Two-Level Duplex Income
423 S Main Street Three Forks, MT 59752
For Sale
$589,000
Two separate living levels with kitchens, gas stoves, and multiple bedrooms, previously rented as separate units.
Property Size1,972 SF
Price / SF$298.68
Days on Market9
Property Features for 423 S Main Street
General Information
- Standard status
- Active
- Size
- 1,972 SF
Building Details
- Year Built
- 1946
Listing Agency:
AmeriMont Real Estate
(406) 579-9190
Listed By:
Nancy Clark · License #BRO-63331
Source:
Purewestrealestate
Added: Jul 15
Changed: Jul 23
Last Checked: Jul 23 at 6:13PM
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 AmeriMont Real Estate
Investment Insights
Based on property information with market context.
This two-level duplex-style property features a total of approximately 1,972 SF, with two self-contained living areas. The upper level is approximately 1,000± SF and includes three bedrooms, one full bathroom, a spacious living room with a gas stove, and a large kitchen. The lower level is approximately 1,000± SF and includes two bedrooms, one bathroom, a full kitchen, dining area, gas stove, and washer and dryer.
The home is connected to city water and city sewer and is not located in the floodplain. The property has a charming front porch with real wood accents and timeless brick details.
The upper and lower levels were previously rented separately, supporting a proven rental history. Two newer water heaters provide hot water for multiple tenants. The layout also offers the ability to add a stackable washer and dryer upstairs, and the lower level could be modified to include its own private entrance to create two independent living units. There is potential to add an additional third rental unit or building subject to City approval.
The home is connected to city water and city sewer and is not located in the floodplain. The property has a charming front porch with real wood accents and timeless brick details.
The upper and lower levels were previously rented separately, supporting a proven rental history. Two newer water heaters provide hot water for multiple tenants. The layout also offers the ability to add a stackable washer and dryer upstairs, and the lower level could be modified to include its own private entrance to create two independent living units. There is potential to add an additional third rental unit or building subject to City approval.
Key Highlights
- Two separate living levels, each with a kitchen, gas stove, and multiple bedrooms—previously rented separately with a proven rental history.
- Approximately 1,000± SF upper level: 3 bedrooms, 1 full bathroom, spacious living room with gas stove, and large kitchen.
- Approximately 1,000± SF lower level: 2 bedrooms, 1 bathroom, full kitchen, dining area, gas stove, and washer and dryer.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.6k | $17.04 |
| − Vacancy | −$1.8k | −$0.94 |
| EGI | $31.8k | $16.10 |
| − OpEx | −$9.5k | −$4.83 |
| NOI | $22.2k | $11.27 |
1,972 SF · lease $17.04/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$317.5K
$277.9K – $370.5K
NOI $22,228 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$295.0K
$258.1K – $344.2K
NOI $20,649 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$514.9K
$450.6K – $600.8K
NOI $36,045 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two separate living levels with kitchens, gas stoves, and multiple bedrooms, previously rented as separate units.
Where is this duplex located?
The property is located at 423 S Main Street Three Forks, MT.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Two separate living levels, each with a kitchen, gas stove, and multiple bedrooms—previously rented separately with a proven rental history.; Approximately 1,000± SF upper level: 3 bedrooms, 1 full bathroom, spacious living room with gas stove, and large kitchen.; Approximately 1,000± SF lower level: 2 bedrooms, 1 bathroom, full kitchen, dining area, gas stove, and washer and dryer.
