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Listed price in listed location currency (USD).
$2,750,000

000

MLS® 30063908

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage Yes
Maintenance Fees 
Taxes $27,663
Days Active 5
Approx. Age 1998
MLS® Number 30063908

Property Address: 305 46th St N, Great Falls, MT, 59405-1476

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number30063908
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelCommon Area, Washer Hookup, See Remarks
Exposure
Exterior
GarageYes
Approx. Age1998
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 26, 2026List Date
$2,750,000List Price
  • Commute

Commute

Starting Address
Destination Address
305 46 Th St N, Great Falls, MT

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