For Sale
$450,000

202 7Th StMiles City, MT 59301

11-Unit Apartment Building, Excellent Condition

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 11-unit apartment building at 202 S 7th St, Miles City, Montana, presents a compelling investment opportunity. The property boasts 7,705 square feet on a 0.11-acre lot and is priced at $450,000 ($58.40/sq ft). Constructed in 1955, this Class C multifamily property offers a mix of apartment and office space, strategically located just two blocks from Main Street and outside the flood zone, ensuring long-term stability. The main building features eight apartments – five one-bedroom and three two-bedroom units – all accessible through a central lobby. Two additional one-bedroom apartments and two office spaces enjoy separate street access. A conveniently located central laundry facility serves all tenants. The property's consistent maintenance history and excellent rental rate contribute to its strong financial performance. This well-maintained building offers a blend of residential and commercial space, making it an attractive investment for both seasoned and new investors seeking a stable and centrally located property in Miles City, MT (zip code 59301). The property's solid rental history and prime location make it a highly desirable asset in a thriving Montana market. This is a turnkey opportunity with immediate income potential.

Highlights

  • Exceptional 11-unit multifamily investment opportunity in Miles City, MT.
  • 7,705 sq ft building on a 0.11-acre lot, priced at $450,000 ($58.40/sq ft).
  • Class C property built in 1955, located two blocks from Main Street, outside the flood zone.
  • Eight apartments (five 1BR, three 2BR) with central lobby access; two additional 1BR apartments and two office spaces with separate street access.
  • Includes central laundry facility; strong rental history and consistent maintenance.

Property Details for 202 7Th St

Property type
Retail properties, Office properties
Square Feet
7,705 SF
Class
C
Year Built
1955
Lot Size (sq. ft)
4,792 SF
Units
11

Location Insight

City
Miles City
County
Custer
State
Montana
Latitude
46.4047737
Longitude
-105.847935
202 7Th St, Miles City, Montana

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202 7Th St
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