Historic Brick
For Sale
$530,000
31 And 29 S Rodney Street, Helena, MT 59601
Two residences offer separate front and back yards, with a one-car garage serving the south unit.
Property Size3,861 SF
Price / SF$137.27
Days on Market13
Property Features for 31 And 29 S Rodney Street
General Information
Standard status
Active
Size
3,861 SF
Property subtype
Residential Income
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Building Details
Building Size
3,861 SF
Year Built
1887
Stories
2
Units
2
Construction
brick duplex
Listing Agency:
Keller Williams Capital Realty
Listed By:
Seth O'Connell · License #RRE-RBS-LIC-46042
(406) 422-6852
Source:
Purewestrealestate
Added: Oct 19
Changed: Oct 26
Last Checked: Oct 30 at 10:29AM
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 Keller Williams Capital Realty
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Investment Insights
Based on property information with market context.
Built in 1887, this brick duplex contains two side-by-side, two-story residences. Each has three bedrooms, one and a half bathrooms, crawl-space storage, and front and back yards. The north residence is tenant-occupied; the south is owner-occupied and has updated flooring and a kitchen, plus a one-car garage. The property measures 3,861 square feet.
Recent work includes a timber-frame porch, replacement windows, new water and sewer services, and new gutters. A furnace was installed in 2017, and the property has underground sprinklers.
The address is on South Rodney Street in downtown Helena, within walking distance of trails and downtown destinations. A corner store, bakery, and bar are also identified nearby.
Recent work includes a timber-frame porch, replacement windows, new water and sewer services, and new gutters. A furnace was installed in 2017, and the property has underground sprinklers.
The address is on South Rodney Street in downtown Helena, within walking distance of trails and downtown destinations. A corner store, bakery, and bar are also identified nearby.
Key Highlights
- Two side‑by‑side residences, each with 3 bedrooms and 1.5 bathrooms
- 3,861‑square‑foot duplex built in 1887
- South unit has updated flooring and kitchen, plus a one‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,873
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$697,460
$697.5K
Cap Rate 7%
$498,186
$498.2K
Cap Rate 9%
$387,478
$387.5K
Market Conditions
NOI Build-Up for 3,861 SF
Gross rent
$53.3K $13.80/SF
− Vacancy
−$3.5K −$0.90/SF
EGI
$49.8K $12.90/SF
− OpEx
−$14.9K −$3.87/SF
NOI
$34.9K $9.03/SF
Area
Lewis and Clark County, MT
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$697,460
Cap Rate 7%
$498,186
Cap Rate 9%
$387,478
Alternative Uses
Best Use
Multifamily LT 5
$498.2K
$435.9K – $581.2K
NOI $34,873 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$466.9K
$408.5K – $544.7K
NOI $32,681 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$838.7K
$733.9K – $978.5K
NOI $58,712 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,510
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?
Duplex - Two residences offer separate front and back yards, with a one-car garage serving the south unit.
Where is this duplex located?
The property is located at 31 And 29 S Rodney Street Helena, MT.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Two side‑by‑side residences, each with 3 bedrooms and 1.5 bathrooms; 3,861‑square‑foot duplex built in 1887; South unit has updated flooring and kitchen, plus a one‑car garage
