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  • Price Unknown

    721/735 Hobson Ave, Butte, MT 59701

    24beds
    12baths
    --sqft
    Multi Family
    Built in 1996
    -- sqft lot
    $1,876,500 Zestimate®
    $--/sqft
    $1,430 Estimated rent

    Home value

    $1,876,500

    $1.78M - $1.97M

    $1,430/mo

    Zestimate® history
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    $1,430/mo

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    $1,430/mo

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    What's special

    Unlock immediate, stable cash flow with this fully occupied 12-unit multi-family property situated in a desirable central location. Featuring 12 two-bedroom, one-bathroom floor plans, this property consistently attracts long-term tenants and provides for minimal vacancy. Residents enjoy the everyday convenience of dedicated covered parking and proximity to local shopping, dining, and recreational opportunities. What makes this investment stand out is its built-in dual revenue stream. Alongside the 12 residential apartments, the property features 30 on-site storage units, creating additional steady income. This investment is being offered at a 7% cap rate and is arguably the best investment property currently offered in SW Montana.

    Zillow last checked:

    Listing updated:

    Listed by:

    Mike McLeod 406-560-5263,

    McLeod Real Estate Group, LLC

    Bought with:

    Non Member

    Non-Member Office

    Source: Big Sky Country MLS,MLS#: 414240Originating MLS: Big Sky Country MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 24
    • Bathrooms: 12
    Heating
    • Baseboard
    Cooling
    • None
    Interior area
    • Finished area above ground: 0

    Property

    Parking
    • Parking features: Covered
    • Details: 4+ Spaces/Unit
    Features
    • Levels: Two
    • Stories: 2
    Details
    • Parcel number: 0001901580
    • Zoning description: R3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1996

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Natural Gas Available, Sewer Available, Water Available

    Community & HOA

    Community
    • Subdivision: None
    HOA
    • Has HOA: No
    Location
    • Region: Butte

    Financial & listing details

    • Annual tax amount: $12,045
    • Date on market: 8/21/2026
    • Cumulative days on market: 34 days
    • Listing terms: Cash,1031 Exchange,3rd Party Financing

    Price history

    DateEventPrice
    10/15/2026Sold--
    Source: Big Sky Country MLS #414240 Report a problem
    9/23/2026Contingent$2,030,000
    Source: Big Sky Country MLS #414240 Report a problem
    8/21/2026Listed for sale$2,030,000
    Source: Big Sky Country MLS #414240 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 59701

    Nearby schools

    GreatSchools rating