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

621 & 617 N Rouse Avenue, Bozeman, MT 59715

Two parcels combine existing rentals with RA zoning and municipal utilities.

Property SizeContact for details
Lot Size0.48 Acres
Days on Market4

Property Features for 621 & 617 N Rouse Avenue

General Information

Standard status Active
Lot size 0.48 Acres
Property subtype Multi-Family
Zoning RA

Site & Location

Road Access Yes
Utilities to Site Yes

Additional Details

Multifamily Units 5

Taxes and HOA fees

Annual Taxes $10,181

Building Details

Year Built 1956
Listing Agency: Starner Commercial Real Estate
Listed By: EJ Daws
Source: Outlaw
Added: Aug 17 Changed: Aug 20 Last Checked: Aug 20 at 7:32AM

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 Starner Commercial Real Estate

Investment Insights

Based on property information with market context.

This apartment property comprises two separate parcels spanning six lots and approximately 0.48 acres. The improvements contain five rental units with varied configurations, and the units are occupied. Municipal sewer and water serve the property, which is accessed by paved roads. The existing structures date to 1956, and the site includes views toward mature trees.

Located at 621 & 617 N Rouse Avenue, the property is just outside the Cannery District with access to Main Street, restaurants, coffee shops, farmers markets, parks, Bridger Bowl, and Bozeman’s northeast corridor. RA zoning applies to the property. The combined parcels provide a multifamily holding with existing improvements and a larger assembled land position.

Key Highlights

  • Five occupied rental units across two separate parcels
  • Approximately 0.48 acres comprising 6 lots
  • RA zoning with municipal sewer and water

Property Analytics

Current Use

Apartment buildings

Suggested Use

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

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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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Two parcels combine existing rentals with RA zoning and municipal utilities.
Where is this apartment building located?
The property is located at 621 & 617 N 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: Five occupied rental units across two separate parcels; Approximately 0.48 acres comprising 6 lots; RA zoning with municipal sewer and water
More about this property
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