305 46th Street N, Great Falls, MT 59405
Local realty services provided by:CENTURY 21 Deaton and Company Real Estate
305 46th Street N,Great Falls, MT 59405
$2,750,000
- - Beds
- - Baths
- 16,785 sq. ft.
- Multi-family
- Active
Listed by: audrey lazzarini, kyle haynie
Office: dustin young and company
MLS#:30063908
Source:MT_NMAR
Price summary
- Price:$2,750,000
- Price per sq. ft.:$163.84
About this home
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....
Contact an agent
Home facts
- Year built:1998
- Listing ID #:30063908
- Added:55 day(s) ago
- Updated:April 23, 2026 at 02:22 PM
Rooms and interior
- Kitchen Description:Dishwasher, Range, Refrigerator
- Basement:Yes
- Living area:16,785 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air, Gas, Hot Water
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:1998
- Building area:16,785 sq. ft.
- Lot area:0.86 Acres
- Foundation Description:Poured
- Levels:2 Story
Finances and disclosures
- Price:$2,750,000
- Price per sq. ft.:$163.84
- Tax amount:$27,663 (2025)
Features and amenities
- Appliances:Range, Refrigerator
Parking
- Parking description:On Street
- Garage:Yes
- Garage spaces:2
New listings near 305 46th Street N
- New
$455,000Active4 beds 3 baths2,440 sq. ft.2708 Dawn Drive, Great Falls, MT 59404
MLS# 30069463Listed by: RIDGELINE REAL ESTATE - New
$295,000Active3 beds 2 baths1,640 sq. ft.1812 29th Avenue S, Great Falls, MT 59405
MLS# 30069485Listed by: DASCOULIAS REALTY GROUP - New
$280,000Active3 beds 3 baths2,114 sq. ft.1200 32nd Street S #3, Great Falls, MT 59405
MLS# 30068879Listed by: DUSTIN YOUNG AND COMPANY - New
$410,000Active4 beds 2 baths2,116 sq. ft.912 26th Avenue, Great Falls, MT 59404
MLS# 30069274Listed by: HOLMLUND PROPERTIES, LLC - New
$335,000Active4 beds 3 baths2,063 sq. ft.2336 Northern Lights Drive #28, Great Falls, MT 59401
MLS# 30069322Listed by: COLDWELL BANKER THE FALLS - New
$429,000Active2 beds 1 baths1,896 sq. ft.1420 13th Avenue Sw, Great Falls, MT 59404
MLS# 30069406Listed by: CENTRAL MONTANA REALTY - New
$1,300,000Active5 beds 4 baths3,671 sq. ft.2 Spring View Lane, Great Falls, MT 59404
MLS# 30069036Listed by: DUSTIN YOUNG AND COMPANY - New
$229,000Active4 beds 2 baths2,448 sq. ft.205 2nd Street Nw, Great Falls, MT 59404
MLS# 30069356Listed by: ERA LAMBROS REAL ESTATE MISSOULA - New
$345,000Active4 beds 2 baths2,146 sq. ft.2201 8th Avenue S, Great Falls, MT 59405
MLS# 30069189Listed by: DAHLQUIST REALTORS - New
$475,000Active4 beds 3 baths2,688 sq. ft.3212 3a Street Ne, Great Falls, MT 59404
MLS# 30068440Listed by: FATHOM REALTY MT, LLC