Heritage Apartments

232 7th Street South, Glasgow, MT 59230

Property Information

  • For Sale $1,425,000
  • Property Type Multi-Family
  • Property Size 17,544 SF
  • Units 19
  • Lot Size 0.53 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1955
  • Date Updated Apr 28, 2026

Description

Welcome to Glasgow, a charming and growing community in northeastern Montana that offers the perfect setting for multi-family investment properties. Known for its friendly atmosphere and beautiful landscapes, Glasgow is a regional hub for nearby rural areas, with consistent demand for quality rental housing driven by local employment, schools, and healthcare facilities. This multi-family property is ideally situated in a quiet, residential neighborhood with easy access to downtown amenities, parks, schools, and Highway 2. Tenants enjoy a peaceful, small-town environment while still benefiting from essential services, shopping, and recreational opportunities. Glasgow’s low vacancy rates and stable rental market make it a smart choice for investors looking for long-term income potential. With proximity to Fort Peck Lake and the Charles M. Russell National Wildlife Refuge, the area also attracts seasonal workers and outdoor enthusiasts, creating additional rental demand year-round. Whether you're expanding your portfolio or just getting started, this property offers reliable cash flow in a welcoming, tight-knit community with room for growth.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.

Highlights

  • Currently under market rents offering immediate income expansion
  • Large 2 bedroom/1.5 bathroom units
  • Very few multi family opportunities in the area
  • Well maintained

Contacts

Corey Olofson

Landstar Properties

Location

Contact Listing Broker
Corey Olofson

Landstar Properties

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