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10-Unit Apartment Building
For Sale
$675,000

518 W Jefferson Avenue, Chester, MT 59522

ResidentialIncome, MultiLevel, TriLevel, Chester, MT

Property SizeContact for details
Lot Size0.66 Acres
Days on Market222

Property Features for 518 W Jefferson Avenue

General Information

Property type Residential Multi Family
Property subtype Apartment
Zoning Commercial
Zoning description 6
Parking features Assigned
Directions .
Standard status Active
APN 48443120409060000
Lot size 0.66 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description GAGNON ADDITION (CHESTER), S20, T32 N, R06 E, BLOCK 004, LOT 24A AMD PLAT #10820 TOWNHOUSES 10-PLEX
Tax Annual Amount 4059
Legal Description GAGNON ADDITION (CHESTER), S20, T32 N, R06 E, BLOCK 004, LOT 24A AMD PLAT #10820 TOWNHOUSES 10-PLEX

Utilities

Sewer type Public Sewer
Heating system Baseboard, Electric (Heating)
Water source Public

Building Details

Year built 1981
Number of units 10
Roof type Asphalt
Architectural style Other
Listing Agency: Keller Williams Northern MT · Keller Williams Realty
Listed By: Seth Haak · License #RRE-BRO-LIC-136121
Added: Feb 5 Changed: Sep 10 Last Checked: Sep 15 at 1:06AM
MLS# 30064890

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.

This apartment property includes 10 units arranged in a defined two-bedroom and one-bedroom mix. Eight units offer 2 bedrooms and 1.5 baths, while the remaining 2 units provide 1 bedroom and 1.5 baths. The building was constructed in 1981 and features electric baseboard heating, an asphalt roof, and assigned parking.

Situated on 0.66 acres at 518 W Jefferson Avenue in Chester, Montana, the property is served by public water and public sewer. Commercial zoning is in place, providing the land-use designation associated with the existing apartment asset.

Key Highlights

  • 10‑unit apartment property with 8 two‑bedroom units and 2 one‑bedroom units
  • Eight units include 2 bedrooms and 1.5 baths; 2 units include 1 bedroom and 1.5 baths
  • 0.66‑acre site at 518 W Jefferson Avenue, Chester, MT 59522

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Plumbing Service HVAC Service Grocery & Convenience Store Auto Parts Store Kitchen & Bath Showroom

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

10
Residential units

Location Intelligence

Trade Area within ½ mile

145
Businesses Nearby

Demographics for 59522, MT

1,371
Population
529
Households
2.6
Avg Household Size
46
Median Age
31%
College-Educated
79%
High-School Grad
821.9 sq mi
ZIP Area
2
Density / Sq Mi
$54,583
Median Household Income
$45,804
Median Earnings
$657
Median Rent
$132,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Apartment building - Commercial zoning, assigned parking, and public utilities support the property’s existing apartment configuration.
Where is this apartment building located?
The property is located at 518 W Jefferson Avenue Chester, 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: 10‑unit apartment property with 8 two‑bedroom units and 2 one‑bedroom units; Eight units include 2 bedrooms and 1.5 baths; 2 units include 1 bedroom and 1.5 baths; 0.66‑acre site at 518 W Jefferson Avenue, Chester, MT 59522
More about this property
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