Commercial · Great Falls, MT 59404

1521 1st Avenue NW A, Great Falls, MT 59404

Great Falls, MT 59404

$2,500,000

ActiveMLS® 30066298

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ActiveMLS® 30066298
$2,500,000
1521 1st Avenue NW A, Great Falls, MT 59404
Bds Ba 7,512 Sq.Ft. 1.191 Ac
Description

Outstanding investment opportunity featuring a recently repositioned hospitality asset with strong in-place income and future upside. Originally constructed as a motel in 1954, the property was thoughtfully converted in 2025 into 23 Single Room Occupancy (SRO) units designed to accommodate both short-term and long-term tenants—creating diversified revenue streams and consistent demand. The property offers 23 private units, each with its own bathroom, and four units are equipped with convenient kitchenettes. Since commencing operations in October 2025, occupancy has remained strong, demonstrating solid market demand and operational stability. With a projected Net Operating Income of $183,000, this asset presents an attractive 7.5% capitalization rate. Exterior painting is currently underway. Seller financing is available for qualified buyers: $ 1,000,000 down payment; 7% interest rate; 5-year balloon. In addition, the Seller will provide a first-year rent guarantee equal to 80% of the property’s rent roll, adding an additional layer of security for investors. The current property management team will remain in place throughout the term of the seller financing. Cash Purchase Incentive: A 5% discount is available for an all-cash transaction. The attached Offering Memorandum provides additional financial details and supporting information.

Exterior and Construction
  • Construction See Remarks
Land and Lot
  • Lot size 1.191 acres (51,880 sq ft)
Location and Zoning
  • Zoning Commercial
  • Zoning description C-2
  • County Cascade
Schools
  • School District Great Falls High School District
Tax and Legal
  • Annual tax $6,500
  • Tax year 2025
  • Parcel number 02301503303010000
  • Legal description WEST GREAT FALLS ADD, S03, T20 N, R03 E, BLOCK 034, LOT 004, W40' LT 4 & ALL LTS 5-12

Listing Information

Listing Agent
Gary W Shea
Listing Office
Century 21 Shea Realty - Butte
IDX

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Montana Regional Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright© 2026 Montana Regional Multiple Listing Service, Inc. All Rights Reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

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