Well-Maintained Duplex in Central
For Sale
Contact for pricing
3686 Travertine Way A-B, Helena, MT 59602
Duplex with 3 bed/2.5 bath units, central location, strong rental history.
Property Size3,092 SF
Price / SF$226.07
Days on Market103
Property Features for 3686 Travertine Way A-B
General Information
Standard status
Active
Size
3,092 SF
Property subtype
Multifamily
Building Details
Year Built
2017
Units
2
Listing Agency:
Uncommon Ground, LLC
(406) 461-8588
Listed By:
Freyja Bell · License #RRE-RBS-LIC-38593
Source:
Crexi
Added: May 22
Changed: Aug 25
Last Checked: Aug 31 at 9:29PM
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 Uncommon Ground, LLC
Investment Insights
Based on property information with market context.
This well-maintained duplex is perfect for investors or owner-occupants. It features two thoughtfully designed units, each with 3 beds and 2.5 baths, in a convenient central Helena location with a strong rental history. Each unit features an open-concept floor plan with modern finishes and a warm, neutral color palette. The kitchens are appointed with granite countertops, stainless steel appliances, ample cabinetry, and spacious pantries. The main level also includes a convenient half bath and direct access to the private backyard. Upstairs, each unit offers three comfortable bedrooms, including a spacious primary suite with ensuite bath, plus two additional bedrooms, a full bathroom, and conveniently located laundry. Single-car attached garages provide added convenience and storage. Private backyards showcase mountain views, creating a peaceful retreat while still being close to shopping, dining, schools, and outdoor recreation. The property size is 3092 square feet.
Key Highlights
- Income‑producing duplex in central Helena with a strong rental history.
- Two well‑maintained units, each with 3 beds/2.5 baths and modern finishes.
- Open‑concept floor plan with stylish kitchens featuring granite countertops and stainless steel appliances.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,927
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$558,540
$558.5K
Cap Rate 7%
$398,957
$399.0K
Cap Rate 9%
$310,300
$310.3K
Market Conditions
NOI Build-Up for 3,092 SF
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.
Gross rent
$42.7K $13.80/SF
− Vacancy
−$2.8K −$0.90/SF
EGI
$39.9K $12.90/SF
− OpEx
−$12.0K −$3.87/SF
NOI
$27.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$558,540
Cap Rate 7%
$398,957
Cap Rate 9%
$310,300
Alternative Uses
Best Use
Multifamily LT 5
$399.0K
$349.1K – $465.5K
NOI $27,927 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$373.9K
$327.2K – $436.2K
NOI $26,172 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$671.7K
$587.7K – $783.6K
NOI $47,018 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Explore this area
Business Placement
Demographics for 59602, MT
29,390
Population
12,091
Households
2.4
Avg Household Size
42
Median Age
39%
College-Educated
94%
High-School Grad
524.3 sq mi
ZIP Area
56
Density / Sq Mi
$87,841
Median Household Income
$49,580
Median Earnings
$1,291
Median Rent
$369,800
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?
Duplex - Duplex with 3 bed/2.5 bath units, central location, strong rental history.
Where is this duplex located?
The property is located at 3686 Travertine Way A-B Helena, MT.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Income‑producing duplex in central Helena with a strong rental history.; Two well‑maintained units, each with 3 beds/2.5 baths and modern finishes.; Open‑concept floor plan with stylish kitchens featuring granite countertops and stainless steel appliances.
