500 20Th Ave Bozeman, MT 59718

This well-maintained, two-story fourplex in Bozeman, Montana, presents a compelling investment opportunity. Located at 500 S 20th Ave, in the Kirk Subdivision, this 3,368 square foot property, built in 1976, offers four units: two three-bedroom units and two two-bedroom units. Each unit boasts private laundry and two dedicated off-street parking spaces. Recent upgrades include new flooring and, in some units, new windows. The property sits on a ground lease and is zoned R3. Approved condo documents allow for individual unit sales. Current rental rates are $1,800 for Units 1 & 3, and $1,600 for Units 2 & 4. The asking price is $1,175,000, or $293,750 per unit, representing a price per square foot of $348.87. Its proximity to Montana State University makes it ideal for student housing or a long-term rental investment. This property offers a blend of comfort, convenience, and strong income potential, making it an attractive addition to any investment portfolio. The property's location provides easy access to local amenities, shopping, dining, and entertainment.