Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Historic Butte Duplex Investment Opportunity Title is generated by Realmo AI

    720 West Granite Street, Butte, MT 59701

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $499,000

    Turn-key, updated historic duplex in uptown Butte near Montana Tech.

    Type:Multifamily
    Property size:
    4,066 SF
    Price / SF:
    $122/SF
    Added:
    Mar 6, 2026
    Days on Market:
    77
    Last Refresh:
    Apr 5 at 11:03 pm

    Property Features for 720 West Granite Street

    General Information

    Standard status
    Active
    Size
    4,066 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1910

    We can help!

    Listing Contact
    Tyler Samson
    Tyler Samson

    Listing agent Tyler Samson License #R​R​E​-​R​B​S​-​L​I​C​-​2​5​4​3​3

    Listing office NAI Business Properties

    Listing date Mar 6, 2026

    Source Naiglobal

    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 NAI Business Properties

    HighLights

    • Turn‑key historic duplex in uptown Butte, offering immediate rental income potential.
    • Two spacious units (2,033 SF each) with three bedrooms, updated bathrooms, and upgraded kitchens featuring stainless steel appliances.
    • Recent major renovations including a durable rubberized roof, updated forced air heating systems, new hot water tanks, and energy‑efficient vinyl windows.
    • Prime location near Montana Tech, restaurants, and entertainment.
    • Strong income potential: recently rented for $1,800/month per unit, with previous short‑term rental history.
    • Features a newly constructed deck, landscaped yard with fire pit, off‑street parking, and a finished basement office/den.

    Overview

    This turn-key historic duplex, designed by architect Charles Lane in 1898, is located in uptown Butte. Originally the Williams Boarding House, the property blends classic charm with modern updates. Each of the two units contains three bedrooms and an updated bathroom with a tile shower, new flooring, fixtures, and vanity. The main level features high ceilings and an open layout with living and dining rooms that retain original touches and finishes. The kitchens have been upgraded with stainless steel appliances, flooring, and paint. Recent renovations include a durable rubberized roof, updated forced air heating systems, new hot water tanks, and energy-efficient vinyl windows. Additional features include a newly constructed deck, landscaped yard with a fire pit, and off-street parking. The basement includes a finished office/den space and storage. The property is located in the heart of uptown Butte, close to Montana Tech, restaurants, and entertainment. The multifamily property has 4,066 square feet, with each unit comprising 2,033 square feet. The units were recently rented for $1,800 per month each and previously used as a short-term rental by the owner. The property includes vaulted ceilings, plank and vinyl flooring, a fenced yard, and appliances including a range, refrigerator, dryer, and washer.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $301.1K
    NOI $27,101 @ 9.00% cap · cautious / downside scenario
    Moderate
    $387.2K
    NOI $27,101 @ 7.00% cap · market / base-case scenario
    Aggressive
    $542.0K
    NOI $27,101 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $41.5k $10.20
    − Vacancy −$2.8k −$0.68
    EGI $38.7k $9.52
    − OpEx −$11.6k −$2.86
    NOI $27.1k $6.67
    4,066 SF · lease $10.20/SF/yr · vacancy 6.65% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $387.2K
    $338.8K – $451.7K (±1% cap)
    NOI $27,101 @ 7.0% cap · market cap 5.43%
    Second Best
    Apartment 5plus
    $356.5K
    $312.0K – $416.0K (±1% cap)
    NOI $24,957 @ 7.0% cap · market cap 5.00%
    Theoretical Best
    Office A
    $886.1K
    $775.4K – $1.03M (±1% cap)
    NOI $62,030 @ 7.0% cap · market cap 12.43%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Butte
    County
    Silver Bow
    State
    Montana
    Longitude
    -112.547
    Latitude
    46.0137

    Nearby Similar for Sale

    • $600,000
      2,941 SF

      Established Butte Business Opportunity

      Iconic Butte business for sale with growth potential.
      1921 Harrison Avenue, Butte, MT 59701
      View Details
    • $1,000,000
      27,600 SF

      Butte Mixed-Use Redevelopment Opportunity

      27,600 sq ft building suitable for commercial, retail, office.
      75 E Park Street E, Butte, MT 59701
      View Details
    • $139,900
      13,650 SF

      Established Bakery-Cafe Franchise Opportunity

      Turnkey bakery-cafe franchise with growth potential in Butte, Montana.
      1803 Harrison Avenue, Butte, MT 59701
      View Details
    • $395,000
      4,890 SF

      Butte Duplex with Historic Charm

      Spacious duplex near hospital, Montana Tech, and uptown Butte.
      205 N Excelsior Avenue, Butte, MT 59701
      View Details
    • $2,750,000
      37,032 SF

      Butte Mixed-Use Commercial Building

      Move-in ready, versatile 37,000+ sq ft commercial building with parking.
      25 W Granite Street W, Butte, MT 59701
      View Details
    • $395,000
      4,890 SF

      Butte Duplex with Historic Charm

      Spacious duplex near hospital, Montana Tech, and uptown Butte.
      205 N Excelsior Avenue, , MT 59701
      View Details
    • $1,999,999

      Uptown Butte Commercial Opportunity

      Expansive 50,000+ sqft space in the heart of Uptown.
      68 W Broadway Street, Butte, MT 59701
      View Details
    • $1,999,999
      51,179 SF

      Uptown Butte Commercial Opportunity

      Expansive 50,000+ sqft property suitable for redevelopment in Butte.
      68 W Broadway Street W, Butte, MT 59701
      View Details
    • $1,000,000

      Butte Commercial Space with Incentives

      Versatile 25,000+ sq ft space in URA Opportunity Zone.
      75 E Park Street, Butte, MT 59701
      View Details
    • $218,880

      Commercial Space in Rudolph Condos

      Flexible commercial spaces in prime Uptown Butte location.
      59 E Park Street A, Butte, MT 59701
      View Details
    • $122,347

      Commercial Space in Rudolph Condos

      Flexible commercial spaces in prime Uptown Butte location.
      59 E Park Street C, Butte, MT 59701
      View Details
    • $3,000,000
      99,999 SF

      Revitalized Mixed-Use Gem in Butte

      Turnkey property with residential units and commercial spaces.
      59 E Park Street, Butte, MT 59701
      View Details

    FAQs

    What type of property is this?
    Duplex - Turn-key, updated historic duplex in uptown Butte near Montana Tech.
    Where is this duplex located?
    The property is located at 720 West Granite Street Butte, MT.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Turn‑key historic duplex in uptown Butte, offering immediate rental income potential.; Two spacious units (2,033 SF each) with three bedrooms, updated bathrooms, and upgraded kitchens featuring stainless steel appliances.; Recent major renovations including a durable rubberized roof, updated forced air heating systems, new hot water tanks, and energy‑efficient vinyl windows.
    (406) 294-6309
    We can help!
    Listing Contact
    Tyler Samson
    Tyler Samson
    Real Estate License ID: R​R​E​-​R​B​S​-​L​I​C​-​2​5​4​3​3
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    720 West Granite Street, Butte, MT 59701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!