5530 N Montana Avenue, Helena, MT 59602
MULTI_FAMILY - Ranch - Helena, MT
- Added:
- Sep 9, 2025
- Days on Market:
- 301
- Last Refresh:
- Jul 6 at 10:06 am
Property Features for 5530 N Montana Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Standard status
- Active
- APN
- 05188806107330000
- Size
- 3,800 SF
- Lot size
- 0.58 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- COLLEGE ADDN, S06, T10 N, R03 W, BLOCK 8, Lot 10 - 12, (LESS FORESTVALE INTERCHANGE)
- Tax Annual Amount
- 3050
Building Details
- Year built
- 1950
- Floors in Building
- 1
- Number of units
- 1
- Architectural style
- Ranch
Listing agent David Torgerson License #RRE-BRO-LIC-31805 (406) 459-8565
Listing office eXp Realty - Helena 1205 S Main St Ste. 335, Kalispell, MT (406) 578-4399
Listing date Sep 9, 2025
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.
HighLights
- Three separate structures: 2,000sqft home, 600sqft apartment, and 1,200sqft office/work space.
- Rental income potential from apartment and/or office/work space.
- Located outside city limits with high visibility and ample parking for a business.
- Minimal county restrictions and no HOA.
- New well pump and water heater.
- Watered and fenced garden plot with a 10x16 shed.
Overview
The property is located out of city limits and is positioned for business visibility, with ample parking. The remarks note minimal county restrictions on use and no HOA. Additional outdoor improvements include a watered and fenced garden plot and a 10x16 shed.
For tenants, buyers, or operators seeking a flexible live-or-work setup, the structure supports multiple use scenarios, including living in one unit and renting the others. Recent updates include shingles replaced about eight years ago and appliances that are within eight years (with some newer). The well pump and water heater were replaced this year.
Local Financial Insights For Office B
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 | $63.8k | $16.80 |
| − Vacancy | −$9.6k | −$2.52 |
| EGI | $54.3k | $14.28 |
| − OpEx | −$13.6k | −$3.57 |
| NOI | $40.7k | $10.71 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Helena
- County
- Lewis and Clark
- State
- Montana
- Longitude
- -112.021906
- Latitude
- 46.653522
