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Executive Summary

48-Unit Multifamily Development Site | Near Final Approval | Bozeman, MT

Property Facts

Price $2,750,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Apartment Units - Condo
Total Lot Size 2.00 AC
Zoning RD - Residential high density

1 Lot Available

Lot

Price $2,750,000
Price Per AC $1,375,000.00
Lot Size 2.00 AC

±2.0-acre development parcel (±1.75 acres net) located in Bozeman’s Cattail neighborhood, offered with plans for a 48-unit multifamily project nearing final City approval

Description

48-Unit Multifamily Development Site | Near Final Approval | Bozeman, MT ±2.0-acre development parcel (±1.75 acres net) located in Bozeman’s Cattail neighborhood, offered with plans for a 48-unit multifamily project nearing final City approval. The proposed development includes four 12-plex buildings with a unit mix of 42 two-bedroom and 6 one-bedroom units. The project is positioned to meet strong rental demand in a high-growth market with limited housing supply. Zoned RD (Residential Development), the property allows for alternative development concepts including a 28–30 unit cottage home community, live/work units, or other permitted residential uses. The parcel benefits from a sub-HOA structure separating the development from existing units, as well as established surrounding infrastructure. Key Metrics: • ±2.0 acres (±1.75 net developable) • 48 units planned • Near final entitlement • Flexible development options • Located in established residential area The property offers developers the opportunity to reduce entitlement risk and timeline while delivering a project in one of Montana’s strongest residential markets.

Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
06-0904-35-2-25-01-7000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$779,263
  • Listing ID: 39975345

  • Date on Market: 3/31/2026

  • Last Updated:

  • Address: 3219 N 27th Ave, Bozeman, MT 59718

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