Quadplex with Garage
520 16th Street N, Great Falls, MT 59401
For Sale
$535,000
Pending
Four garage spaces provide on-site vehicle storage for the four-unit property.
Property Size3,120 SF
Days on Market8
Property Features for 520 16th Street N
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Roe River Realty
Listed By:
Barb Mullens · License MT RRE-BRO-LIC-62830
(406) 799-4032
Source:
Liveinmtrealestate
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 1:33PM
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 Roe River Realty
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Investment Insights
Based on property information with market context.
This four-unit multifamily property in Great Falls, Montana, was built in 1967. Four garage spaces provide on-site vehicle storage. The property is located at 520 16th Street N.
Key Highlights
- Four residential units
- Four garage spaces
- Built in 1967
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,363
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,260
$527.3K
Cap Rate 7%
$376,614
$376.6K
Cap Rate 9%
$292,922
$292.9K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$39.3K $12.60/SF
− Vacancy
−$1.7K −$0.53/SF
EGI
$37.7K $12.07/SF
− OpEx
−$11.3K −$3.62/SF
NOI
$26.4K $8.45/SF
Area
Cascade County, MT
Vacancy
4.20%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,260
Cap Rate 7%
$376,614
Cap Rate 9%
$292,922
Alternative Uses
Best Use
Multifamily LT 5
$376.6K
$329.5K – $439.4K
NOI $26,363 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$340.8K
$298.2K – $397.7K
NOI $23,859 @ 7.0% cap · market cap 4.46%
Theoretical Best
Specialty Retail
$607.2K
$531.3K – $708.4K
NOI $42,503 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
717
Businesses Nearby
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Business Placement
Demographics for 59401, MT
13,030
Population
6,921
Households
1.9
Avg Household Size
39
Median Age
27%
College-Educated
93%
High-School Grad
3.0 sq mi
ZIP Area
4,343
Density / Sq Mi
$53,750
Median Household Income
$33,209
Median Earnings
$767
Median Rent
$206,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four garage spaces provide on-site vehicle storage for the four-unit property.
Where is this quadplex located?
The property is located at 520 16th Street N Great Falls, MT.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Four residential units; Four garage spaces; Built in 1967
