Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    919 Mineral Ave Libby, MT 59923

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    15-Unit Multifamily Investment Opportunity

    Property Features for 919 Mineral Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Units
    15

    We can help!

    Listing Contact
    Ashley Miner

    Listing Agency: CENTURY 21 Summit Realty Listing Agent: Ashley Miner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 15-unit apartment complex, located at 919 Mineral Ave, Libby, MT 59923, presents a compelling investment opportunity. Formerly a motel, this property offers significant potential for renovation and value enhancement. The complex boasts spacious units with roomy layouts, ripe for modernization and increased rental income. A manager's quarters is included on-site, ideal for on-site management or as an additional rental unit. The property's prime downtown location provides easy access to local parks and attractions. Both buildings feature an unfinished basement, presenting further potential for development and additional rentable space. The current cap rate is 4%. This multifamily property, categorized as both apartment building and commercial, is listed at $1,800,000. The property is a blank canvas, ready for your vision, whether that involves renovations to increase rental income or conversion to a different use. More photos are forthcoming.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Granite Studios Hotel & Motel Evergreen Extension Hotel & Motel The Royal Wolf Lodge Hotel & Motel The Janitorial & Construction Cleaning ... Hardware & Home Improvement

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Libby
    County
    Lincoln
    State
    Montana
    Longitude
    -115.5552791
    Latitude
    48.3873774

    Nearby Similar for Sale

    • $565,000
      7,200 SF

      Downtown Libby Retail Opportunity

      7,200 sq ft commercial building in downtown Libby, Montana.
      520 Mineral Ave, Libby, MT 59923
      View Details
    • $895,000
      0.27 Acres

      Libby, MT Income Property

      Well-maintained apartments in a prime commercial location with income potential.
      505 E 10Th St, Libby, MT 59923
      View Details
    • $300,000
      1,632 SF

      Libby Commercial Building - Great Potential

      1632 sq ft, corner lot, versatile zoning.
      206 6Th St, Libby, MT 59923
      View Details
    • $749,000
      8,100 SF

      Prime Libby RV Park & Storage

      Montana RV Park with Storage Units
      11749 Mt Highway 37, Libby, MT 59923
      View Details
    • $2,200,000
      7,240 SF

      Libby Hotel: 16 Units, High ROI

      Profitable Montana Hotel - Excellent Investment
      31901 Us Highway 2, Libby, MT 59923
      View Details
    • Contact for pricing
      980 SF

      Well-Maintained Manufactured Home in Quiet Park

      2-bedroom, 1-bath manufactured home in a quiet, owner-occupied park.
      506 Park St, Libby, MT 59923
      View Details
    • $1,800,000
      5,360 SF

      919 Mineral Ave, Libby, MT 59923

      Commercial real estate • 5,360 SF
      919 Mineral Ave, Libby, MT 59923
      View Details
    • $324,900
      6,675 SF

      Libby Commercial Property w/Acreage

      Spacious Commercial Building & Home on 1.83 Acres
      28132 Us Highway 2, Libby, MT 59923
      View Details
    • $1,800,000

      Downtown Libby Hotel Investment

      Prime Libby Hotel: Huge Potential!
      919 Mineral Ave, Libby, MT 59923
      View Details
    • $2,200,000

      Libby Hotel: Prime Investment Opportunity

      Montana Hotel - 16 Units, High Occupancy
      31901 Us Highway 2, Libby, MT 59923
      View Details
    • $3,500,000

      Downtown Libby Hotel - Prime Investment

      17-Room Hotel, Top-Rated, High ROI
      808 Mineral Ave, Libby, MT 59923
      View Details
    • $2,400,000
      1.98 Acres

      Libby Restaurant & Storage Complex

      Established business, 2 acres, highway frontage.
      1111 9Th St, Libby, MT 59923
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 15-Unit Multifamily Investment Opportunity
    Where is this multifamily property located?
    The property is located at 919 Mineral Ave Libby, MT.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: 15-unit apartment complex in Libby, MT, offering significant renovation potential.; Spacious units with room for modernization and increased rental income.; On-site manager's quarters, usable as an additional rental unit.
    (406) 293-5107 Call to check price and availability
    Request Owner's contact information
    919 Mineral Ave Libby, MT 59923
    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.
    919 Mineral Ave
    Libby, MT 59923
    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
    919 Mineral Ave Libby, MT 59923
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ashley Miner
    Real Estate License ID: RRE-RBS-LIC-109160
    (406) 293-5107 (406) 293-0951
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!