1714 S 19th Avenue
Bozeman, Montana 59718

$9,900,000

MLS #403946

Listing Details

  • 1.06Acres
  • $9,900,000Price

Exceptional investment opportunity in one of Montana’s fastest-growing markets. Located at 1714 S 19th Ave, this turn-key multifamily property features 32 fully renovated units across three buildings, just minutes from Montana State University, downtown Bozeman, and major commercial corridors. Each unit is approximately 800 SF and offers a 2 bed / 1 bath layout, thoughtfully updated with new luxury vinyl plank flooring, dual-pane windows, fresh interior and exterior paint (and siding), stainless steel appliances, butcher block countertops, new cabinetry, and modern lighting and plumbing fixtures. Residents enjoy ample off-street parking, landscaped green space, and proximity to public transit, shopping, restaurants, and recreational amenities. A strong professional management team is already in place, and once the remodel is complete (set for August 2025) the remaining units will be leased. With an average rent of $1825 per unit, and with maintenance costs lowered significantly thanks to the substantial remodel, the complex stands to operate at a ~5% cap rate once complete. In the intermediate to longer term, there is considerable rental income upside as demand for apartments in the MSU/19th corridor continues to rise. This is a rare opportunity to acquire a fully modernized, stabilized asset with growth potential in a high-demand rental market.

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1714 S 19th Avenue1714 S 19th Avenue1714 S 19th Avenue1714 S 19th Avenue

Additional Features

  • Appliances
    Dishwasher, Disposal, Microwave, Range, Refrigerator
  • City
    Bozeman
  • Construction Materials
    Hardboard
  • Contract Status Change Date
    2025-07-09
  • Cooling
    Ceiling Fans
  • Cumulative Days On Market
    41
  • Directions
    Corner of Remington and S 19th
  • Flooring
    Laminate, Partially Carpeted
  • Heating
    Baseboard, Electric
  • Heating
    Yes
  • Latitude
    45.661686
  • Levels
    Three Or More
  • Listing Contract Date
    2025-07-09
  • Listing Key
    1118957164
  • List Price
    9900000
  • Longitude
    -111.062460
  • Lot Size Acres
    1.06000
  • Lot Size Square Feet
    46174
  • MLS Area Major
    Bozeman City Limits
  • MLS Area Minor
    1 N E - Boz N of Main/ E of 19th
  • Original List Price
    10999000
  • Originating System Name
    S W M T
  • Parcel Number
    R G G1352
  • Parking Features
    Common
  • Photos Count
    37
  • Postal Code
    59718
  • Property Sub Type
    Multi Family
  • Property Type
    Residential Income
  • Roof
    Asphalt
  • Sewer
    Public Sewer
  • Standard Status
    Active
  • Stories
    3
  • Subdivision Name
    Remington Addition
  • Tax Annual Amount
    39908
  • Tax Legal Description
    REMINGTON ADD, S13, T02 S, R05 E, LOT 1, PLAT I-20A LESS HWRW
  • Unparsed Address
    1714 S 19th Avenue
  • Utilities
    Electricity Connected, Natural Gas Available, Sewer Available, Water Available
  • Water Source
    Public
  • Year Built
    1975
Jody Savage

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Listing Provided By The Agency Bozeman, Jeremy Seglem

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 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 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 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.

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.

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.