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Five-Unit Multifamily Property
New
For Sale
$2,025,000

617 & 621 Rouse Avenue, Bozeman, MT 59715

Two parcels offer city utilities and paved road access near central Bozeman.

Property SizeContact for details
Lot Size0.48 Acres
Days on Market3

Property Features for 617 & 621 Rouse Avenue

General Information

Standard status Active
Lot size 0.48 Acres
Property subtype Residential Income
Zoning RA

Site & Location

Road Access Yes
Utilities to Site Yes

Additional Details

Multifamily Units 5

Building Details

Units 5
Listing Agency: Tamara Williams and Company
Listed By: Tamara Williams · License #BRO-53659
Source: Purewestrealestate
Added: Aug 20 Changed: Aug 21 Last Checked: Aug 21 at 6:44AM

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 Tamara Williams and Company

Investment Insights

Based on property information with market context.

The offering combines 621 and 617 Rouse Avenue across two separate parcels totaling 6 lots and approximately 0.48 acres. Five existing rental units are included, with a mix of unit configurations. The property is served by city sewer and water, has paved road access, and carries RA zoning. Units are occupied, and showings require listing-agent accompaniment with a minimum of 24 hours’ notice.

Located just outside the Cannery District, the property provides access to Main Street, restaurants, coffee shops, farmers markets, parks, Bridger Bowl, and Bozeman’s northeast corridor. The two-parcel configuration and existing multifamily improvements create a substantial residential income property offering in central Bozeman. Buyers and their agents are responsible for verifying square footage, zoning, permitted uses, rental income, redevelopment options, and city requirements.

Key Highlights

  • Two separate parcels totaling 6 lots and approximately 0.48 acres
  • Five existing rental units with a mix of unit configurations
  • RA zoning

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Grocery & Convenience Store Locksmith Carpet & Flooring Store Home Appliance Store

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

5
Residential units
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

2,042
Businesses Nearby

Demographics for 59715, MT

37,286
Population
17,116
Households
2.2
Avg Household Size
30
Median Age
68%
College-Educated
98%
High-School Grad
294.9 sq mi
ZIP Area
126
Density / Sq Mi
$85,000
Median Household Income
$31,646
Median Earnings
$1,376
Median Rent
$755,300
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?
Multifamily property - Two parcels offer city utilities and paved road access near central Bozeman.
Where is this multifamily property located?
The property is located at 617 & 621 Rouse Avenue Bozeman, MT.
What is the asking price?
The asking price for this property is $2,025,000.
What are key features of this property?
This property features: Two separate parcels totaling 6 lots and approximately 0.48 acres; Five existing rental units with a mix of unit configurations; RA zoning
More about this property
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