Updated Duplex with Private
For Sale
Contact for pricing
8 Old Us Hwy 91, Ulm, MT 59485
Each side features a fully self-contained unit with separate kitchens, private laundry, and separately metered utilities.
Property Size1,980 SF
Price / SF$161.57
Days on Market157
Property Features for 8 Old Us Hwy 91
General Information
Standard status
Active
Size
1,980 SF
Property subtype
Multifamily
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Amenities
private laundry
detached garage
room for chickens
Building Details
Year Built
1900
Stories
2
Listing Agency:
Dascoulias Realty Group
Listed By:
Terral DeMontigny · License #RRE-RBS-LIC-70519
Source:
Crexi
Added: Feb 24
Changed: Jul 23
Last Checked: Jul 25 at 9:16AM
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 Dascoulias Realty Group
Investment Insights
Based on property information with market context.
This updated duplex offers two fully self-contained units, each with its own kitchen, private laundry, and separately metered utilities. The main level unit has two bedrooms and one bath on one level, with new flooring, fresh paint, updated appliances, and tile finishes in the kitchen and bath. A dedicated laundry room adds flexible bonus space that can also be used for an office, workout area, or hobbies.
The upper unit is a spacious two-bedroom, one-bath layout with a large living area, a separate kitchen, and its own laundry. The property is currently operating as a short-term rental, with the option to continue short-term operation or convert to long-term leasing.
Outside, the home offers rural living with room for chickens and includes a detached garage that can be used for parking or storage.
The upper unit is a spacious two-bedroom, one-bath layout with a large living area, a separate kitchen, and its own laundry. The property is currently operating as a short-term rental, with the option to continue short-term operation or convert to long-term leasing.
Outside, the home offers rural living with room for chickens and includes a detached garage that can be used for parking or storage.
Key Highlights
- Two fully self‑contained duplex units, each with its own kitchen, private laundry, and separately metered utilities
- Main level unit: 2 bedrooms, 1 bath, all on one level with new flooring, fresh paint, updated appliances, and tile kitchen and bath
- Dedicated laundry room provides flexible bonus space for an office, workout area, or hobbies
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 | $24.9k | $12.60 |
| − Vacancy | −$1.0k | −$0.53 |
| EGI | $23.9k | $12.07 |
| − OpEx | −$7.2k | −$3.62 |
| NOI | $16.7k | $8.45 |
1,980 SF · lease $12.60/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$239.0K
$209.1K – $278.8K
NOI $16,730 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$216.3K
$189.3K – $252.4K
NOI $15,141 @ 7.0% cap · market cap 4.73%
Theoretical Best
Specialty Retail
$385.3K
$337.2K – $449.6K
NOI $26,973 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Explore this area
Business Placement
Demographics for 59485, MT
879
Population
341
Households
2.6
Avg Household Size
46
Median Age
33%
College-Educated
96%
High-School Grad
56.4 sq mi
ZIP Area
16
Density / Sq Mi
$88,292
Median Household Income
$40,787
Median Earnings
$2,200
Median Rent
$289,000
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?
Duplex - Each side features a fully self-contained unit with separate kitchens, private laundry, and separately metered utilities.
Where is this duplex located?
The property is located at 8 Old Us Hwy 91 Ulm, MT.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Two fully self‑contained duplex units, each with its own kitchen, private laundry, and separately metered utilities; Main level unit: 2 bedrooms, 1 bath, all on one level with new flooring, fresh paint, updated appliances, and tile kitchen and bath; Dedicated laundry room provides flexible bonus space for an office, workout area, or hobbies
