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Stephens Hotel Building 140 W Park St 10 Unit Apartment Building $2,600,000 ($260,000/Unit) 7.40% Cap Rate Butte, MT 59704
Investment Highlights
- Thoughtfully renovated to preserve its historic character
- Features a historic brick construction
- Located in a highly walkable neighborhood
- Incorporates modern systems throughout
- Positioned at a highly visible corner location
- Convenient transit options are available nearby
Executive Summary
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.
Property Facts
| Price | $2,600,000 | Apartment Style | Low-Rise |
| Price Per Unit | $260,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 7.40% | Building Size | 12,525 SF |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | BID - Business improvement district | ||
| Price | $2,600,000 |
| Price Per Unit | $260,000 |
| Sale Type | Investment |
| Cap Rate | 7.40% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 12,525 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
| Zoning | BID - Business improvement district |
Amenities
Unit Amenities
- Kitchen
Site Amenities
- Laundry Service
- Private Bathroom
Exceptionally walkable
90/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 01-1197-13-1-08-56-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $691,987 |
Property Taxes
Parcel Number
01-1197-13-1-08-56-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$691,987
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Stephens Hotel Building | 140 W Park St