Property profile

8 Fletching Way Belgrade, MT 59714

OFF-MARKET
Apartment buildings
1 SF 0.43 ac lot Built 2024
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Property summary

AI-generated overview

Exceptional investment opportunity in Belgrade, Montana's thriving Jackrabbit Reserve community. This shovel-ready lot (Lot 8, Fletching Way) is zoned B2 - Community Business and offers a unique six-plex development, perfectly situated near Belgrade's town center. The property encompasses 0.43 acres and features 14 buildings, each designed with a live/work concept. Each of the six units boasts over 1200 square feet of main-level shop space, complemented by a luxurious 2-bedroom, 2-bathroom residence above. Built in 2024, this two-story apartment building presents a remarkable opportunity for significant rental income. The property benefits from convenient access to city services, I-90, Bozeman Yellowstone International Airport, and local amenities. The surrounding area includes a public trail system, enhancing the desirability of this exceptional live/work community. Consider purchasing the neighboring Lot 7 to expand your investment to a twelve-plex. This is a rare opportunity to capitalize on Belgrade's continued growth and the high demand for live/work spaces. The asking price is $3,995,000.

Property profile

Verified
Property type Apartment buildings
Year built 2024
Total area 1 SF
Lot 0.43 ac (18,731 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8 Fletching Way Belgrade, MT 59714
Belgrade metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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