Solid Investment Fourplex
For Sale
$670,000
421 E 15th Street, Helena, MT 59601
Fully occupied fourplex with long-term tenants and separate electric meters.
Property Size3,250 SF
Price / SF$206.15
Days on Market207
Property Features for 421 E 15th Street
General Information
Standard status
Active
Size
3,250 SF
Property subtype
Residential Income
Building Details
Year Built
1971
Stories
2
Units
4
Listing Agency:
Keller Williams Capital Realty
Listed By:
Kathy Brown · License #RRE-RBS-LIC-70986
(406) 459-8045
Source:
Purewestrealestate
Added: Mar 27
Changed: Oct 19
Last Checked: Oct 19 at 3:20AM
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 is a fourplex investment property that is fully occupied with long-term renters. Each unit is equipped with a range and refrigerator, as well as washer and dryer hookups. A large parking area accommodates both tenants and guests. Each unit has separate electric meters. Heat is provided by a hot water gas boiler, with the landlord responsible for the gas bill. The property size is 3250 square feet.
Key Highlights
- Fully occupied 4‑plex providing immediate rental income.
- Long‑term renters in place.
- Separate electric meters for each unit.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,354
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,080
$587.1K
Cap Rate 7%
$419,343
$419.3K
Cap Rate 9%
$326,156
$326.2K
Market Conditions
NOI Build-Up for 3,250 SF
Gross rent
$44.9K $13.80/SF
− Vacancy
−$2.9K −$0.90/SF
EGI
$41.9K $12.90/SF
− OpEx
−$12.6K −$3.87/SF
NOI
$29.4K $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%
$587,080
Cap Rate 7%
$419,343
Cap Rate 9%
$326,156
Alternative Uses
Best Use
Multifamily LT 5
$419.3K
$366.9K – $489.2K
NOI $29,354 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$393.0K
$343.9K – $458.5K
NOI $27,510 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$706.0K
$617.8K – $823.7K
NOI $49,421 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,980
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
Check the figures for this property
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 - Fully occupied fourplex with long-term tenants and separate electric meters.
Where is this quadplex located?
The property is located at 421 E 15th Street Helena, MT.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: Fully occupied 4‑plex providing immediate rental income.; Long‑term renters in place.; Separate electric meters for each unit.
