205 Water ST Sheridan, MT 59749
6 Beds
3 Baths
2,512 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,512 sqft
Price per Sqft $262
MLS Listing ID 402686
Bedrooms 6
Full Baths 3
Abv Grd Liv Area 1,280
Year Built 2012
Annual Tax Amount $2,460
Tax Year 2024
Lot Size 0.350 Acres
Acres 0.35
Property Sub-Type Single Family Residence
Property Description
The 2012 built home is located on Lot 11A and offers multiple living configurations. It is ideally suited for single family use, multi-generational living or as an income-generating duplex. As a single-family home, enjoy 6 total bedrooms, 3 full bathrooms and over 2,500 square feet of living space. The upper level features 3 bedrooms and 2 full baths, a spacious living room, full kitchen, washer/dryer, A/C and a charming balcony deck ideal for grilling or relaxing.
The lower level mirrors the upper, with 3 more bedrooms, 1 full bath, its own full kitchen, pantry, laundry room and a private entrance, making it an excellent option for a duplex setup or rental income.
Designed with efficiency and versatility in mind, this home is equipped with two furnaces, two hot water heaters, and separate gas and electric meters - a rare and valuable configuration for multi-family use or owner-occupied living with a rental unit to help offset your mortgage or provide cash flow. The home has historically been used as a short and long term rental.
Beyond the home itself, the property offers a lifestyle that's hard to match. Located just minutes from downtown Sheridan, and nestled in Montana's Ruby Valley-surrounded by scenic mountains, rivers, and open space in every direction. Outdoor recreation abounds with world famous fly fishing, hiking, horseback riding, hunting, and snowmobiling right at your doorstep. Plus, historic Virginia City is just a short drive away, offering rich local history and seasonal events. Conveniently positioned between Bozeman and Butte, with access to airports in both directions, this location balances small-town charm with regional connectivity.
Whether you're a homeowner looking for flexibility, a savvy investor or a builder ready to capitalize on the additional lot, 205 Water St offers unmatched potential in a prime location.
Location
State MT
County Madison
Area Madison/Beaverhead/Jefferson
Direction Corner of Water St. & Gourley Lane
Rooms
Basement Bathroom, Bedroom, Egress Windows, Kitchen, Rec/ Family Area
Interior
Interior Features Window Treatments, Main Level Primary
Heating Forced Air, Natural Gas
Cooling Central Air, Ceiling Fan(s)
Flooring Laminate, Partially Carpeted
Fireplace No
Window Features Window Coverings
Appliance Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
Laundry In Basement, Laundry Room
Exterior
Exterior Feature Gravel Driveway
Parking Features No Garage
Fence Partial
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Waterfront Description None
Water Access Desc Public
Roof Type Asphalt, Shingle
Porch Balcony, Covered, Porch
Building
Lot Description Lawn
Entry Level Multi/Split
Sewer Public Sewer
Water Public
Level or Stories Multi/Split
Additional Building Shed(s)
New Construction No
Others
Tax ID 0007017500
Ownership Full
Acceptable Financing Cash, 1031 Exchange, 3rd Party Financing
Listing Terms Cash, 1031 Exchange, 3rd Party Financing
Special Listing Condition None