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    518 Main Ave Choteau, MT 59422

    Sponsored
    For Sale
    $675,000

    Seven-unit apartment building, Montana.

    Property size:
    5,296 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This charming, beautifully renovated 1948 seven-unit apartment building presents a compelling investment opportunity in Choteau, Montana. Located at 518 (also known as 522) Main Avenue North, this centrally located property offers easy access to local shopping and community activities. The 5,296 square foot building sits on a 0.402-acre lot and boasts seven well-maintained units, each retaining its original charm while incorporating tasteful modern updates. The property demonstrates clear pride of ownership, both in the building and its grounds. This multifamily investment is ideal for an investor seeking a strong cash flow, or it could easily accommodate an owner-occupant. The property is zoned for multifamily use. Further details are available upon request. This is a single-story building. The asking price is $675,000. Note that some information in the original listing regarding a different property has been disregarded as it is not relevant to this listing.

    Property Features for 518 Main Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    5,296 SF
    Lot Size
    17,511 SF

    Building Details

    Stories
    1
    Units
    7

    HighLights

    • Seven‑unit apartment building in Choteau, MT.
    • Located at 518 (also 522) Main Avenue North.
    • 5,296 square feet on a 0.402‑acre lot.
    • Asking price: $675,000.
    • Multifamily zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Choteau
    County
    Teton
    State
    Montana
    Longitude
    -112.1873625
    Latitude
    47.8163326

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    FAQs

    What type of property is this?
    Multifamily property - Seven-unit apartment building, Montana.
    Where is this multifamily property located?
    The property is located at 518 Main Ave Choteau, MT.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: Seven-unit apartment building in Choteau, MT.; Located at 518 (also 522) Main Avenue North.; 5,296 square feet on a 0.402-acre lot.
    Request Owner's contact information
    518 Main Ave Choteau, MT 59422
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    Choteau, MT 59422
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    Realmo Value Estimation

    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.

    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.

    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
    518 Main Ave Choteau, MT 59422
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