603 Washington St

603 Washington St, Miles City, MT 59301

Property Information

  • For Sale $238,000
  • Property Type Multi-Family
  • Property Size 2,206 SF
  • Units 4
  • Lot Size 0.23 Acre
  • Year Built 1906
  • Date Updated Jul 15, 2026

Description

Located in the heart of Miles City, MT, this property benefits from a strong regional economy and serves as a housing option for the area's workforce, healthcare, education, and agricultural sectors. Miles City is the commercial and service hub of eastern Montana, drawing residents and businesses from surrounding communities throughout the region.4-Unit Multifamily Investment Opportunity | Miles City, Montana Add a stable income-producing asset to your portfolio with this 4-unit multifamily property in Miles City, Montana. Currently operating at 75% occupancy, this B-class investment presents an opportunity for immediate income with additional upside through lease-up and operational improvements. The property features four residential units in a well-established location with convenient access to local amenities, employment centers, schools, and services. With one vacant unit, investors have the ability to increase cash flow through occupancy stabilization while benefiting from the strong demand for workforce housing in the area. Ideal for both seasoned investors and those seeking to expand their multifamily holdings, this asset offers a balance of current income and value-add potential. Whether you're looking for a steady long-term investment or an opportunity to enhance returns through active management, this property provides a compelling addition to any real estate portfolio.

Highlights

  • 4-unit multifamily investment property in Miles City, Montana
  • 75% occupied with immediate lease-up opportunity
  • Attractive entry point into the multifamily investment market
  • B-Class asset offering a balance of stability and value-add potential
  • Convenient location near employment centers, schools, shopping, and services
  • Diversified income stream across four residential units
  • Existing in-place income from occupied units
  • Lower unit count allows for manageable ownership and oversight
  • Opportunity to improve occupancy and overall property performance
  • Opportunity to increase cash flow by leasing vacant unit
  • Potential for rental rate growth through improved management and operations
  • Strong demand for workforce housing in the local market
  • Suitable for both new and experienced multifamily investors

Contacts

Location

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