Fourplex with Expanded
701 1st Street Helena, MT 59601
701 1st Street, Helena, MT, 59601
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For Sale
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Fourplex offers three 1-bed/1-bath units plus a studio, situated on a lot larger than typical for a fourplex.
Property Size3,392 SF
Price / SF$215.21
Days on Market33
Property Features for 701 1st Street
General Information
- Standard status
- Active
- Size
- 3,392 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1920
Listing agency
RE/MAX Of Helena
Listed by
Joseph Mueller · License #RRE-BRO-LIC-9223
Source
Crexi
Added: Jun 20 Updated: Jul 21 at 9:24PM Checked: Jul 22 at 7:47AM
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 RE/MAX Of Helena
Investment Insights
Based on property information with market context.
This fourplex provides four residential units, including three 1-bedroom/1-bath apartments and one studio apartment. The property sits on a lot that is described as significantly larger than typical for a fourplex in the area, creating space that could support additional on-site storage, outdoor tenant space, or added parking.
The building is located in a walkable Helena setting near downtown. The location is also described as close to the Mount Ascension trailhead.
The unit mix is straightforward and manageable, and the expanded lot is a key attribute for an owner looking to accommodate more utility on-site or consider future improvements within the property boundaries.
The building is located in a walkable Helena setting near downtown. The location is also described as close to the Mount Ascension trailhead.
The unit mix is straightforward and manageable, and the expanded lot is a key attribute for an owner looking to accommodate more utility on-site or consider future improvements within the property boundaries.
Key Highlights
- Fourplex built in 1920 with three 1‑bedroom/1‑bath units plus a studio apartment
- Lot size is larger than typical for a fourplex in the area, offering room for added parking, storage, or outdoor tenant space
- Multifamily located near downtown Helena
Local Financial Insights For Multifamily LT 5
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 | $46.8k | $13.80 |
| − Vacancy | −$3.0k | −$0.90 |
| EGI | $43.8k | $12.90 |
| − OpEx | −$13.1k | −$3.87 |
| NOI | $30.6k | $9.03 |
3,392 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$437.7K
$383.0K – $510.6K
NOI $30,637 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$410.2K
$358.9K – $478.5K
NOI $28,712 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$736.9K
$644.8K – $859.7K
NOI $51,580 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Fourplex offers three 1-bed/1-bath units plus a studio, situated on a lot larger than typical for a fourplex.
Where is this quadplex located?
The property is located at 701 1st Street Helena, MT.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Fourplex built in 1920 with three 1‑bedroom/1‑bath units plus a studio apartment; Lot size is larger than typical for a fourplex in the area, offering room for added parking, storage, or outdoor tenant space; Multifamily located near downtown Helena
