Two-Unit Duplex with
New
For Sale
$450,000
925 and 927 Cannon Street, Helena, MT 59601
ResidentialIncome, Helena, MT
Property Size1,680 SF
Lot Size0.14 Acres
Price / SF$267.86
Days on Market2
Property Features for 925 and 927 Cannon Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Zoning description
R-2
Rooms
Laundry Room
Directions
SE corner of Cannon and Lincoln
Standard status
Active
APN
05188725133190000
Size
1,680 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CANNON ADDN, S25, T10 N, R04 W, BLOCK 52, Lot 3 - 4
Tax Annual Amount
3292
Legal Description
CANNON ADDN, S25, T10 N, R04 W, BLOCK 52, Lot 3 - 4
Building Details
Year built
1963
Number of units
2
Listing Agency:
Keller Williams Capital Realty · Keller Williams Realty
(406) 449-2181
Listed By:
Jeff Barber · License #RRE-BRO-LIC-109439
(406) 422-6647
Added: Oct 21
Changed: Oct 22
Last Checked: Oct 22 at 5:06AM
MLS# 30080135
Copyright © 2026 Montana Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1963, this duplex contains two matching residences, each with 840 square feet, two bedrooms, and one bathroom. Both units have individual outdoor space and a one-car garage. The exterior has recently been painted, and the building has been maintained. The property totals 1,680 square feet on a 0.14-acre lot and includes a laundry room.
The duplex is on the west side of Helena, near downtown and Carroll College. Its address is 925 and 927 Cannon Street. Residential zoning applies.
The duplex is on the west side of Helena, near downtown and Carroll College. Its address is 925 and 927 Cannon Street. Residential zoning applies.
Key Highlights
- Two matching 840‑square‑foot units, each with 2 bedrooms and 1 bathroom
- One‑car garage and outdoor space for each unit
- 1,680‑square‑foot building on a 0.14‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,174
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,480
$303.5K
Cap Rate 7%
$216,771
$216.8K
Cap Rate 9%
$168,600
$168.6K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$23.2K $13.80/SF
− Vacancy
−$1.5K −$0.90/SF
EGI
$21.7K $12.90/SF
− OpEx
−$6.5K −$3.87/SF
NOI
$15.2K $9.03/SF
Area
Lewis and Clark County, MT
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,480
Cap Rate 7%
$216,771
Cap Rate 9%
$168,600
Alternative Uses
Best Use
Multifamily LT 5
$216.8K
$189.7K – $252.9K
NOI $15,174 @ 7.0% cap · market cap 3.37%
Second Best
Apartment 5plus
$203.1K
$177.8K – $237.0K
NOI $14,220 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$365.0K
$319.3K – $425.8K
NOI $25,547 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
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Business Placement
Demographics for 59601, MT
30,848
Population
15,937
Households
1.9
Avg Household Size
41
Median Age
51%
College-Educated
96%
High-School Grad
130.2 sq mi
ZIP Area
237
Density / Sq Mi
$70,502
Median Household Income
$44,000
Median Earnings
$1,023
Median Rent
$355,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes two bedrooms, one bathroom, an outdoor area, and a garage.
Where is this duplex located?
The property is located at 925 and 927 Cannon Street Helena, MT.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two matching 840‑square‑foot units, each with 2 bedrooms and 1 bathroom; One‑car garage and outdoor space for each unit; 1,680‑square‑foot building on a 0.14‑acre lot
