232 S 7th St - Apartments FOR SALE


Glasgow, MT 59230
$1,425,000 USD
406-253-0531
232 S 7th St, Glasgow, MT for Sale
$1,425,000 USD
Apartments - FOR SALE
1/47
null | 6.07% Cap Rate

232 S 7th St
Glasgow, MT 59230


HIGHLIGHTS

  • Fully Leased 19 - Unit Property. All currently rented and producing stable income
  • Spacious floor plans. Each unit offers over 900 sq ft with 2 bedrooms and 1.5 bathrooms
  • Established Rental History - Well-maintained units with strong occupancy and dependable tenants in place
  • Central Glasgow Location - Conveniently located near downtown, schools, and services
  • Recent improvements include new roofing and landscape refresh.
  • Upside Potential with current rents being below market rate. Most units are on month to month leases

OVERVIEW

Presenting an exceptional opportunity to own a well-maintained 19-unit apartment complex in the heart of Glasgow, Montana. This income-producing property features all 2-bedroom, 1.5- bathroom units, offering spacious layouts ideal for singles, couples, and small families. With strong rental demand and limited multifamily inventory in the area, this complex is perfectly positioned to deliver reliable cash flow and long-term investment potential. Located in a quiet residential neighborhood just minutes from downtown, tenants enjoy convenient access to schools, parks, shopping, and local employers. Each unit offers comfortable living space with functional floor plans, ample natural light, and designated off-street parking. On-site laundry and tenant storage add to the property's appeal. Glasgow serves as a regional hub in northeastern Montana, attracting residents from surrounding communities and seasonal workers alike. Its proximity to Fort Peck Lake, the Charles M. Russell National Wildlife Refuge, and abundant outdoor recreation makes it a desirable location year-round. The local economy is supported by healthcare, agriculture, education, and energy sectors, contributing to a stable rental market. Whether you're a seasoned investor or seeking to expand your portfolio, this 19-unit complex presents a rare chance to acquire a turnkey multifamily asset in a growing, under-supplied rental market.

FOR SALE DETAILS

PRICE

$1,425,000 USD

PRICE/SF

$71 USD /SF

# OF UNITS

19

PRICE/UNIT

$75,000

CAP RATE

6.07%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

C

APN/PARCEL ID

20-4030-12-2-04-28-0000

ASK ABOUT THIS PROPERTY

Corey OlofsonColdwell Banker Landstar PropertiesMore Info
406-253-0531

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Corey OlofsonColdwell Banker Landstar PropertiesMore Info
406-253-0531

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