Solid Cap Rate! Positioned just minutes from the heart of downtown Hamilton, this well-maintained four-unit property offers a rare blend of location and reliable income. Tenants enjoy easy access to shops, restaurants, and schools—all within walking distance. Fully leased since early 2020, this property has proven to be a consistent performer. The building underwent a substantial renovation in 2011, including upgrades to the electrical, plumbing, insulation, kitchens, bathrooms, and fixtures. The stucco exterior (Drive-It system) and roofing were also replaced at that time. Each unit features individual 100-amp electric and gas meters, plus efficient on-demand hot water. Additional recent updates include new carpet and paint in Unit 101 and a resurfaced parking area with enhanced drainage (2020). An excellent opportunity for investors seeking a fully occupied, low-maintenance asset in one of Montana’s most desirable small towns.
Closed
Price Unknown
245 Marcus St, Hamilton, MT 59840
3beds
3baths
2,626sqft
Quadruplex, Multi Family
Built in 1942
-- sqft lot
$572,000 Zestimate®
$--/sqft
$1,278 Estimated rent
Home value
$572,000
Estimated sales range
Not available
$1,278/mo
Zestimate® history
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Efficient on-demand hot water
Zillow last checked:
Listing updated:
Listed by:
Cindi Hayne 406-240-6497,
Glacier Sotheby's International Realty Hamilton
Bought with:
Courtney C Ferguson, RRE-BRO-LIC-108835
Real Broker, LLC
Source: MRMLS,MLS#: 30063400
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Wall Furnace
Cooling
- Other
Appliances
- Included: Range, Refrigerator
- Laundry: Washer Hookup, Other
Features
- Main Level Primary
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,626
- Total interior livable area: 2,626 sqft
Property
Features
- Levels: One
- Stories: 1
- Exterior features: See Remarks
- Has view: Yes
- View description: City, Mountain(s), Residential
Lot
- Size: 0.32 Acres
- Features: Views, Level
- Topography: Level
Details
- Parcel number: 13146830305430000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Quadruplex, Multi Family
Materials
- Block, Wood Frame
- Foundation: Slab
Condition
- Updated/Remodeled,See Remarks
- New construction: No
- Year built: 1942
Utilities & green energy
- Sewer: Private Sewer, Septic Tank
- Water: Well
- Utilities for property: Electricity Connected, Natural Gas Connected, High Speed Internet Available, Separate Meters
Community & neighborhood
Location
- Region: Hamilton
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 2/12/2026 | Sold | -- |
Source:  MRMLS #30063400 Report a problem | ||
| 1/2/2026 | Listed for sale | $629,000$240/sqft |
Source: MRMLS #30063400 Report a problem | ||
| 1/1/2026 | Listing removed | $629,000$240/sqft |
Source: MRMLS #30051128 Report a problem | ||
| 8/19/2025 | Price change | $629,000-3.1%$240/sqft |
Source: MRMLS #30051128 Report a problem | ||
| 6/3/2025 | Listed for sale | $649,000+18%$247/sqft |
Source: MRMLS #30051128 Report a problem | ||
| 3/21/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/29/2024 | Listed for rent | $1,750+180%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/1/2022 | Sold | -- |
Source: MRMLS #22117916 Report a problem | ||
| 3/27/2022 | Pending sale | $550,000$209/sqft |
Source: MRMLS #22117916 Report a problem | ||
| 2/21/2022 | Price change | $550,000-7.6%$209/sqft |
Source: MRMLS #22117916 Report a problem | ||
| 12/15/2021 | Price change | $595,000-5.4%$227/sqft |
Source: MRMLS #22117916 Report a problem | ||
| 12/2/2021 | Listed for sale | $629,000$240/sqft |
Source: MRMLS #22117916 Report a problem | ||
| 5/7/2020 | Listing removed | $625 |
Source: Caras Property Management Report a problem | ||
| 4/6/2020 | Listed for rent | $625+31.6% |
Source: Caras Property Management Report a problem | ||
| 4/8/2014 | Listing removed | $475 |
Source: Montana Property Management Report a problem | ||
| 2/17/2014 | Price change | $475-9.5% |
Source: Montana Property Management Report a problem | ||
| 1/15/2014 | Listed for rent | $525-11.8% |
Source: Montana Property Management Report a problem | ||
| 11/28/2013 | Listing removed | $595 |
Source: Montana Property Management Report a problem | ||
| 10/29/2013 | Listed for rent | $595 |
Source: Montana Property Management Report a problem | ||
| 1/11/2012 | Listing removed | $595 |
Source: Montana Property Management Report a problem | ||
| 12/16/2011 | Listed for rent | $595 |
Source: Montana Property Management Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,253 -16% | $581,300 +23.3% |
| 2024 | $2,684 +5.2% | $471,600 |
| 2023 | $2,551 +110.8% | $471,600 +151.7% |
| 2022 | $1,210 -1.5% | $187,400 |
| 2021 | $1,228 -3.3% | $187,400 +4.1% |
| 2020 | $1,270 -3.5% | $180,000 |
| 2019 | $1,316 +11.1% | $180,000 +23.5% |
| 2018 | $1,184 +1.8% | $145,700 |
| 2017 | $1,164 +9.5% | $145,700 +9.5% |
| 2016 | $1,063 +0.6% | $133,000 |
| 2015 | $1,057 -13% | $133,000 +46.2% |
| 2014 | $1,215 +19.8% | $91,001 +4.7% |
| 2013 | $1,014 -1.1% | $86,882 +5.4% |
| 2012 | $1,026 | $82,412 |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | $95,351 |
| 2007 | -- | $95,351 |
| 2006 | -- | $95,351 |
| 2005 | -- | $95,351 |
| 2004 | -- | $95,351 |
| 2003 | -- | $95,351 +13.7% |
| 2002 | -- | $83,826 |
| 2000 | -- | $83,826 |
Find assessor info on the county website
Neighborhood: 59840
Nearby schools
GreatSchools rating
- 5/10Daly SchoolGrades: K-4Distance: 0.5 mi
- 4/10Hamilton Middle SchoolGrades: 5-8Distance: 0.6 mi
- 8/10Hamilton High SchoolGrades: 9-12Distance: 0.6 mi
- Montana
- Ravalli County
- Hamilton
- 59840
- 245 Marcus St
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Nearby neighborhoods
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