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Duplex With Approved Expansion Plans
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509/511 N 16th, Bozeman, MT 59715

Two-unit property with R3 zoning, onsite laundry, shared garage space, and approved plans for an additional structure.

Property SizeContact for details
Lot Size0.26 Acres
Days on Market143

Property Features for 509/511 N 16th

General Information

Standard status Active
Lot size 0.26 Acres
Property subtype Multifamily
Zoning R3
Occupancy 100%

Units

Unit Mix 2 x 3BR/1BA
Multifamily Units 2

Amenities

on-site laundry
Listing Agency: Outlaw Realty
Listed By: Graham Miles · License #RRE-BRO-LIC-108402
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 7:54AM

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 Outlaw Realty

Investment Insights

Based on property information with market context.

This duplex includes two three-bedroom, one-bath residences, each with onsite laundry, a generously sized kitchen, and a dedicated dining area. Living rooms feature views toward the Bridger range. The units share garage space that can support storage or parking, with additional street, alley, and off-street parking available. Both residences are leased annually and have been maintained through a property management company, with recent updates noted.

The property occupies an 11,200-square-foot parcel with R3 zoning. Approved plans for a third structure are included, with the City of Bozeman approval, a valid permit, and impact fees already paid. The planned addition is designed for alley access, additional off-street parking, and a two-car garage.

Key Highlights

  • 11,200‑square‑foot R3‑zoned parcel at 509/511 N 16th, Bozeman, MT 59715
  • Two residences, each with 3 bedrooms and 1 bath
  • Both units leased annually and maintained through a property management company

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store Electrical Service Storage Facility Plumbing Service Carpet & Flooring Store

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

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,365
Businesses Nearby

Demographics for 59715, MT

37,286
Population
17,116
Households
2.2
Avg Household Size
30
Median Age
68%
College-Educated
98%
High-School Grad
294.9 sq mi
ZIP Area
126
Density / Sq Mi
$85,000
Median Household Income
$31,646
Median Earnings
$1,376
Median Rent
$755,300
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?
Duplex - Two-unit property with R3 zoning, onsite laundry, shared garage space, and approved plans for an additional structure.
Where is this duplex located?
The property is located at 509/511 N 16th Bozeman, MT.
What are key features of this property?
This property features: 11,200‑square‑foot R3‑zoned parcel at 509/511 N 16th, Bozeman, MT 59715; Two residences, each with 3 bedrooms and 1 bath; Both units leased annually and maintained through a property management company
(406) 995-2404 Call to check price and availability
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