Duplex With Garages and Private
New
For Sale
$259,900
932 Utah, Butte, MT 59701
Two one-bedroom units include in-unit laundry, storage, and individual garage space.
Property Size1,501 SF
Price / SF$173.15
Days on Market6
Property Features for 932 Utah
General Information
Standard status
Active
Size
1,501 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$1,993
Amenities
Garage Spaces: 2
2
Building Details
Year Built
1900
Listing Agency:
Clearwater Montana Properties - Anaconda
(406) 210-6848
Listed By:
Dallas Webb · License #RRE-RBS-LIC-109796
Source:
Clearwaterproperties
Added: Aug 21
Changed: Aug 24
Last Checked: Aug 25 at 10:15AM
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 Clearwater Montana Properties - Anaconda
Investment Insights
Based on property information with market context.
This duplex at 932 Utah Ave includes two one-bedroom, one-bath residences. Each unit has in-unit laundry, a garage space for storage, and access to a small private backyard. Interior storage includes a large closet and pantry, adding practical functionality to both residences.
The 934 side has been recently updated, while the property’s two-unit configuration supports either an owner-occupant arrangement or separate rental use. The address is in Butte, Montana.
The 934 side has been recently updated, while the property’s two-unit configuration supports either an owner-occupant arrangement or separate rental use. The address is in Butte, Montana.
Key Highlights
- Two 1‑bedroom, 1‑bath units
- In‑unit laundry in both residences
- Garage space assigned to each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,004
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$200,080
$200.1K
Cap Rate 7%
$142,914
$142.9K
Cap Rate 9%
$111,156
$111.2K
Market Conditions
NOI Build-Up for 1,501 SF
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.
Gross rent
$15.3K $10.20/SF
− Vacancy
−$1.0K −$0.68/SF
EGI
$14.3K $9.52/SF
− OpEx
−$4.3K −$2.86/SF
NOI
$10.0K $6.67/SF
Area
Silver Bow County, MT
Vacancy
6.65%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$200,080
Cap Rate 7%
$142,914
Cap Rate 9%
$111,156
Alternative Uses
Best Use
Multifamily LT 5
$142.9K
$125.1K – $166.7K
NOI $10,004 @ 7.0% cap · market cap 3.85%
Second Best
Apartment 5plus
$131.6K
$115.2K – $153.6K
NOI $9,213 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$327.1K
$286.2K – $381.7K
NOI $22,899 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
833
Businesses Nearby
Explore this area
Business Placement
Demographics for 59701, MT
33,937
Population
16,834
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
94%
High-School Grad
509.7 sq mi
ZIP Area
67
Density / Sq Mi
$56,799
Median Household Income
$34,793
Median Earnings
$811
Median Rent
$219,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom units include in-unit laundry, storage, and individual garage space.
Where is this duplex located?
The property is located at 932 Utah Butte, MT.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Two 1‑bedroom, 1‑bath units; In‑unit laundry in both residences; Garage space assigned to each unit
