120 Water Lily Drive
Bozeman, Montana 59718

$3,125,000

MLS #408877

Listing Details

  • 0.66Acres
  • $3,125,000Price

Opportunity for a stabilized multi-family investment in Norton Ranch! This 12-plex offers tenants a neighborhood setting on the North West side of Bozeman, close to schools, parks, and amenities. Each unit is 2-bed, 2-bath (with the exception of Unit 1 which has 2-bed, 1-bath), open living with balconies or patios, parking, and a spacious storage unit. Professionally managed with a strong rental history, this investment offers a strong cap rate with secure income for investors looking to grow their portfolio.

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Additional Features

  • Appliances
    Dryer, Washer
  • Association Amenities
    Sidewalks, Trails
  • Association Fee
    2400
  • Association Fee Frequency
    Annually
  • Association Fee Includes
    Road Maintenance
  • Association
    Yes
  • City
    Bozeman
  • Co List Agent Direct Phone
    406-544-9004
  • Co List Agent Email
    marleymckenna1385@gmail.com
  • Co List Agent Full Name
    Marley Mc Kenna
  • Co List Office Name
    Mc Kenna Adams Commercial
  • Contract Status Change Date
    2026-02-16
  • Cooling
    None
  • Cumulative Days On Market
    9
  • Directions
    South on Cottonwood from Huffine Lane, head west on W Babcock then take a left on Water Lily, headed south. The property will be the second building on the east side of the street.
  • Documents Count
    4
  • Heating
    Electric
  • Heating
    Yes
  • Latitude
    45.677490
  • Levels
    One
  • Listing Contract Date
    2026-02-16
  • Listing Key
    1153531184
  • List Price
    3125000
  • Longitude
    -111.109573
  • Lot Size Acres
    0.66000
  • Lot Size Square Feet
    28750
  • MLS Area Major
    Bozeman City Limits
  • MLS Area Minor
    1 N W - Boz N of Main/ W of 19th
  • MLS Status
    Active
  • Original List Price
    3125000
  • Originating System Name
    S W M T
  • Other Structures
    Sheds
  • Parcel Number
    R G G63515
  • Parking Features
    Common
  • Patio And Porch Features
    Balcony, Patio
  • Photos Count
    22
  • Postal Code
    59718
  • Property Sub Type
    Multi Family
  • Property Type
    Residential Income
  • Sewer
    Public Sewer
  • Standard Status
    Active
  • Stories
    1
  • Subdivision Name
    Norton Ranch
  • Tax Annual Amount
    24978
  • Tax Legal Description
    NORTON RANCH EAST SUB PHASE 1, S09, T02 S, R05 E, BLOCK 2, Lot 1, ACRES 0.66, PLAT J-503
  • Tax Year
    2025
  • Unparsed Address
    120 Water Lily Drive
  • Utilities
    Sewer Available, Water Available
  • Water Source
    Public
  • Year Built
    2015
Jody Savage

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Listing Provided By McKenna Adams Commercial, Katie Adams

Information provided by Big Sky Country MLS is compiled from miscellaneous sources. Neither the Association, listing brokers, agents or subagents are responsible for its accuracy. MLS users should be advised and should advise prospective purchasers to verify all information regarding the property by their own independent investigation prior to submitting an offer to purchase the property.

What our clients are saying:

Jody Savage is knowledgeable, trustworthy and tireless. I purchased a property this spring (2017) near Bozeman; Jody represented me as well as the seller in the transaction. Jody led me through the entire process because this was the first property I had ever purchased. HOA complications and other details made the purchase more difficult. Jody undertook a boat-load of legwork to make the transaction go smoothly. I hope to work with Jody again.

J.D.

Jody is FANTASTIC!! We were first time home buyers and she was with us ever step of the way! She never made us feel silly for being new to the process. She definitely knows the area, always kept us up to date on new listings and was just a delight to work with. I would have absolutely zero hesitation recommending her to anyone. Thanks for all the hard-work Jody! We love our house!

K.G.

Jody is amazing. She knows the market and was able to advise us on all our many concerns. We so appreciated how responsive she was; within minutes of submitting an online request for realtor contact on a house, she had called us. All our communications with her were like that; we never had to wait long to hear back from her. She was patient and always willing to sit down and meet with us. When we found the house we wanted, she worked tirelessly to secure it for us, and she was extremely patient with us. She was easy to communicate with, understand, and a pleasure to work with – I highly recommend Jody!

J.T.

Jody was awesome to work with. We were new to the area and she was helpful and knowledgeable about not only the housing market, but schools, and lenders. She worked with my work schedule for showings. Jody also stayed late to write an offer to meet our schedule. I would recommend Jody to anyone needing a realtor.

M.L.

My wife and I used Jody Savage for the sale of our home in Gallatin Gateway, MT. Jody was exceptional in all phases of our sale. We had multiple offers over asking price and sold our home in two days! Jody uses up to date modern marketing, was extremely professional and knowledgeable regarding our market and addressing our needs. She was great to work with and very responsive to any questions we had. Jody is the best in the business and we highly recommend her services!

G.B.