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Starlit Motel 1521 1st Ave NW 20 Room Hotel Great Falls, MT 59404 $2,500,000 ($125,000/Room)
Executive Summary
Outstanding investment opportunity featuring a recently repositioned hospitality asset with strong in-place income and future upside. Originally constructed as a motel in 1954, the property was thoughtfully converted in 2025 into 23 Single Room Occupancy (SRO) units designed to accommodate both short-term and long-term tenants-creating diversified revenue streams and consistent demand. The property offers 23 private units, each with its own bathroom, and four units are equipped with convenient kitchenettes. Since commencing operations in October 2025, occupancy has remained strong, demonstrating solid market demand and operational stability. The seller is offering a three-month "rent guarantee" with a full-price offer, adding an additional layer of security for investors. With a projected Net Operating Income of $181,000, this asset presents an attractive return. Exterior painting is currently underway. Seller will consider carrying short-term financing for qualified buyers.
Property Facts
| Price | $2,500,000 | Building Size | 4,258 SF |
| Price Per Room | $125,000 | No. Rooms | 20 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1952 |
| Property Subtype | Hotel | Parking Ratio | 3.52/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.66 AC | ||
| Zoning | C - C2 | ||
| Price | $2,500,000 |
| Price Per Room | $125,000 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.66 AC |
| Building Size | 4,258 SF |
| No. Rooms | 20 |
| No. Stories | 1 |
| Year Built | 1952 |
| Parking Ratio | 3.52/1,000 SF |
| Corridor | Exterior |
| Zoning | C - C2 |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 20 | $47.00 | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 02-3015-03-3-03-01-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $422,009 |
Property Taxes
Parcel Number
02-3015-03-3-03-01-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$422,009
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Starlit Motel | 1521 1st Ave NW
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