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    OFF-MARKET
    Land

    3143 Catron St, Bozeman, MT 59718

    0.39 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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