409 S Grand Avenue
Bozeman, Montana 59715

$925,000

MLS #411242

Listing Details

  • $925,000Price

A rare offering in Bozemans coveted Bon Ton Historic District — built in 1902 and thoughtfully converted into five income-producing apartments on one of the most walkable blocks south of Main Street. Tree-lined streets, historic mansions, and the citys most architecturally distinguished residential corridor define the address. Downtown Bozeman, Montana State University, Cooper Park and various trail systems are all within an easy stroll or short bike ride. Set on an 8,400+ square foot lot in the heart of the historic core, the property delivers what the Bozeman market almost never offers in one package: an irreplaceable in-town location, a stabilized rent roll, and a meaningful redevelopment path. The five-unit configuration produces consistent income with rents currently positioned below market — a built-in lever for the next owner to realize immediate upside through routine turnover and modernization, without speculative assumptions. Beyond the in-place cash flow, the long-term value sits in the land. Bozemans historic neighborhoods near downtown have become the citys most contested and sought-after development ground, and the Bon Ton has been repeatedly cited by city planners as a model of the "missing middle" density Bozeman is actively encouraging. The lots location, dimensions, and existing multi-unit use position the property as one of the rare in-fill opportunities in Bozemans most desirable submarket — a hold-for-yield asset today, with optionality for the next owner to reimagine the site. Opportunities like this on one of the most prestigious blocks in Bozeman dont come around that often.

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Additional Features

  • City
    Bozeman
  • Contract Status Change Date
    2026-05-18
  • Cooling
    Varies By Unit
  • Cumulative Days On Market
    7
  • Directions
    S Grand on W side between Curtiss and Story
  • Fencing
    Partial
  • Heating
    Forced Air
  • Heating
    Yes
  • Latitude
    45.674900
  • Levels
    Three Or More
  • Listing Contract Date
    2026-05-18
  • Listing Key
    1168298545
  • List Price
    925000
  • Longitude
    -111.040577
  • MLS Area Major
    Bozeman City Limits
  • MLS Area Minor
    1 S M - Boz Main to Kagy
  • MLS Status
    Active
  • Original List Price
    925000
  • Originating System Name
    S W M T
  • Parcel Number
    R G H5921
  • Photos Count
    20
  • Postal Code
    59715
  • Property Sub Type
    Multi Family
  • Property Type
    Residential Income
  • Sewer
    Public Sewer
  • Standard Status
    Active
  • Stories
    3
  • Subdivision Name
    Fairview Addition
  • Tax Annual Amount
    5850
  • Tax Legal Description
    FAIRVIEW ADD, S07, T02 S, R06 E, BLOCK 3, LOT 4 - 5, ACRES 0.193, PLAT C-3
  • Tax Year
    2025
  • Unparsed Address
    409 S Grand Avenue
  • Utilities
    Electricity Connected, Natural Gas Available, Sewer Available, Water Available
  • Water Source
    Public
  • Year Built
    1902
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 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 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.

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 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.

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.