Property profile

3143 Catron St Bozeman, MT 59718

OFF-MARKET
Land
0.39 ac lot
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Property summary

AI-generated overview

This exceptional 0.389-acre lot in Bozeman's desirable Cattail Creek neighborhood presents a prime multifamily development opportunity. Currently zoned R-3, this level lot boasts city water, sewer, natural gas, and power already stubbed to the site, simplifying the development process. Preliminary plans explored by the current owners suggest the potential for a four-plex featuring four 2,500+ square foot units, each with four bedrooms, 2.5 bathrooms, an office, a yard, and a two-car garage. However, based on recent approvals for similar lots in the area, the potential exists for up to six units – buyers are encouraged to conduct their own due diligence to verify permitted unit counts. The property's convenient location offers easy access to a wealth of restaurants, shopping, services, and amenities. This property is being offered at $599,000. Note that purchasing this lot in conjunction with the neighboring lot (MRMLS # 30033031) could potentially allow for a larger 12-unit project. All information should be independently verified by prospective buyers.

Property profile

Verified
Property type Land
Lot 0.39 ac (16,945 SF)

Cap rate & NOI

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

Location

3143 Catron St Bozeman, MT 59718
Bozeman metro
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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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