140 W Park Butte, MT 59701
4,312 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 407747
Year Built 1900
Annual Tax Amount $9,955
Tax Year 2025
Lot Size 4,312 Sqft
Acres 0.099
Property Sub-Type Multi Family
Property Description
The second and third floors feature ten newly renovated residential apartments designed to attract today's tenants while honoring the building's original architectural details. Each unit offers spacious living areas with abundant natural light, modern kitchens with stainless steel appliances, and updated bathrooms with quality fixtures. Select units include in-unit laundry, and common laundry facilities are provided for tenant convenience. Original woodwork and restored historical elements add character and charm rarely found in renovated multi-family assets.
The main level is home to two established and renovated restaurant leases that provide stable commercial income and benefit from strong foot and vehicle traffic in one of Uptown Butte's most active corridors. The property is located minutes from Intermountain Health Hospital, Montana Technological University, the Silver Bow County Courthouse, Northwestern Energy Headquarters, and numerous local shops, restaurants, bars, and pubs, ensuring consistent residential and commercial demand.
Offered at $2,900,000, the property delivers a 6.2% cap rate with additional upside through potential market rent increases. This is a rare opportunity to acquire a fully renovated, income-producing historic asset in one of Butte's most desirable and walkable locations, combining strong cash flow, long-term appreciation, and architectural distinction in a single investment.
Location
State MT
County Silver Bow
Area Butte And Surrounding Areas
Direction Head North on Montana, turn west on Park Street
Interior
Heating Baseboard, Electric
Cooling None
Flooring Hardwood, Partially Carpeted, Plank, Tile, Vinyl
Fireplace No
Appliance Dryer, Washer
Laundry Common Area, Washer Hookup
Exterior
Utilities Available Sewer Available, Water Available
Water Access Desc Public
Roof Type Rolled/ Hot Mop
Building
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Others
Tax ID 0000077900
Acceptable Financing Cash, 1031 Exchange, 3rd Party Financing
Listing Terms Cash, 1031 Exchange, 3rd Party Financing
Special Listing Condition None