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  • Price cut: $60K (7/20)
    $679,000

    616 Madison St, Hamilton, MT 59840

    --beds
    4baths
    3,016sqft
    : 
    $4,216/mo
    Get pre-qualified
    Quadruplex, Multi Family
    Built in 1966
    -- sqft lot
    $-- Zestimate®
    $225/sqft
    $-- HOA

    What's special

    Generous land footprintDedicated parkingOne covered carport spaceOne additional uncovered space
    Exceptional investment opportunity in the heart of Hamilton! This fully leased 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.
    49 days
    |
    331
    |
    25
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jenifer Bain 406-396-1185,

    Glacier Sotheby's International Realty Missoula,

    Kim Williams 406-546-6342,

    Glacier Sotheby's International Realty Missoula

    Source: MRMLS,MLS#: 30073290MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 4
      Appliances
      • Included: Range, Refrigerator
      • Laundry: Washer Hookup, In Bathroom
      Features
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Total structure area: 3,016
      • Total interior livable area: 3,016 sqft

      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

      • Price per square foot: $225/sqft
      • Tax assessed value: $652,350
      • Annual tax amount: $3,998
      • Date on market: 6/29/2026
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/20/2026Price change$679,000-8.1%$225/sqft
        Source: MRMLS #30073290 Report a problem
        7/15/2026Price change$739,000-2.6%$245/sqft
        Source: MRMLS #30073290 Report a problem
        6/29/2026Listed for sale$759,000-2.7%$252/sqft
        Source: MRMLS #30073290 Report a problem
        7/23/2025Listing removed$780,000$259/sqft
        Source: MRMLS #30041663 Report a problem
        5/8/2025Price change$780,000-10.5%$259/sqft
        Source: MRMLS #30041663 Report a problem
        3/13/2025Listed for sale$871,500+50.3%$289/sqft
        Source: MRMLS #30041663 Report a problem
        10/19/2020Sold--
        Source: MRMLS #22013962 Report a problem
        8/29/2020Listed for sale$580,000$192/sqft
        Source: Berkshire Hathaway HomeServices - Florence #22013962 Report a problem

        Public tax history

        YearProperty taxesTax 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

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 59840

        Getting around

        69 / 100
        Somewhat Walkable
        71 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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