4-Unit Victorian
For Sale
$630,000
407 Madison Ave, Helena, MT 59601
Each residence has a separate electric meter; the owner covers water and gas service.
Property Size3,500 SF
Price / SF$180
Days on Market100
Property Features for 407 Madison Ave
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Residential Income
Units
Multifamily Units
4
Individually Metered Utilities
electricity
Taxes and HOA fees
Annual Taxes
$4,039
Amenities
off-street parking
Building Details
Construction
Victorian
Listing Agency:
Keller Williams Capital Realty
(406) 449-2181
Listed By:
Jeff Barber · License #RRE-BRO-LIC-109439
(406) 422-6647
Source:
Exprealty
Added: Jul 24
Changed: Oct 27
Last Checked: Oct 30 at 8:08PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Victorian property contains four rental units within 3,500 square feet. Electricity is metered separately for each unit, while the owner pays for water and gas. Off-street parking is located behind the building.
The property is at 407 Madison Ave in Helena, minutes from downtown shopping, dining, entertainment, and trails. Its rental history includes a tenant who remained for more than a decade.
The property is at 407 Madison Ave in Helena, minutes from downtown shopping, dining, entertainment, and trails. Its rental history includes a tenant who remained for more than a decade.
Key Highlights
- Four‑unit Victorian property totaling 3,500 square feet
- Separate electric meters for each unit
- Owner pays water and gas utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,612
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,240
$632.2K
Cap Rate 7%
$451,600
$451.6K
Cap Rate 9%
$351,244
$351.2K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$48.3K $13.80/SF
− Vacancy
−$3.1K −$0.90/SF
EGI
$45.2K $12.90/SF
− OpEx
−$13.5K −$3.87/SF
NOI
$31.6K $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%
$632,240
Cap Rate 7%
$451,600
Cap Rate 9%
$351,244
Alternative Uses
Best Use
Multifamily LT 5
$451.6K
$395.2K – $526.9K
NOI $31,612 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$423.2K
$370.3K – $493.8K
NOI $29,626 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$760.3K
$665.3K – $887.0K
NOI $53,222 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,827
Businesses Nearby
Explore this area
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?
Quadplex - Each residence has a separate electric meter; the owner covers water and gas service.
Where is this quadplex located?
The property is located at 407 Madison Ave Helena, MT.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Four‑unit Victorian property totaling 3,500 square feet; Separate electric meters for each unit; Owner pays water and gas utilities
