Exceptional investment opportunity in the heart of Hamilton! This fourplex at 616 Madison Street and 320 7th Street offers immediate rental income with four well-maintained 2-bedroom, 1-bath units in one of the Bitterroot Valley's most desirable locations. Each unit features its own private laundry, providing added convenience and appeal for tenants, along with dedicated parking that includes one covered carport space and one additional uncovered space.
Situated on two city lots, this property stands out as a rare investment opportunity. The generous land footprint provides flexibility for future enhancements or long-term appreciation. With strong current cash flow and room for future value creation, this is an ideal opportunity for investors seeking portfolio growth, a 1031 exchange property, or a well-positioned asset in the heart of Hamilton.
Ideally situated within walking distance of downtown Hamilton's shops, restaurants, parks, and the popular seasonal farmers market, tenants enjoy convenient access to everything the community has to offer. Opportunities like this—with stable income, prime location, private in-unit laundry, and development potential—are increasingly hard to find.
Active under contract
$650,000
616 Madison St, Hamilton, MT 59840
--beds
4baths
--sqft
Quadruplex, Multi Family
Built in 1966
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Generous land footprintDedicated parkingOne covered carport spaceOne additional uncovered space
- 31 days
- 240
- 10
Zillow last checked:
Listing updated:
Listed by:
Jenifer Bain 406-396-1185,
TheAgency Missoula,
Kim Williams 406-546-6342,
TheAgency Missoula
Source: MRMLS,MLS#: 30077335
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 4
Appliances
- Included: Range, Refrigerator
- Laundry: Washer Hookup, In Bathroom
Features
- Has basement: No
- Has fireplace: No
Property
Parking
- Total spaces: 4
- Parking features: Carport
- Carport spaces: 4
Lot
- Size: 8,407 Square Feet
Details
- Parcel number: 13146725423080000
- Zoning description: 1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Foundation: Other
Condition
- New construction: No
- Year built: 1966
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Separate Meters
Community & HOA
Location
- Region: Hamilton
Financial & listing details
- Tax assessed value: $652,350
- Annual tax amount: $3,998
- Date on market: 8/31/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/31/2026 | Listed for sale | $650,000-4.3% |
Source: | ||
| 8/25/2026 | Listing removed | $679,000 |
Source: | ||
| 7/20/2026 | Price change | $679,000-8.1% |
Source: | ||
| 7/15/2026 | Price change | $739,000-2.6% |
Source: | ||
| 6/29/2026 | Listed for sale | $759,000-2.7% |
Source: | ||
| 7/23/2025 | Listing removed | $780,000 |
Source: | ||
| 5/8/2025 | Price change | $780,000-10.5% |
Source: | ||
| 3/13/2025 | Listed for sale | $871,500+50.3% |
Source: | ||
| 10/19/2020 | Sold | -- |
Source: | ||
| 8/29/2020 | Listed for sale | $580,000 |
Source: Berkshire Hathaway HomeServices - Florence #22013962 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,687 -15.5% | $639,200 +16.2% |
| 2024 | $4,361 -2.1% | $550,200 -7.2% |
| 2023 | $4,456 +33.6% | $593,041 +61.3% |
| 2022 | $3,336 -0.8% | $367,624 |
| 2021 | $3,364 +42.5% | $367,624 +50.8% |
| 2020 | $2,361 -2.9% | $243,780 |
| 2019 | $2,431 +3.6% | $243,780 +12.7% |
| 2018 | $2,347 +1.9% | $216,375 |
| 2017 | $2,302 +5.5% | $216,375 +1.1% |
| 2016 | $2,183 +1.3% | $214,010 |
| 2015 | $2,154 -1.6% | $214,010 +65.5% |
| 2014 | $2,188 +29.1% | $129,274 +4.9% |
| 2013 | $1,695 -5.4% | $123,202 +5.6% |
| 2012 | $1,792 | $116,618 |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment







