Belgrade MT Multi-Family Real Estate, Homes for Sale

The Gallatin Valley views are stunning from this wonderful property, with 10.20 acres N of Belgrade (approx. 15 min. from airport). NO ZONING OR COVENANTS! The property has 2 residences. The larger home is 2,478 sq. ft., with 2-bedrooms, 1 bath on the upper level and a 1/2 bath, family room, third bedroom (new closet) and laundry facilities on the lower level. The full basement is a walkout. This is a Buffalo Alaska Built home with double-thick walls. A new deck is being constructed on the E side of the house. Both homes and shop have had metal roof replacements in the last six yrs. The second home is a 1026 sq. ft. manufactured home on a permanent foundation, with 2 bedrooms and 1 bath, plus a 2-car attached garage; new back deck. It is partially fenced for horses and has a small barn. Both homes are currently rented, and tenants are interested in staying. Several pumps are placed around the property for easily watering livestock. A seasonal ditch runs across the front of the property, and additional trees can be planted if desired. Keep this as an income property, live in either home and rent out the other one, or use as guest or family housing. So many possibilities! Be sure to check out the virtual tour.

1203 Duncan Road 1201 Duncan, Belgrade

$1,199,000

412986 MLS

Exceptional turnkey INVESTMENT OPPORTUNITY with a FANTASTIC CAP RATE! Don't miss this rare opportunity to own four newly built, stand-alone homes in one of the Gallatin Valley's fastest-growing communities. Currently generating approximately $2,100 per unit per month, this property offers immediate, reliable income with strong upside potential. Each thoughtfully designed home features 2 bedrooms, 1 bathroom, an open-concept floor plan, a bright modern kitchen, stylish finishes, energy-efficient mini-split heating and cooling, and a private balcony perfect for enjoying Montana's breathtaking sunsets. A garage/shop adds valuable storage, workspace, or flexibility for future use. Perfectly positioned just minutes from Bozeman Yellowstone International Airport, downtown Belgrade, Bozeman, Big Sky, Bridger Bowl, and Yellowstone National Park, this location appeals to both long-term tenants and visitors alike. With modern construction, low-maintenance ownership, and consistent rental demand, this property is truly turnkey. Whether you're looking to expand your investment portfolio, complete a 1031 exchange, or secure a high-performing income property in one of Montana's most desirable and rapidly growing markets, this opportunity checks every box. Properties offering immediate cash flow, newer construction, and four detached rental homes on one property rarely come available. Schedule your showing today!

519 & 521 E Yellowstone, Belgrade

$1,465,000

412599 MLS

Investment opportunity in Belgrade! This four-unit property features four well-designed units, each offering two bedrooms, two and a half bathrooms, and an attached one-car garage. Every unit backs to the neighborhood trail system, providing nice southern light and an attractive setting for tenants. Ideally located with convenient access to schools, parks, shopping, dining, and everything Belgrade has to offer, this property combines a desirable location with strong rental appeal. The complex is fully leased, making it a turnkey investment with immediate income potential.

1516 Butler Creek, Belgrade

$1,280,000

412105 MLS

Excellent income-producing property in a prime Belgrade location. This well-maintained 4-plex offers four similar 2-bedroom, 1-bathroom units, each featuring a functional layout with a kitchen, living area, and dedicated laundry room. All four units share the same thoughtfully designed floor plan, creating consistency and ease of management. Tenants enjoy the convenience of a private single-car garage plus additional off-street parking on a concrete pad. The property's attractive, low-maintenance landscaping is enhanced by underground sprinklers, helping keep upkeep simple year-round.

807 Mantle Drive, Belgrade

$2,500,000

411667 MLS

JUST COMPLETED NEW CONSTRUCTION LUXURY 3 BED / 3 BATH 2415 SF LIVE/WORK 4 PLEX THAT IS FULLY RENTED FOR $16,150 A MONTH. Two Bed with Two full baths with 1242 SF located on the second level and a huge heated 1173 SF shop on the main level with an office/studio, kitchenette, and bathroom. Living area has a nice floor plan with an open kitchen with island, and a true master suite. Living area includes- Granite countertops, central air and heating, large kitchen, and a balcony. Shop area includes- 12' high garage door, 14' ceilings, heated, kitchenette, office/studio with heat and cooling, 3/4 bath, epoxy floors, hot and cold hose bibs, upper mezzanine for storage, 40' deep shop space with separate entrance. Seller is a licensed Broker in the state of Montana.

204 Fletching, Belgrade

$649,000

411090 MLS

Welcome to this versatile property, perfect for a range of living arrangements or investment opportunities! Situated in a prime location near downtown Belgrade, this home offers easy access to restaurants, grocery stores, and local amenities. This residence features a spacious 3-bedroom, 2-bathroom layout on the upper level, presenting a blank canvas for your personal touch and design vision. The lower level boasts a beautifully remodeled 2-bedroom, 1-bathroom apartment, perfect for guests, rental income, or multi-generational living. Enjoy the comfort of a daylight basement that adds to the charm of this unique property. Step outside to discover a large, fully fenced yard, providing ample space for outdoor activities, gardening, or simply unwinding in your own private retreat. A covered outdoor space enhances your entertaining options, while a practical shed offers additional storage for your outdoor needs. With gross rents totaling $45,600, this property not only serves as a wonderful home but also an attractive investment opportunity. Whether you choose to maintain its current duplex configuration or transform it into a single-family haven, this versatile property is ready to meet your needs. Don’t miss out on the chance to call this gem your own—schedule a viewing today! Some of the photos have been virtually enhanced.

91 Stiles, Belgrade

$649,000

411091 MLS

Welcome to this versatile property, perfect for a range of living arrangements or investment opportunities! Situated in a prime location near downtown Belgrade, this home offers easy access to restaurants, grocery stores, and local amenities. This residence features a spacious 3-bedroom, 2-bathroom layout on the upper level, presenting a blank canvas for your personal touch and design vision. The lower level boasts a beautifully remodeled 2-bedroom, 1-bathroom apartment, perfect for guests, rental income, or multi-generational living. Enjoy the comfort of a daylight basement that adds to the charm of this unique property. Step outside to discover a large, fully fenced yard, providing ample space for outdoor activities, gardening, or simply unwinding in your own private retreat. A covered outdoor space enhances your entertaining options, while a practical shed offers additional storage for your outdoor needs. With gross rents totaling $45,600, this property not only serves as a wonderful home but also an attractive investment opportunity. Whether you choose to maintain its current duplex configuration or transform it into a single-family haven, this versatile property is ready to meet your needs. Don’t miss out on the chance to call this gem your own—schedule a viewing today! Some of the photos have been virtually enhanced.

91 Stiles, Belgrade

$850,000

410956 MLS

Currently set up as duplex with a total of 9 bedrooms and 4 bathrooms, this spacious property features two generously sized units. The upper-level unit boasts 5 bedrooms and 2 full bathrooms, ideal for larger households or group living. The lower-level unit, accessible via a private entrance, includes 4 bedrooms and 2 bathrooms, providing flexibility for rental or multi-generational living. It could easily be converted back to a single-family home. The upper unit is currently rented at $3,050/month, and the lower unit is vacant. Additional highlights include a large fenced yard, a two-car garage, and ample street parking.

302 10th, Belgrade

$1,950,000

410552 MLS

Welcome to Belgrade's premiere live/work community, Jackrabbit Reserve! This thoughtfully designed development is encircled by a public trail system and ideally located near Belgrade's ever-growing town center. 203 Fletching Way is a stunning newly constructed triplex, with each unit featuring a 1200+ sf main level shop with epoxy flooring, as well as a luxurious 2 bedroom, 2 bathroom residence above. Each unit features sleek LVP flooring, fully equipped kitchens with full stainless steel appliance suite, laundry, and window coverings. Jackrabbit Reserve enjoys quick proximity to the Bozeman Yellowstone International Airport, I-90 interstate access, grocery stores, and dining. An investor's dream, this triplex has massive rental income potential as Belgrade continues to grow and live/work opportunities continue to be a rare find.

203 Fletching Way, Belgrade

$799,000

409076 MLS

SELLER OFFERING $15,000 CREDIT AT CLOSING FOR RATE BUY-DOWN, CLOSING COSTS, OR YOUR CHOOSING! Completely updated while preserving its original charm, this spacious Belgrade home sits on over a quarter-acre lot with a huge yard, just blocks from Main Street and minutes to the airport, schools, and everyday amenities. Thoughtfully renovated from top to bottom, the home features new trim, doors, flooring, tile showers, lighting, and heating—blending timeless character with modern comfort. The kitchen has been fully remodeled with new cabinetry, quartz countertops, and stainless steel appliances, opening seamlessly to the dining area and expansive living room for an easy, connected feel. Three secondary bedrooms and an updated full bath provide flexibility, while the oversized primary suite stands out with a beautiful fireplace centerpiece and generous proportions. The adjoining primary bathroom remains ready for personalization—an opportunity to design a space tailored entirely to your style. Adding tremendous value is the ground-level ADU with private entrance—ideal for guests, rental income, a home office, or business use. Its proximity to the airport and downtown Belgrade makes it especially appealing for flexible living or income potential. With alley access, abundant parking, and a storage shed included, this property delivers both practicality and opportunity—all in a location that offers space and established character beyond the newer subdivisions.

91 E Allison Avenue, Belgrade

$869,000

408216 MLS

Welcome to a fantastic investment opportunity in the heart of Belgrade! This well-maintained property features four distinct units, two of which have been remodeled, offering modern touches and inviting living spaces. With an annual rental income of $71,760, this property stands out as a great addition to any portfolio, showcasing both immediate income potential and long-term value. Each of the two remodeled units boasts 2 bedrooms and 1 bathroom, complete with convenient in-unit laundry facilities to enhance tenant comfort. The remaining 2 bedroom and 1 bathroom units await your personal touch, providing the chance to further increase rental income. Situated on a generously large lot, this property offers ample outdoor space, perfect for leisure activities or potential expansion. Enjoy everything downtown Belgrade has to offer. Just a short walk away, from shopping and dining options. Additionally, being directly across from a city park enhances the appeal, providing space for outdoor recreation and relaxation. This investment opportunity combines prime location, modernized units, and the potential for value growth—ideal for investors looking to capitalize on a thriving market. Don't miss out on this chance to secure a property that has it all. Schedule your viewing today and explore the possibilities this remarkable property has to offer!

206 S Davis, Belgrade

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Belgrade Multi-Family Real Estate