
Legal Description SHERIDAN ORIGINAL TOWNSITE, S27, T04 S, R05 W, BLOCK 12

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Cooling system Ceiling Fan(s)
Water source Public

Amenities

laundry area
storage

Building Details

Year built 2005
Floors in Building 1
Number of units 6
Flooring type Carpet, Laminate, Plank, Vinyl
Roof type Asphalt, Shingle
Listing Agency: Resolute Roots Realty
Listed By: Dawn Buttrey · License #BRO-88755
Added: Oct 3 Changed: Oct 5 Last Checked: Oct 5 at 10:06AM
MLS# 415306

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.

Built in 2005, this six-unit apartment property consists of a fourplex and a duplex. The fourplex contains four one-bedroom, one-bathroom apartments, each with a laundry area and separate storage. The duplex has two two-bedroom, one-bathroom apartments with laundry areas. The property also includes decks, a gravel driveway, forced-air natural gas heat, ceiling fans, and public water and sewer service.

The property is located in Sheridan, two blocks from Main Street. Exterior work includes a roof replacement approximately three years ago, followed by Trex decking, Diamond Kote siding, and Milgard windows approximately one year ago.

Key Highlights

  • Six apartments: four one‑bedroom, one‑bathroom units and two two‑bedroom, one‑bathroom units
  • Each one‑bedroom apartment has a laundry area and designated storage
  • Roof replaced approximately three years ago

Property Analytics

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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
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 - Residents have private laundry areas, with storage assigned to each of the four one-bedroom apartments.
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 one‑bedroom, one‑bathroom units and two two‑bedroom, one‑bathroom units; Each one‑bedroom apartment has a laundry area and designated storage; Roof replaced approximately three years ago
More about this property
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