2 Competition Phase 2, Hamilton, MT 59840
This exceptional investment opportunity presents a 32-unit apartment building in Hamilton, Montana's desirable FairPark development. Phase Two is ready for immediate development, with all necessary approvals and permits already secured. Building on the success of the highly sought-after Phase One units, which are popular as both primary and secondary residences, this project offers significant potential for strong returns. The property boasts a central location within walking or biking distance of numerous shops, restaurants, and the local hospital, providing convenient access to amenities and major employers in the Bitterroot Valley. The developer has completed the extension of Skeels Avenue, enhancing accessibility with added on-street parking for both phases. This turnkey project includes common areas and ample parking, making it an ideal acquisition in the beautiful Bitterroot Valley. The 0-acre lot is situated in Ravalli County, Montana, with a zip code of 59840. The asking price for this multifamily property is $1,920,000. Don't miss this chance to capitalize on a thriving market and a well-planned development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.