140 W Park St - Apartments FOR SALE


Butte, MT 59704- Uptown Butte
$2,600,000 USD
406-560-6495
140 W Park St, Butte, MT for Sale
$2,600,000 USD
Apartments - FOR SALE
1/95
null | 7.4% Cap Rate

140 W Park St
Butte, MT 59704
Uptown Butte


HIGHLIGHTS

  • Thoughtfully renovated to preserve its historic character
  • Incorporates modern systems throughout
  • Features a historic brick construction
  • Positioned at a highly visible corner location
  • Located in a highly walkable neighborhood
  • Convenient transit options are available nearby

OVERVIEW

Welcome to the historic Stephens Hotel Building, an exceptional mixed-use investment opportunity located at 140-146 W Park Street in the heart of Uptown Butte, Montana. Positioned at the highly visible corner of Park Street and Montana Street, this landmark property has been thoughtfully renovated to preserve its historic character while incorporating modern systems and finishes throughout. The building has undergone extensive improvements, including new plumbing, electrical, heating, and major infrastructure upgrades, creating a truly turn-key investment with immediate income and long-term appreciation potential. The second and third floors feature 10 beautifully renovated residential apartments, designed to appeal to today's tenants while maintaining the building's original architectural charm. Spacious layouts, abundant natural light, modern kitchens with stainless steel appliances, updated bathrooms, and restored historic woodwork create an attractive living environment. Select units offer in-unit laundry, with additional common laundry facilities available for tenant convenience. The main level consists of three commercial spaces and is currently occupied by two established restaurant tenants, with one tenant utilizing two of the commercial suites. These long-term tenants provide stable commercial income while benefiting from excellent visibility and strong foot and vehicle traffic along one of Uptown Butte's busiest corridors. Ideally located just minutes from Intermountain Health, Montana Technological University, the Silver Bow County Courthouse, NorthWestern Energy Headquarters, and numerous local shops, restaurants, breweries, pubs, and entertainment venues, the property enjoys consistent demand from both residential and commercial tenants. The Stephens Hotel Building delivers an impressive 7.4% cap rate, making it an even more compelling investment opportunity. With stable income, extensive renovations already completed, and additional upside through future rental growth, this property offers the rare combination of strong cash flow, long-term appreciation potential, and historic architectural distinction in one of Montana's most recognizable downtown districts. Whether you're looking to expand your investment portfolio with a high-performing mixed-use asset or acquire a landmark property with lasting value, the Stephens Hotel Building presents an exceptional opportunity to own one of Uptown Butte's premier income-producing properties.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$208 USD /SF

# OF UNITS

10

PRICE/UNIT

$260,000

CAP RATE

7.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stephens Hotel Building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,020 SF

ZONING

BID

APN/PARCEL ID

01-1197-13-1-08-56-0000

ASK ABOUT THIS PROPERTY

Clay SeccombPlatinum Real EstateMore Info
406-560-6495

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Clay SeccombPlatinum Real EstateMore Info
406-560-6495

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.