1714 S 19th Avenue
Bozeman, MT 59718

About this property

Exceptional investment opportunity in one of Montana's fastest-growing markets. Located at 1714 S 19th Ave, this turn-key multifamily property features 32 fully renovated units across three buildings, just minutes from Montana State University, downtown Bozeman, and major commercial corridors. Each unit is approximately 800 SF and offers a 2 bed / 1 bath layout, thoughtfully updated with new luxury vinyl plank flooring, dual-pane windows, fresh interior and exterior paint (and siding), stainless steel appliances, butcher block countertops, new cabinetry, and modern lighting and plumbing fixtures. Residents enjoy ample off-street parking, landscaped green space, and proximity to public transit, shopping, restaurants, and recreational amenities. A strong professional management team is already in place, and once the remodel is complete (set for August 2025) the remaining units will be leased. With an average rent of $1825 per unit, and with maintenance costs lowered significantly thanks to the substantial remodel, the complex stands to operate at a ~5% cap rate once complete. In the intermediate to longer term, there is considerable rental income upside as demand for apartments in the MSU/19th corridor continues to rise. This is a rare opportunity to acquire a fully modernized, stabilized asset with growth potential in a high-demand rental market.