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    Modern 4-Plex Built in 2022 Title is generated by Realmo AI

    420 4th Avenue E, Culbertson, MT 59218

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    For Sale
    $825,000

    MULTI_FAMILY - Ranch - Culbertson, MT

    Type:Single Family Residence
    Lot size:
    0.48 Acres
    Added:
    May 1, 2026
    Days on Market:
    23
    Last Refresh:
    May 23 at 12:06 am

    Property Features for 420 4th Avenue E

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Bedrooms
    8
    Rooms
    Bedroom 1, Bedroom 2, Bathroom 7, Bathroom 5, Bedroom 6, Bedroom 5, Bathroom 3, Bathroom 2, Bathroom 1, Bathroom 8, Bedroom 8, Bathroom 4, Bedroom 3, Bedroom 4, Bathroom 6, Bedroom 7
    Parking
    4
    Parking features
    Open
    Patio and Porch features
    Patio, Deck
    Exterior features
    SprinklerIrrigation
    Appliances
    Stove
    Standard status
    Active
    APN
    RCU3716
    Lot size
    0.48 Acres

    Taxes and HOA fees

    Tax Description
    Bruegger Add (Culbertson), S29, T28 N, R56 E, Lots 1 2 & 3 Blk 15

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2021
    Floors in Building
    1
    Number of units
    4
    Building materials
    Hardboard
    Roof type
    Asphalt, Shingle
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Shonna Ruble

    Listing agent Shonna Ruble License #RRE-BRO-LIC-39364

    Listing office LPT Realty 2550 Enterprise Avenue, Billings, MT

    Listing date May 1, 2026

    MLS# 355352 Listing URL

    Copyright © 2026 Billings Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Four identical units, each with 2 bedrooms and 2 full baths
    • Newly constructed in 2022, ensuring modern amenities
    • Spacious 1104 sq ft units with open floor plans and large kitchens
    • Includes essential appliances: dishwasher, washer, dryer, oven range, and refrigerator in each unit
    • Oversized garage and ample parking with 12 off‑street spaces
    • Accessibility features including handicapped‑accessible showers and wheelchair‑accessible thresholds

    Overview

    This 4-plex, completed in 2022, features four identical units, each offering 1104 square feet of living space. Each unit includes two bedrooms and two full baths, along with a front patio. Kitchens are equipped with a dishwasher, washer, dryer, oven range, and refrigerator. The open floor plan enhances the spacious feel, integrating large kitchens with dining and living room areas. The property includes an oversize garage and sits on a 0.482-acre lot. There are 12 off-street parking spaces available. The property features handicapped-accessible or barrier-free showers. All outside doors have wheelchair-accessible thresholds. The garage doors measure 8' high by 10' wide. This multi-family property is located in Culbertson, Montana.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Supermarket Clothing & Fashion Store Clothing & Fashion Store Auto Parts Store Furniture & Home Goods Clothing & Fashion Store (Bike/Boat/Book/etc) Store Restaurant (Bike/Boat/Book/etc) Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Culbertson
    County
    Roosevelt
    State
    Montana
    Longitude
    -104.53
    Latitude
    48.1825

    FAQs

    What type of property is this?
    Quadplex - Four identical units, each with two bedrooms and two baths.
    Where is this quadplex located?
    The property is located at 420 4th Avenue E Culbertson, MT.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: Four identical units, each with 2 bedrooms and 2 full baths; Newly constructed in 2022, ensuring modern amenities; Spacious 1104 sq ft units with open floor plans and large kitchens
    (406) 839-6428
    We can help!
    Listing Contact
    Shonna Ruble
    Real Estate License ID: RRE-BRO-LIC-39364
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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