518 Main N Ave Choteau, MT 59422
This charming, beautifully renovated 1948 seven-unit apartment building presents a compelling investment opportunity in Choteau, Montana. Located at 518 (also known as 522) Main Avenue North, this centrally located property offers easy access to local shopping and community activities. The 5,296 square foot building sits on a 0.402-acre lot and boasts seven well-maintained units, each retaining its original charm while incorporating tasteful modern updates. The property demonstrates clear pride of ownership, both in the building and its grounds. This multifamily investment is ideal for an investor seeking a strong cash flow, or it could easily accommodate an owner-occupant. The property is zoned for multifamily use. Further details are available upon request. This is a single-story building. The asking price is $675,000. Note that some information in the original listing regarding a different property has been disregarded as it is not relevant to this listing.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
1 · Choteau, MTChoteau. Always verify with local authorities before improvements.
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.