409 S Grand AVE Bozeman, MT 59715
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Fairview Addition
MLS Listing ID 411242
Year Built 1902
Annual Tax Amount $5,849
Tax Year 2025
Property Sub-Type Multi Family
Property Description
Set on an 8,400+ square foot lot in the heart of the historic core, the property delivers what the Bozeman market almost never offers in one package: an irreplaceable in-town location, a stabilized rent roll, and a meaningful redevelopment path. The five-unit configuration produces consistent income with rents currently positioned below market — a built-in lever for the next owner to realize immediate upside through routine turnover and modernization, without speculative assumptions.
Beyond the in-place cash flow, the long-term value sits in the land. Bozeman's historic neighborhoods near downtown have become the city's most contested and sought-after development ground, and the Bon Ton has been repeatedly cited by city planners as a model of the "missing middle" density Bozeman is actively encouraging. The lot's location, dimensions, and existing multi-unit use position the property as one of the rare in-fill opportunities in Bozeman's most desirable submarket — a hold-for-yield asset today, with optionality for the next owner to reimagine the site. Opportunities like this on one of the most prestigious blocks in Bozeman don't come around that often.
Location
State MT
County Gallatin
Area Bozeman City Limits
Direction S Grand on W side between Curtiss and Story
Interior
Heating Forced Air
Cooling Varies by Unit
Fireplace No
Exterior
Fence Partial
Utilities Available Electricity Connected, Natural Gas Available, Sewer Available, Water Available
Water Access Desc Public
Building
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Others
Tax ID RGH5921
Acceptable Financing Cash, 1031 Exchange, 3rd Party Financing
Listing Terms Cash, 1031 Exchange, 3rd Party Financing
Special Listing Condition None