Investment opportunity with many possibilities! Own a piece of Helena history while generating steady rental income. Located in the sought-after Mansion District, this classic Victorian has been converted into a fourplex, offering flexibility for both investors and owner-occupants.
Rent all four units for maximum income, or easily combine two of the units to create a spacious owner's residence while leasing the remaining two units to help offset your mortgage. Residents will appreciate the unbeatable location, just minutes from all that downtown Helena has to offer, including shopping, dining, entertainment, and trails.
Each unit is separately metered, with the owner covering water service. Off-street parking is available in the rear, and the generously sized lot also presents exciting potential for future infill development.
With a strong rental history—including one long-term tenant of more than a decade—this well-maintained property offers dependable income today and exciting opportunities for tomorrow. Whether you're expanding your investment portfolio, seeking an owner-occupied income property, or exploring future development potential, this timeless Helena Victorian is ready to deliver.
Active
$675,000
407 Madison Ave, Helena, MT 59601
--beds
--baths
3,500sqft
Quadruplex, Multi Family
Built in 1880
-- sqft lot
$655,700 Zestimate®
$193/sqft
$-- HOA
What's special
Classic victorianGenerously sized lot
- 80 days
- 375
- 14
Zillow last checked:
Listing updated:
Listed by:
Jeff Barber 406-422-6647,
Keller Williams Capital Realty
Source: MRMLS,MLS#: 30075490
Facts & features
Interior
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 3,500
- Total interior livable area: 3,500 sqft
Property
Lot
- Size: 7,492 Square Feet
- Features: See Remarks
Details
- Parcel number: 05188725425050000
- Zoning description: R-3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Foundation: Stone
Condition
- New construction: No
- Year built: 1880
Community & HOA
Location
- Region: Helena
Financial & listing details
- Price per square foot: $193/sqft
- Tax assessed value: $498,165
- Annual tax amount: $4,039
- Date on market: 7/25/2026
- Listing agreement: Exclusive Right To Sell
Estimated market value
$655,700
$623,000 - $688,000
$1,934/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/25/2026 | Listed for sale | $675,000+93.4%$193/sqft |
Source: | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 1/30/2017 | Listing removed | $349,000$100/sqft |
Source: Owner Report a problem | ||
| 12/3/2016 | Listed for sale | $349,000$100/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,701 -20.2% | $439,200 +21.7% |
| 2024 | $3,386 +0.5% | $360,800 |
| 2023 | $3,370 -6.2% | $360,800 +9.4% |
| 2022 | $3,594 -1.7% | $329,700 |
| 2021 | $3,657 +21.3% | $329,700 +21.3% |
| 2020 | $3,014 -0.2% | $271,700 |
| 2019 | $3,020 -17.1% | $271,700 +19.2% |
| 2018 | $3,645 +5% | $228,000 |
| 2017 | $3,470 +56.4% | $228,000 +1.3% |
| 2016 | $2,218 -3.1% | $225,000 |
| 2015 | $2,289 +39.1% | $225,000 +151.2% |
| 2014 | $1,646 +2.7% | $89,570 +3% |
| 2013 | $1,603 -0.6% | $86,954 +3.4% |
| 2012 | $1,613 | $84,066 |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | $112,400 |
| 2007 | -- | $112,400 |
| 2006 | -- | $112,400 |
| 2005 | -- | $112,400 |
| 2004 | -- | $112,400 |
| 2003 | -- | $112,400 +14.3% |
| 2002 | -- | $98,300 |
| 2000 | -- | $98,300 |
Find assessor info on the county website
Monthly payment
Est. payment






