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
$687,900 Zestimate®
$215/sqft
$-- HOA
What's special
- 16 days |
- 580 |
- 19 |
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
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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
$687,900
$654,000 - $722,000
$1,569/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 | -- | $97,430 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
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
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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