419 S 3rd Avenue
Bozeman, MT 59715

About this property

Opportunity knocks - This unique and high performing triplex offers a trifecta of built-in value: a historic footprint, a proven income stream for over 25 years and a coveted location in the heart of historic Bozeman. First time on market in over 25 years! Situated just blocks from Main Street shopping, dining and amenities and minutes to Montana State University, this property is the perfect blend of location and lucrative investment potential. Fully rented and priced to sell at a 5.8% cap rate, the property consists of three intentionally built units. The front unit is a charming Queen Anne style two story home -- known as the Susan Kirk Residence. Featuring up to 5 beds: 4 conventional beds plus a walk-through flex/office and two baths. The main floor features spacious living areas, kitchen and bath. The home has been well maintained and includes a side driveway for parking, enclosed front and rear entryways and retains its historic charm with colorful paint and gingerbread elements including scalloped shingles and a variety of exterior siding textures. An attached duplex features Piping Plovers from the Craigshead Institute's Murals of threatened and Endangered Species Project. The duplex consists of two side by side units, each with 5 bedrooms and 2.5 bathrooms, featuring spacious living and kitchen areas and additional flex space. An expandable rooftop solar array is connected to the north duplex unit and features EV charging. Concrete parking area features parking for 4 vehicles. A 2-car detached garage is currently used by the owners includes space for a shop/storage. There are several communal bike storage areas on the property including a covered pavilion. Yard spaces have been improved with thoughtful native landscaping and raised garden planters for the occupants to enjoy. Mature trees and shrubs allow for privacy and shade in summer. Many possibilities exist to make the property your own (maintain/condex/development). This is a wonderfully convenient southside Bozeman location -- only minutes to Montana State University, hospital, shopping, breweries, music venues, grocery stores, restaurants, services and amenities. Only 25 minutes to Bridger Bowl, 30 minutes to blue ribbon fly-fishing and river recreation, and 1 hour to Big Sky. Please don't disturb the tenants -- shown by advanced appointment only. Don't miss the VR Matterport Tour.