New 2023 Fourplex
For Sale
Contact for pricing
93 W Jefferson, Belgrade, MT 59714
Four-unit property built in 2023 with private laundry and attached one-car garages, fully rented for immediate income.
Property Size6,088 SF
Price / SF$254.60
Days on Market158
Property Features for 93 W Jefferson
General Information
Standard status
Active
Size
6,088 SF
Total Parking Spaces
8
Property subtype
Multifamily
Zoning
MR
Occupancy
100%
Investment Type
Stabilized
Additional Details
Multifamily Units
4
Building Details
Year Built
2023
Buildings
1
Stories
3
Units
4
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Montana Properties
Listed By:
Claire Gillam · License #MT
(406) 581-4070
Source:
Crexi
Added: May 1
Changed: Sep 21
Last Checked: Oct 4 at 9:42AM
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 Berkshire Hathaway HomeServices Montana Properties
Investment Insights
Based on property information with market context.
Built in 2023, this fourplex contains four spacious units, each offering 3 bedrooms and 2.5 bathrooms. Every unit includes a private laundry room and an attached one-car garage. The property is fully rented, with three units leased at $2,375 per month and one unit leased at $2,200 per month.
Located at 93 W Jefferson in Belgrade, Montana, the building is described as being in the heart of downtown Belgrade, with proximity to local amenities, shopping, dining, parks, and commuting routes.
With newer construction and an existing rental structure in place, the property is positioned for an investor seeking a turnkey fourplex setup.
Located at 93 W Jefferson in Belgrade, Montana, the building is described as being in the heart of downtown Belgrade, with proximity to local amenities, shopping, dining, parks, and commuting routes.
With newer construction and an existing rental structure in place, the property is positioned for an investor seeking a turnkey fourplex setup.
Key Highlights
- Fourplex built in 2023 with four units, each with 3 bedrooms and 2.5 bathrooms
- Fully rented for immediate income: three units at $2,375/month and one unit at $2,200/month
- Each unit includes a private laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,624
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,372,480
$1.4M
Cap Rate 7%
$980,343
$980.3K
Cap Rate 9%
$762,489
$762.5K
Market Conditions
NOI Build-Up for 6,088 SF
Gross rent
$103.7K $17.04/SF
− Vacancy
−$5.7K −$0.94/SF
EGI
$98.0K $16.10/SF
− OpEx
−$29.4K −$4.83/SF
NOI
$68.6K $11.27/SF
Area
Gallatin County, MT
Vacancy
5.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,372,480
Cap Rate 7%
$980,343
Cap Rate 9%
$762,489
Alternative Uses
Best Use
Multifamily LT 5
$980.3K
$857.8K – $1.14M
NOI $68,624 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$910.7K
$796.8K – $1.06M
NOI $63,747 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,279 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
Explore this area
Business Placement
Demographics for 59714, MT
22,333
Population
10,043
Households
2.2
Avg Household Size
35
Median Age
37%
College-Educated
97%
High-School Grad
418.2 sq mi
ZIP Area
53
Density / Sq Mi
$89,217
Median Household Income
$47,587
Median Earnings
$1,558
Median Rent
$490,000
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property built in 2023 with private laundry and attached one-car garages, fully rented for immediate income.
Where is this quadplex located?
The property is located at 93 W Jefferson Belgrade, MT.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Fourplex built in 2023 with four units, each with 3 bedrooms and 2.5 bathrooms; Fully rented for immediate income: three units at $2,375/month and one unit at $2,200/month; Each unit includes a private laundry room
