Two-Unit Duplex with
929 and 931 Cannon, Helena, MT 59601
For Sale
$450,000
Pending
Two matching residences each include private outdoor space and an individual garage.
Property Size1,680 SF
Days on Market10
Property Features for 929 and 931 Cannon
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Parking per Unit
Taxes and HOA fees
Annual Taxes
Amenities
Garage Spaces: 2
2
Building Details
Year Built
Buildings
Listing Agency:
Keller Williams Capital Realty
Listed By:
Jeff Barber · License MT RRE-BRO-LIC-109439
(406) 422-6647
Source:
Clearwaterproperties
Added: Nov 4
Changed: Nov 12
Last Checked: Nov 12 at 7:48AM
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 Keller Williams Capital Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1963, this duplex contains two identical residences, each with 2 bedrooms, 1 bathroom and 840 square feet. Both units have their own outdoor area and a one-car garage. The exterior has recently been repainted, and the property has been maintained.
The duplex is on Helena’s west side near downtown and Carroll College. It may be purchased alongside the neighboring duplex at 929 and 931 Cannon.
The duplex is on Helena’s west side near downtown and Carroll College. It may be purchased alongside the neighboring duplex at 929 and 931 Cannon.
Key Highlights
- Two matching 2‑bedroom, 1‑bathroom units, each measuring 840 square feet
- One‑car garage and separate outdoor area for each residence
- Built in 1963; exterior recently repainted
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences each include private outdoor space and an individual garage.
Where is this duplex located?
The property is located at 929 and 931 Cannon 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 2‑bedroom, 1‑bathroom units, each measuring 840 square feet; One‑car garage and separate outdoor area for each residence; Built in 1963; exterior recently repainted
