12-Unit Apartment Building with
For Sale
$2,030,000
721 / 735 Hobson Avenue, Butte, MT 59701
R3-zoned multifamily property includes covered parking and a separate on-site storage component.
Property SizeContact for details
Days on Market9
Property Features for 721 / 735 Hobson Avenue
General Information
Standard status
Active
Property subtype
Residential Income
Zoning
R-3
Occupancy
100%
Units
Unit Mix
12 x 2BR/1BA
Multifamily Units
12
Additional Details
Cap Rate
7%
Building Details
Year Built
1996
Units
12
Listing Agency:
McLeod Real Estate Group
(406) 494-3122
Listed By:
Mike McLeod · License #8291
Source:
Purewestrealestate
Added: Aug 23
Changed: Aug 27
Last Checked: Aug 30 at 12:56PM
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 McLeod Real Estate Group
Investment Insights
Based on property information with market context.
Built in 1996, this R3-zoned apartment property contains 12 residential units, each configured with two bedrooms and one bathroom. The apartments are fully occupied and are supported by dedicated covered parking. An additional 30 storage units are located on site, providing a separate income component alongside the residential operations.
The property is located at 721 / 735 Hobson in Butte, Montana, with shopping, dining, and recreational opportunities identified nearby. The combination of established apartment occupancy, consistent unit layouts, covered parking, and on-site storage creates a straightforward multifamily configuration. The offering reflects a 7 cap rate.
The property is located at 721 / 735 Hobson in Butte, Montana, with shopping, dining, and recreational opportunities identified nearby. The combination of established apartment occupancy, consistent unit layouts, covered parking, and on-site storage creates a straightforward multifamily configuration. The offering reflects a 7 cap rate.
Key Highlights
- 12‑unit apartment property with 12 two‑bedroom, one‑bathroom floor plans
- 30 on‑site storage units provide an additional income component
- Fully occupied residential units
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
Explore this area
Business Placement
Demographics for 59701, MT
33,937
Population
16,834
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
94%
High-School Grad
509.7 sq mi
ZIP Area
67
Density / Sq Mi
$56,799
Median Household Income
$34,793
Median Earnings
$811
Median Rent
$219,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - R3-zoned multifamily property includes covered parking and a separate on-site storage component.
Where is this apartment building located?
The property is located at 721 / 735 Hobson Avenue Butte, MT.
What is the asking price?
The asking price for this property is $2,030,000.
What are key features of this property?
This property features: 12‑unit apartment property with 12 two‑bedroom, one‑bathroom floor plans; 30 on‑site storage units provide an additional income component; Fully occupied residential units
