Laurel Multifamily Property For
For Sale
$1,585,000
921 E 4th St, Laurel, MT 59044
16-unit multifamily property with remodeled and new construction units.
Property Size9,146 SF
Days on Market236
Property Features for 921 E 4th St
General Information
Standard status
Active
Size
9,146 SF
Class
B
Property subtype
Multifamily
Net Operating Income
$118,813
Building Details
Building Size
9,146 SF
Year Built
1907
Listing Agency:
NAI Business Properties
Listed By:
Jake Hedge, CCIM · License #88041
(406) 696-0395
Source:
Naiglobal
Added: Feb 26
Changed: Oct 13
Last Checked: Oct 19 at 4:52AM
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 NAI Business Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property at 921 E 4th St is a 16-unit multifamily property located in Laurel, MT. Constructed in 1907, the building features historic charm. The property includes 5 new construction units, with the remaining 11 units having been remodeled within the last 3 years. The property has a new HVAC system, and major plumbing and electrical upgrades have been completed. The gross scheduled monthly income is $15,830. The property is professionally managed.
Key Highlights
- Strong and reliable income stream due to consistent tenant demand.
- 5 Units are Brand New Construction**
- 11 units recently remodeled within the last 3 years.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,795
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,615,900
$1.6M
Cap Rate 7%
$1,154,214
$1.2M
Cap Rate 9%
$897,722
$897.7K
Market Conditions
NOI Build-Up for 9,146 SF
Gross rent
$156.9K $17.16/SF
− Vacancy
−$10.0K −$1.10/SF
EGI
$146.9K $16.06/SF
− OpEx
−$66.1K −$7.23/SF
NOI
$80.8K $8.83/SF
Area
Yellowstone County, MT
Vacancy
6.40%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,615,900
Cap Rate 7%
$1,154,214
Cap Rate 9%
$897,722
Alternative Uses
Best Use
Apartment 5plus
$1.15M
$1.01M – $1.35M
NOI $80,795 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,078 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
Explore this area
Business Placement
Demographics for 59044, MT
12,099
Population
5,247
Households
2.3
Avg Household Size
41
Median Age
27%
College-Educated
95%
High-School Grad
175.1 sq mi
ZIP Area
69
Density / Sq Mi
$86,011
Median Household Income
$40,535
Median Earnings
$983
Median Rent
$317,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - 16-unit multifamily property with remodeled and new construction units.
Where is this apartment building located?
The property is located at 921 E 4th St Laurel, MT.
What is the asking price?
The asking price for this property is $1,585,000.
What are key features of this property?
This property features: Strong and reliable income stream due to consistent tenant demand.; 5 Units are Brand New Construction**; 11 units recently remodeled within the last 3 years.
