Newly Renovated Four-Unit
For Sale
$725,000
315-321 N Washington, Butte, MT 59701
MULTI_FAMILY - Butte, MT
Property SizeContact for details
Days on Market56
Property Features for 315-321 N Washington
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
RMF
Appliances
Dryer, Dishwasher, Range, Refrigerator, Washer
Directions
See address
Subdivision
10BWM - Butte - West of Montana
Standard status
Active
APN
0000865800
Taxes and HOA fees
Tax Year
2025
Tax Description
BUTTE TOWNSITE, S13, T03 N, R08 W, BLOCK 7, LOT 1, S 33 1/3 OF LTS 1-3
Tax Annual Amount
4331
Legal Description
BUTTE TOWNSITE, S13, T03 N, R08 W, BLOCK 7, LOT 1, S 33 1/3 OF LTS 1-3
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
4
Listing Agency:
Century 21 Shea Realty · Century 21 Real Estate
(406) 723-5455
Listed By:
Gary Shea · License #BRO-10976
(406) 490-7432
Added: Jun 16
Changed: Jun 17
Last Checked: Aug 10 at 10:06AM
MLS# 412317
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.
This two-building rental property totals four units and has been newly and extensively renovated, including the building systems and the interior and exterior improvements. The brick building includes three units, with two units offering 3 bedrooms and 1.5 bathrooms and a third unit offering 2 bedrooms and 1 bathroom. A separate house on the property provides the fourth unit with 2 bedrooms and 1 bathroom. All units are currently rented. Each unit has its own laundry, supporting day-to-day convenience for tenants.
Located at 315-321 N Washington in Butte, Montana, the property is described as being conveniently situated in Uptown Butte. Tenants pay electric and natural gas, which can simplify operating costs for the owner and help establish a more self-contained utility structure for each unit.
For buyers seeking a small, manageable income property, this four-unit configuration is designed around distinct unit layouts within the brick building plus a detached fourth unit. The combination of extensive renovation and in-unit laundry provides a practical, tenant-ready setup for long-term occupancy. With all units already rented, the property can offer a straightforward path for an owner-operator or an investor looking to acquire an operating multifamily asset in Butte.
Located at 315-321 N Washington in Butte, Montana, the property is described as being conveniently situated in Uptown Butte. Tenants pay electric and natural gas, which can simplify operating costs for the owner and help establish a more self-contained utility structure for each unit.
For buyers seeking a small, manageable income property, this four-unit configuration is designed around distinct unit layouts within the brick building plus a detached fourth unit. The combination of extensive renovation and in-unit laundry provides a practical, tenant-ready setup for long-term occupancy. With all units already rented, the property can offer a straightforward path for an owner-operator or an investor looking to acquire an operating multifamily asset in Butte.
Key Highlights
- Annual gross rental income of $61,800 with a 6% cap rate
- Two buildings with 4 total units; all units are currently rented
- 3‑unit two‑story brick building: two units have 3 bed/1.5 bath, and one unit has 2 bed/1 bath
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,460
Businesses Nearby
Explore this area
Business Placement
Demographics for 59701, MT
33,937
Population
16,834
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
94%
High-School Grad
509.7 sq mi
ZIP Area
67
Density / Sq Mi
$56,799
Median Household Income
$34,793
Median Earnings
$811
Median Rent
$219,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Turn-key renovated four-unit rental property with in-unit laundry and tenant-paid electric and natural gas.
Where is this quadplex located?
The property is located at 315-321 N Washington Butte, MT.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Annual gross rental income of $61,800 with a 6% cap rate; Two buildings with 4 total units; all units are currently rented; 3‑unit two‑story brick building: two units have 3 bed/1.5 bath, and one unit has 2 bed/1 bath
