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Property profile & analytics
FOR SALE
Garden apartment buildings
919 Mineral Ave Libby, MT 59923
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US52-0553797
For Sale
1 / 61
$1,700,000
919 Mineral Ave, Libby, MT 59923
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Property summary
AI-generated overview
This exceptional 15-unit apartment complex, located at 919 Mineral Ave, Libby, MT 59923, presents a compelling investment opportunity. Formerly a motel, this property offers significant potential for renovation and value enhancement. The complex boasts spacious units with roomy layouts, ripe for modernization and increased rental income. A manager's quarters is included on-site, ideal for on-site management or as an additional rental unit. The property's prime downtown location provides easy access to local parks and attractions. Both buildings feature an unfinished basement, presenting further potential for development and additional rentable space. The current cap rate is 4%. This multifamily property, categorized as both apartment building and commercial, is listed at $1,800,000. The property is a blank canvas, ready for your vision, whether that involves renovations to increase rental income or conversion to a different use. More photos are forthcoming.
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1946
Construction
WOOD
Total area
2,680 SF
Lot
0.22 ac (9,540 SF)
APN
56-4175-03-3-18-09-0000
UPID
US52-0553797
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
Current use
Occupant on record · Public records
-
Granite Studios Hotel & Motel
-
Evergreen Extension Hotel & Motel
-
The Royal Wolf Lodge Hotel & Motel Bed & Breakfast
-
The Janitorial & Construction Cleaning Co. llc Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Matthew D Hill · 9 yrs held
Matthew D Hill
since 2017
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Libby submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Libby submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,581
Tax year 2023
Assessed value
$291,000
Assessed 2023
Previous assessed
$291,000
+0.0% YoY
Effective rate
0.89%
On assessed value
Land market value
$51,239
Improvement market value
$239,761
Total market value
$291,000
Applied tax rate
521.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
For Sale
Year built
1946
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
6
Total area
2,680 SF
Lot
0.22 ac (9,540 SF)
APN
56-4175-03-3-18-09-0000
UPID
US52-0553797
Jurisdiction
LINCOLN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1946
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
6
Lot
0.22 ac
Current owner
From public records · entity-resolved
Matthew D Hill
Individual
Mailing address
808 MINERAL AVE, LIBBY, MT 59923-1923
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2017
—
Matthew D Hill
—
Deed
related
$365,772 · Whitefish Cu
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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