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For sale
  • $2,030,000

    721/735 Hobson Ave, Butte, MT 59701

    24beds
    13baths
    --sqft
    : 
    $12,299/mo
    Get pre-qualified
    Multi Family
    Built in 1996
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    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.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Mike McLeod 406-560-5263,

    McLeod Real Estate Group, LLC

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

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 24
      • Bathrooms: 13
      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: None

      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: 3 days
      • Listing terms: Cash,1031 Exchange,3rd Party Financing

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/21/2026Listed for sale$2,030,000
        Source: Big Sky Country MLS #414240 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 59701

        Getting around

        49 / 100
        Car-Dependent
        45 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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