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Excellent investment opportunity located just minutes from Malmstrom Air Force Base, offering strong in-place income with additional upside potential. This 21-unit multifamily property features a diverse unit mix consisting of twelve 2-bedroom units, six 1-bedroom units, one 3-bedroom unit, two studio units, plus an owner-rented garage space, creating multiple income streams within a single asset. The property currently generates approximately $22,095 per month in gross rental income and benefits from consistent tenant demand. Units include individual air conditioning and individual gas forced air, updated flooring in several apartments, and practical layouts appealing to long-term tenants. Tenants pay their own electric and gas utilities, helping control operating expenses, while ownership covers water service and common area utilities. Additional revenue is produced through four coin-operated laundry machines in the common area and an owner-rented garage space. Three garage spaces are located on site, with one currently being converted into a new 2-bedroom, 1-bath unit, providing immediate value-add potential upon completion. This property presents a compelling opportunity for investors seeking stable cash flow with room to increase rents through continued interior updates, operational improvements, and completion of ongoing unit conversion. With solid existing income and a highly desirable rental location near Malmstrom AFB, this asset offers both dependable performance and long-term appreciation potential in the growing Great Falls rental market.
Property Type(s):
Multi Family
| Year Built | 1998 | Garage Spaces | 2.0 |
|---|---|---|---|
| County | Cascade |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Range, Refrigerator |
| BASEMENT | Concrete, None |
| GARAGE | Yes |
| HEAT | Forced Air, Hot Water, Natural Gas |
| LOT | 0.86 acre(s) |
| LOT DIMENSIONS | 0.86 |
| PARKING | On Street |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Other |
| TAXES | 27663.49 |
| WATER | Public |
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Listing provided by: Audrey Lazzarini, Dustin Young and Company | 305 46th Street N
IDX information provided courtesy of the Montana Regional MLS, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
This IDX solution is (c) Diverse Solutions 2026.
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