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Victorian Fourplex with Separate Metering
For Sale
$675,000

407 Madison Avenue, Helena, MT 59601

MULTI_FAMILY - Helena, MT

Property SizeContact for details
Lot Size0.17 Acres
Days on Market18

Property Features for 407 Madison Avenue

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Zoning description R-3
Directions 407 Madison, follow google
Standard status Active
APN 05188725425050000
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description STOREY, S25, T10 N, R04 W, BLOCK 22, Lot 3
Tax Annual Amount 4040
Legal Description STOREY, S25, T10 N, R04 W, BLOCK 22, Lot 3

Building Details

Year built 1880
Number of units 4
Listing Agency: Keller Williams Capital Realty · Keller Williams Realty
Listed By: Jeff Barber · License #RRE-BRO-LIC-109439
Added: Jul 24 Changed: Aug 10 Last Checked: Aug 10 at 2:06PM
MLS# 30075490

Copyright © 2026 Montana Regional 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.

Converted Victorian in the Mansion District, built in 1880, offering four rental units within a fourplex configuration. Each unit is separately metered, and the owner covers the water service.

The property includes off-street parking available in the rear. Set on a 0.172-acre lot, it is positioned just minutes from downtown Helena for shopping, dining, entertainment, and trails.

The home is described as well maintained, with a strong rental history that includes one long-term tenant of more than a decade. The flexible layout also supports an owner-occupant scenario where two units could be combined for a larger residence while leasing the remaining two units.

Key Highlights

  • Fourplex converted from a Victorian, built in 1880
  • Each unit separately metered; owner covers water service
  • Off‑street parking available in the rear

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Auto Parts Store Garden Center (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Electrical Service Locksmith

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

4
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,682
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Converted Victorian fourplex with separately metered units and rear off-street parking; owner covers water service.
Where is this quadplex located?
The property is located at 407 Madison Avenue Helena, MT.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Fourplex converted from a Victorian, built in 1880; Each unit separately metered; owner covers water service; Off‑street parking available in the rear
More about this property
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