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232 S 7th St 19 Unit Apartment Building $1,425,000 ($75,000/Unit) 6.07% Cap Rate Glasgow, MT 59230
Investment Highlights
- Fully Leased 19 - Unit Property. All currently rented and producing stable income
- Established Rental History - Well-maintained units with strong occupancy and dependable tenants in place
- Recent improvements include new roofing and landscape refresh.
- Spacious floor plans. Each unit offers over 900 sq ft with 2 bedrooms and 1.5 bathrooms
- Central Glasgow Location - Conveniently located near downtown, schools, and services
- Upside Potential with current rents being below market rate. Most units are on month to month leases
Executive Summary
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.
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.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Title and Insurance
- Miscellaneous
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,425,000 | Apartment Style | Low-Rise |
| Price Per Unit | $75,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.53 AC |
| Cap Rate | 6.07% | Building Size | 17,442 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 19 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1955 |
| Property Subtype | Apartment | ||
| Zoning | C | ||
| Price | $1,425,000 |
| Price Per Unit | $75,000 |
| Sale Type | Investment |
| Cap Rate | 6.07% |
| Sale Condition | 1031 Exchange |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 17,442 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1955 |
| Zoning | C |
Amenities
Unit Amenities
- Heating
- Kitchen
- Range
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 19 | $795.00 | 918 |
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Property Taxes
| Parcel Number | 20-4030-12-2-04-28-0000 | Total Assessment | $127,600 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
20-4030-12-2-04-28-0000
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$127,600 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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232 S 7th St
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