New 2023 Fourplex
93 W Jefferson Belgrade, MT 59714
93 W Jefferson, Belgrade, MT, 59714
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For Sale
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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 Market82
Property Features for 93 W Jefferson
General Information
- Standard status
- Active
- Size
- 6,088 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2023
Listing agency
Berkshire Hathaway HomeServices Montana Properties
(406) 581-4070
Listed by
Claire Gillam · License #MT
Source
Crexi
Added: May 1 Updated: Jul 21 at 12:03PM Checked: Jul 21 at 12:03PM
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
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $103.7k | $17.04 |
| − Vacancy | −$5.7k | −$0.94 |
| EGI | $98.0k | $16.10 |
| − OpEx | −$29.4k | −$4.83 |
| NOI | $68.6k | $11.27 |
6,088 SF · lease $17.04/SF/yr · vacancy 5.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
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
