Three-Unit Brick
For Sale
Under Contract
$495,000
608 N Davis Street, Helena, MT 59601
ResidentialIncome, Helena, MT
Property Size3,009 SF
Lot Size0.16 Acres
Price / SF$164.51
Days on Market49
Property Features for 608 N Davis Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
1
Rooms
Laundry Room
Directions
608 N Davis St
Standard status
Active Under Contract
APN
05188830421190000
Size
3,009 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
HOBACK AND CANNON ADDN, S30, T10 N, R03 W, BLOCK 609, Lot 3
Tax Annual Amount
4473
Legal Description
HOBACK AND CANNON ADDN, S30, T10 N, R03 W, BLOCK 609, Lot 3
Building Details
Year built
1912
Number of units
3
Listing Agency:
Big Sky Brokers, LLC
(406) 443-1300
Listed By:
Mark Stahly · License #RRE-BRO-LIC-9530
(406) 459-8255
Added: Sep 13
Changed: Oct 30
Last Checked: Oct 31 at 3:06AM
MLS# 30078330
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.
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Investment Insights
Based on property information with market context.
This 3,009-square-foot brick triplex was built in 1912 and contains three apartments: two bedrooms on the main level, two bedrooms upstairs, and one bedroom in the basement. A laundry room is also included. The basement apartment and another unit need some work.
The property occupies a 0.161-acre lot at 608 N Davis Street in Helena, Montana. Its existing three-unit layout could also be converted to a single-family residence.
The property occupies a 0.161-acre lot at 608 N Davis Street in Helena, Montana. Its existing three-unit layout could also be converted to a single-family residence.
Key Highlights
- 3,009‑square‑foot brick building constructed in 1912
- Two‑bedroom apartment on the main floor and another upstairs
- One‑bedroom apartment in the basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,178
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$543,560
$543.6K
Cap Rate 7%
$388,257
$388.3K
Cap Rate 9%
$301,978
$302.0K
Market Conditions
NOI Build-Up for 3,009 SF
Gross rent
$41.5K $13.80/SF
− Vacancy
−$2.7K −$0.90/SF
EGI
$38.8K $12.90/SF
− OpEx
−$11.6K −$3.87/SF
NOI
$27.2K $9.03/SF
Area
Lewis and Clark County, MT
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$543,560
Cap Rate 7%
$388,257
Cap Rate 9%
$301,978
Alternative Uses
Best Use
Multifamily LT 5
$388.3K
$339.7K – $453.0K
NOI $27,178 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$363.9K
$318.4K – $424.5K
NOI $25,470 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$653.7K
$572.0K – $762.6K
NOI $45,756 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,293
Businesses Nearby
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Business Placement
Demographics for 59601, MT
30,848
Population
15,937
Households
1.9
Avg Household Size
41
Median Age
51%
College-Educated
96%
High-School Grad
130.2 sq mi
ZIP Area
237
Density / Sq Mi
$70,502
Median Household Income
$44,000
Median Earnings
$1,023
Median Rent
$355,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - The building includes two-bedroom units on the main and upper floors, plus a one-bedroom basement unit.
Where is this triplex located?
The property is located at 608 N Davis Street Helena, MT.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 3,009‑square‑foot brick building constructed in 1912; Two‑bedroom apartment on the main floor and another upstairs; One‑bedroom apartment in the basement
