Duplex with Central Air &
805 & 807 W 3rd Street Laurel, MT 59044
805 & 807 W 3rd Street, Laurel, MT, 59044
$435,000
For Sale
Under Contract
$435,000
MULTI_FAMILY - Laurel, MT
Property Size2,550 SF
Lot Size0.19 Acres
Price / SF$170.59
Days on Market43
Property Features for 805 & 807 W 3rd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Rooms
- Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 5
- Parking
- 2
- Standard status
- Active Under Contract
- APN
- B03231
- Size
- 2,550 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Description
- MACE SUB, S08, T02 S, R24 E, BLOCK 1, Lot
- Tax Annual Amount
- 2497
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2013
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- VinylSiding
- Roof type
- Asphalt, Shingle
Listing agency
406 Realty Group, LLC
6722450
Listed by
Shelly Harris · License #RRE-BRO-LIC-30886
(406) 672-2450
Added: Jun 9 Updated: Jul 18 at 9:19AM Checked: Jul 21 at 7:06PM
MLS# 359783
Copyright © 2026 Billings Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex offers two separate residential units with practical, livable layouts. The upstairs unit features three bedrooms and two bathrooms, including a primary suite. The lower unit includes three bedrooms and one bathroom, with a primary bedroom area that connects directly to the bath. Both units provide nice living areas, spacious kitchens, and well-sized bedrooms. For in-home convenience, each unit includes washer/dryer hookups, central air for cooling, and gas forced air heat.
The property includes garage and driveway parking for residents, along with yard space equipped with underground sprinklers. The listing notes that the provided photos are of the upper unit only.
The configuration makes this a strong fit for an owner-occupant looking to live in one unit while renting the other, or for an investor seeking two self-contained rental opportunities. With each unit offering similar core amenities—central air, gas forced air heat, and washer/dryer hookups—tenants may value the day-to-day comfort and functionality. Buyer and agent are encouraged to verify all details during due diligence.
The property includes garage and driveway parking for residents, along with yard space equipped with underground sprinklers. The listing notes that the provided photos are of the upper unit only.
The configuration makes this a strong fit for an owner-occupant looking to live in one unit while renting the other, or for an investor seeking two self-contained rental opportunities. With each unit offering similar core amenities—central air, gas forced air heat, and washer/dryer hookups—tenants may value the day-to-day comfort and functionality. Buyer and agent are encouraged to verify all details during due diligence.
Key Highlights
- Duplex built in 2013 with two separate 3‑bedroom/1‑bath and 3‑bedroom/2‑bath units
- Each unit includes in‑unit washer/dryer hookups, central air, and gas forced‑air heat
- Both units feature garage space and driveway parking
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 | $36.4k | $14.28 |
| − Vacancy | −$2.2k | −$0.87 |
| EGI | $34.2k | $13.41 |
| − OpEx | −$10.3k | −$4.02 |
| NOI | $23.9k | $9.39 |
2,550 SF · lease $14.28/SF/yr · vacancy 6.08% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$342.0K
$299.3K – $399.0K
NOI $23,940 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$321.8K
$281.6K – $375.5K
NOI $22,527 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$553.9K
$484.7K – $646.3K
NOI $38,776 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Two 3-bedroom units with central air, in-unit washer/dryer hookups, and garage parking, plus a yard with underground sprinklers.
Where is this duplex located?
The property is located at 805 & 807 W 3rd Street Laurel, MT.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Duplex built in 2013 with two separate 3‑bedroom/1‑bath and 3‑bedroom/2‑bath units; Each unit includes in‑unit washer/dryer hookups, central air, and gas forced‑air heat; Both units feature garage space and driveway parking
