A solid multifamily addition to any portfolio, located in a walkable Helena location near downtown. This fourplex includes three 1-bedroom/1-bath units plus a studio apartment, offering a tenant mix that draws steady demand from singles and young professionals seeking affordable, well-located housing. What sets this property apart is the lot itself — significantly larger than typical for a fourplex in this area, giving an owner room to add parking, storage, outdoor tenant space, or explore future value-add potential. For investors thinking beyond day-one cash flow, that extra land is real optionality.
This fourplex benefits from a location close to downtown Helena and the Mount Ascension trailhead — a combination that consistently supports strong occupancy and tenant retention in this submarket.
A straightforward, manageable unit mix combined with lot size upside makes 701 1st Street a compelling buy for an investor looking to grow their Helena multifamily holdings.
Active
$730,000
701 1st St, Helena, MT 59601
--beds
--baths
3,392sqft
Quadruplex, Multi Family
Built in 1920
-- sqft lot
$692,700 Zestimate®
$215/sqft
$-- HOA
What's special
- 66 days |
- 354 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Joseph M Mueller 406-431-3034,
RE/MAX Of Helena,
Josh LaFromboise 406-439-3873,
RE/MAX Of Helena
Source: MRMLS,MLS#: 30071915
Facts & features
Interior
Heating
- Forced Air
Appliances
- Included: Range, Refrigerator
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 3,392
- Total interior livable area: 3,392 sqft
Property
Lot
- Size: 1.14 Acres
Details
- Parcel number: 05188831426150000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Foundation: Poured, Stone
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Location
- Region: Helena
Financial & listing details
- Price per square foot: $215/sqft
- Tax assessed value: $546,800
- Annual tax amount: $4,998
- Date on market: 6/19/2026
- Listing agreement: Exclusive Right To Sell
Estimated market value
$692,700
$658,000 - $727,000
$1,796/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/19/2026 | Listed for sale | $730,000$215/sqft |
Source:  MRMLS #30071915 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,617 -7.1% | $546,800 +31.8% |
| 2024 | $3,893 +0.5% | $414,900 |
| 2023 | $3,875 +12.2% | $414,900 +30.9% |
| 2022 | $3,455 -1.7% | $316,900 |
| 2021 | $3,516 +4.6% | $316,900 +4.6% |
| 2020 | $3,360 -0.2% | $302,900 |
| 2019 | $3,367 -15.2% | $302,900 +19.1% |
| 2018 | $3,972 +5.2% | $254,400 |
| 2017 | $3,775 +52.2% | $254,400 +1.1% |
| 2016 | $2,481 -3.1% | $251,700 |
| 2015 | $2,561 +59.6% | $251,700 +188.3% |
| 2014 | $1,604 +3.6% | $87,291 +3.9% |
| 2013 | $1,548 +0.4% | $83,991 +4.5% |
| 2012 | $1,542 | $80,388 |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | $101,300 |
| 2007 | -- | $101,300 |
| 2006 | -- | $101,300 |
| 2005 | -- | $101,300 |
| 2004 | -- | $101,300 |
| 2003 | -- | $101,300 +4% |
| 2002 | -- | $97,430 |
| 2000 | -- | $97,430 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: West
Nearby schools
GreatSchools rating
- 8/10Jefferson SchoolGrades: PK-5Distance: 0.4 mi
- 6/10Helena Middle SchoolGrades: 6-8Distance: 1.1 mi
- 7/10Helena High SchoolGrades: 9-12Distance: 1.2 mi
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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