514 23rd Ave Bozeman, MT 59718-3963

Property Details for 514 23rd Ave

Year built

1984

Construction

WOOD

Lot size

0.35 lot acres

Property size

2,544 SF

Zone code

6

Property type

Office buildings

APN

06-0798-11-4-18-09-0900

APU

6079811418090900

Description

This exceptional Class A multifamily property, located at 514 & 516 N 23rd Avenue in Bozeman, Montana, presents a lucrative investment opportunity. The 2-story, 2,726 square foot duplex, built in 2001, sits on a 0.24-acre lot and is zoned R2 - Residential Two-Household M. Each of the two units boasts 5 bedrooms and 3 bathrooms, offering a total of 10 bedrooms. The units feature open kitchens, living areas with wood flooring and bay windows, and direct access to a shared backyard with mature trees. The main floor of each unit includes an ensuite master bedroom, two additional bedrooms, and a central bathroom. The lower level provides two more bedrooms, a laundry area, and a bonus room. Recent updates include new carpeting, appliances, hot water heaters, and fresh paint throughout. Exterior improvements include a new roof, gutters, and sprinkler system. The property currently has 50% occupancy and offers 3 parking spaces per unit. This property is ideally situated near parks, schools, Montana State University, shopping, and transportation, making it highly attractive to renters. The asking price is $1,285,000, translating to $235 per square foot. This represents a unique opportunity to acquire a well-maintained, high-demand property in Bozeman's competitive real estate market, suitable for both owner-occupancy and rental income generation. The property's size and layout cater to the underserved affordable housing market for larger families and groups in Bozeman.

Location Insight

City

Bozeman

County

Gallatin

State

Montana

Longitude

-111.067

Latitude

45.6735

CBSA code

14580

CBSA name

BOZEMAN, MT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments