Multi Family Home · Helena, MT 59601

1709-1715 Euclid Avenue, Helena, MT 59601

Helena, MT 59601

$945,000

ActiveMLS® 30073690

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ActiveMLS® 30073690
$945,000
1709-1715 Euclid Avenue, Helena, MT 59601
Bds Ba Sq.Ft. 0.198 Ac
Description

Price adjusted and rent increases coming October, projected to provide a 6.39% cap rate, with additional upside potential through further rent increases, as market conditions allow! Completed in 2019, this newer construction fourplex presents a rare opportunity to acquire a low maintenance multifamily asset with immediate income and future upside potential. Designed with tenant retention and operational efficiency in mind, each unit offers attractive finishes, functional floor plans, in unit laundry, PTAC air conditioning, and detached garages with automatic openers. The property has historically maintained low to virtually no vacancy and offers immediate income stability with all units leased. Current rents remain below prevailing market rates, providing investors the opportunity to increase future cash flow and net operating income over time. Owner expenses remain low with all Northwestern Energy electric service individually metered to tenants. Established landscaping and underground sprinklers further reduce maintenance demands, while a neighboring tenant currently provides lawn care and snow removal for walkways at a nominal cost, an arrangement that may be available to continue following closing. Lease agreements, financial information, pro formas, and additional due diligence materials are available for qualified buyers. Opportunities to acquire a newer fourplex with strong occupancy history, low operating costs, and built in rental upside at this price point rarely come available. Whether you plan to self manage or utilize professional management services, this property offers the operational simplicity and efficiencies investors seek in today's market. Back on market at absolutely no fault of the property!

Interior
  • Appliances Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
  • Laundry Washer Hookup, Laundry Closet, In Unit
  • General Open Floorplan
  • A/C Wall Unit(s)
  • Heating Baseboard, Electric
Exterior and Construction
  • Patio and porch Balcony
  • Exterior Balcony, Rain Gutters, Storage
  • Style Other
  • Construction Two, Poured
Utilities
  • Sewer Public Sewer
  • Utilities Electricity Connected, High Speed Internet Available, Separate Meters
  • Water Public
Land and Lot
  • Lot size 0.198 acres (8,624 sq ft)
  • Lot description Back Yard, Landscaped, Level, Sprinklers In Ground
Location and Zoning
  • Road/Access Alley, City Street
  • Zoning Multi-Family
  • Zoning description R-O
  • County Lewis and Clark
  • Neighborhood Euclid Ave South
Schools
  • School District Helena High School District
Tax and Legal
  • Annual tax $7,828.40
  • Tax year 2025
  • Parcel number 05188724313090000
  • Legal description Lots 11-13 in Block 158 of the MING ADDITION to the City of Helena, Lewis and Clark County, Montana, according to the official plat, records of Lewis and Clark County, Montana. LESS AND EXCEPT the northeasterly 10 feet of subject property.
Parking and Garage
  • Garage Additional Parking, Garage, Garage Door Opener
  • Garage spaces 4

Listing Information

Listing Agent
Bryanna Deschamps
Listing Office
Millennium Real Estate & Management
MLS logo

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