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Four-Unit Apartment Property
New
For Sale
$679,000

616 Madison Street, Hamilton, MT 59840

Fully leased residential income property with private laundry and dedicated parking for each residence.

Property Size3,016 SF
Days on Market2

Property Features for 616 Madison Street

General Information

Standard status Active
Size 3,016 SF
Total Parking Spaces 2
Property subtype Residential Income
Zoning 1
Occupancy 100%

Units

Unit Mix 4 x 2BR/1BA
Multifamily Units 4

Additional Details

Road Access Yes

Taxes and HOA fees

Annual Taxes $3,998

Amenities

in-unit laundry

Building Details

Building Size 3,016 SF
Year Built 1966
Units 4
Tenancy Multi
Listing Agency: Glacier Sotheby's International Realty Missoula
Listed By: Jenifer Bain · License #RRE-RBS-LIC-99726
Source: Missionvalleyproperties
Added: Aug 10 Changed: Aug 11 Last Checked: Aug 11 at 6:48AM

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 Glacier Sotheby's International Realty Missoula

Investment Insights

Based on property information with market context.

This 1966 quadplex contains four well-maintained two-bedroom, one-bath units. Each residence includes private laundry, one covered carport space, and one additional uncovered parking space. The property occupies two city lots and is identified at 616 Madison Street and 320 7th Street in Hamilton.

Residents can walk to downtown Hamilton shops, restaurants, parks, and the seasonal farmers market. The property is fully leased and carries zoning designation 1, providing an established multifamily configuration with on-site parking and individual laundry amenities.

Key Highlights

  • Four 2‑bedroom, 1‑bath units in a quadplex configuration
  • Fully leased residential income property
  • Private laundry in each unit

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store Locksmith Catering Service Bakery Veterinary Clinic

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

4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,035
Businesses Nearby

Demographics for 59840, MT

14,466
Population
7,287
Households
2
Avg Household Size
51
Median Age
33%
College-Educated
93%
High-School Grad
537.4 sq mi
ZIP Area
27
Density / Sq Mi
$64,493
Median Household Income
$32,962
Median Earnings
$1,054
Median Rent
$398,800
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?
Quadplex - Fully leased residential income property with private laundry and dedicated parking for each residence.
Where is this quadplex located?
The property is located at 616 Madison Street Hamilton, MT.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath units in a quadplex configuration; Fully leased residential income property; Private laundry in each unit
More about this property
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