Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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