Browse All Livingston MT Multi-Family Properties for Sale

Live in one side and rent the other or take advantage of this investment opportunity in desirable southwest Livingston! This well-maintained duplex offers the best of both worlds—comfortable living space and excellent rental potential in one of Montana’s most sought-after communities. Each unit features 2 bedrooms, 1 bathroom and an attached 1-car garage. The two units sit on two city lots totaling approximately 7,000 square feet giving each side its own yard space. Located in southwest Livingston, you’ll enjoy convenient access to town while being surrounded by the charm and natural beauty that make Livingston such a special place to call home. With its proximity to the Yellowstone River, outdoor recreation, local shops, restaurants and stunning mountain views, Livingston continues to be a highly desirable place to live and invest. Whether you’re looking for a home with rental income, a multi-generational living arrangement or an investment property, this duplex is worth a look!

1119 & 1121 W Geyser Street, Livingston

$2,600,000

413760 MLS

This seven-plex property in Livingston, Montana is a standout opportunity — seven thoughtfully designed units offering both strong investment potential and a place to call home. The property includes four condos, built in 2023, each featuring 3 bedrooms and 2.5 bathrooms with layouts designed to balance style and function; two ADUs, also built in 2023, each offering 2 bedrooms, 1 bathroom, and an oversized garage with plenty of room for storage or a workspace; and one fully renovated single-family home with 4 bedrooms, 3 bathrooms, and a highly functional open floor plan. Every unit has been thoughtfully designed to create a comfortable, inviting living space, giving tenants a genuinely exceptional place to call home while giving owners a property built for lasting value. Situated in a prime location, the property offers an ideal mix of modern convenience and rustic Montana charm, just minutes from Livingston's thriving downtown — a stretch of local shops, restaurants, art galleries, and live music venues where there's always something happening. With versatile living spaces and strong potential for lucrative returns, this seven-plex is an investment opportunity not to be missed. Whether you're an experienced investor looking to expand your portfolio or a buyer seeking a place to live with built-in income potential, this property delivers the perfect blend of comfort, convenience, and opportunity.

625 N 12th Street, Livingston

$749,000

412751 MLS

An exceptional opportunity to acquire a newly constructed, income-producing triplex in one of Montana's fastest-growing communities. Situated in Livingston, this turnkey investment features three thoughtfully designed residential units totaling approximately 4,332 square feet, each offering 3 bedrooms, 2 bathrooms, modern finishes, and functional open-concept floor plans that appeal to today's rental market Each unit has been built with vinyl plank flooring, granite countertops, stainless steel appliances, energy-efficient systems, air conditioning, and contemporary finishes throughout. Located just minutes from historic downtown Livingston, the Yellowstone River, and the area's expanding commercial corridor, the property benefits from continued population growth and increasing demand for quality housing. Its proximity to the new Livingston Wellness Center, schools, shopping, restaurants, and outdoor recreation further enhances its appeal to prospective tenants. Opportunities to purchase a brand-new, three-unit investment property with immediate income potential are increasingly rare. Whether added to an established portfolio or acquired as a first multifamily investment, this turnkey asset offers the combination of modern construction, operational flexibility, and long-term appreciation potential in one of southwest Montana's most desirable markets.

524 N M Street Unit A, B, C, Livingston

$525,000

412655 MLS

**1304 Absaroka Ct — A Versatile Home in a Highly Desirable Neighborhood** This beautifully updated property offers exceptional residential living with the added benefit of a separate **1-bedroom, 1-bath unit**—perfect for offsetting expenses or accommodating guests. The main home features a stunning great room with **vaulted tongue-and-groove pine ceilings** and **south-facing windows** that fill the space with natural light. All bathrooms showcase **custom tile work**, adding character and craftsmanship throughout. An **attached 1-car garage** provides ample storage, and the **basement apartment** includes its own private entrance and separate utilities (water and sewer shared), offering flexibility and privacy. Situated on a **double lot (20A–20B)**, the property may offer potential for an additional dwelling, subject to local regulations. Buyers are encouraged to conduct their own due diligence regarding development possibilities. A rare opportunity to own a thoughtfully improved home with income-producing potential in a wonderful neighborhood. also listed as residential MLS # 412652

1304 Absaroka Court, Livingston

$1,075,000

412170 MLS

Set against the backdrop of Paradise Valley's mountain ranges, this nearly 20-acre offering captures the Montana lifestyle so many people are searching for. Located just 30 minutes from Livingston and 45 minutes from Gardiner and Yellowstone National Park, you'll have the space and privacy of country living while still being close to recreation, dining and everyday conveniences. The expansive deck takes full advantage of the views across Paradise Valley and offers a great place to unwind after a day spent fishing nearby, exploring Yellowstone, horseback riding or simply enjoying life at home. With four separate living spaces, the possibilities here are hard to beat. Live in the owner's residence while generating income from the two additional apartments and detached cabin, or maximize the investment potential by renting all four units. Whether you're looking for supplemental income, employee housing, a multigenerational setup or a place that can adapt to your changing needs over time, this property gives you options. The main home is comfortable and inviting, featuring wood finishes, vaulted ceilings, a cozy wood stove and large windows that bring in plenty of natural light and showcase the surrounding views. It's the kind of place that you feel can be really lived in, where muddy boots by the door are part of everyday life. The newer riding barn and shop is a true Montana bonus. Complete with an indoor arena and generous shop space under one roof, it's ready for riding, equipment, recreational toys, projects or the workshop you've always wanted. Whether you're an equestrian, hobbyist or simply appreciate having room to spread out, you'll find plenty of ways to make it your own. Opportunities like this don't come around often. Nearly 20 acres in Paradise Valley with income-producing potential, versatile living arrangements and room for the Montana lifestyle you've been dreaming about.

3480 Old Yellowstone Trail N, Livingston

$465,000

411393 MLS

This triplex is conveniently located within Livingston's Central Business District just a block from Main Street. The well-maintained building has a consistent rental history. All units have laminate flooring throughout, electric heat and water heaters, newer exterior paint, range and refrigerator. There is an updated membrane roof over 2-inches of styrofoam insulation. Units 204 and 208 each have a small, fenced yard area. Unit 212 has a small outdoor area and 1-car detached garage. There is a wood privacy fence along the perimeter of the back of the property. Tenants must have 24-hours' notice prior to showing so keep this in mind when scheduling a showing with your Realtor. OWNER FINANCING ONLY - Down Payment amount and terms negotiable.

212 E Clark Street 204, 208, 212 E Clark St., Livingston

$560,000

411171 MLS

Location, zoning, character, history - this desirable property on Livingston’s SW side has tremendous potential for commercial or residential use. Given the history of the city’s early growth and its design, the stately brick building was originally built as a lavish home during the westward residential expansion of the early 1900s. Beautiful wood floors, attractive interior trim, covered front porch, stained glass windows and other amenities lend to the appealing nature from days gone by. In more recent times the well kept building was used as a professional office space, and most recently as a residential duplex. The main level has a bedroom, office space, full bath, kitchen, bathroom and spacious living room area. The upper level has 2 beds and a full bath. There is a shared garage, with a one car stall available for this property. Located on the corner of 7th and Park Streets, current zoning allows for a wide range of commercial or residential uses as specified in current city code. It could also be used as a single family home. Bring your ideas and benefit from the potential this property has to offer.

119 N 7th St., Livingston

$1,125,000

410871 MLS

Rare investment opportunity in one of Livingston’s most sought-after locations on South 9th Street. Situated on a spacious 0.321-acre lot—spanning four city lots—this unique property offers two homes and two 2-car garages, creating exceptional flexibility and strong income potential. Just one block from Water Works Park and two blocks from the Yellowstone River, with easy access to scenic walking paths leading to Sacajawea Park and the beloved Livingston Farmers Market, the location alone makes this a standout for both long-term and short-term rental appeal. The main residence blends historic character with thoughtful updates, featuring hardwood floors, 4 bedrooms, and 2 bathrooms. The open-concept living, dining, and kitchen area is filled with natural light from large windows that capture stunning views of the Absaroka-Beartooth Mountains. Recent improvements preserve the home’s vintage charm while adding modern comfort—marmoleum flooring, antique fixtures, a cozy wood stove, newer stainless steel appliances, and an updated kitchen that stays true to the home’s original style. The walkout basement expands the living space with 2 additional bedrooms, 1 bathroom, a laundry room, and a versatile flex space. A covered outdoor deck extends the living space, offering a perfect setting for relaxing or entertaining while enjoying the peaceful surroundings. An additional loft area upstairs—accessed by pull-down stairs in the hallway—provides bonus space ideal for storage, a studio, or creative use. Tucked behind, the charming cottage offers 1 bedroom and 1 bathroom with a full kitchen, featuring warm wood floors, marmoleum kitchen flooring, charming arched doorways, and a large picture window that fills the space with light—ideal for rental income, guest quarters, or multi-generational living. The oversized yard, framed by mature trees along quiet Cambridge Street, provides exceptional privacy—an uncommon find for an in-town property of this size. Currently occupied by excellent long-term renters, this property presents an immediate income-producing opportunity with upside potential in a premier Livingston location.

529 S 9th Street, Livingston

$600,000

410042 MLS

There are four apartments and a laundry room in this 3,569 square foot building located on a prime 10,500 square foot lot on Main Street in downtown Livingston Montana. This building is set in the SE corner of the large lot which leaves room to develop around it, or combine this site with the adjoining 2 lot offering (MLS #410057)and re-develop this prime 17,000 square foot corner site into anything allowed in Livingston's Central Business District which includes residential use. Current rents total $3,500 per month. Apartment sizes have been estimated pending further information. Please allow 48 hours to set up showings.

332 S Main Street 102 & 104 W Geyser, Livingston

$1,300,000

409201 MLS

Behind dual front gates sits a rare multi-structure property offering exceptional flexibility and income-producing opportunity. The 2,409 square foot primary residence includes three bedrooms and two bathrooms and has been extensively upgraded with new wiring, HVAC, plumbing, insulation, membrane, wired smoke detectors, a Culligan water filtration and softening system, new 2x12 treated joists, new wood siding, and updated exterior lighting. The upstairs bathroom showcases an antique clawfoot tub with waxed water-repellent walls, adding character to a home that has been structurally strengthened and modernized. What sets this property apart is the scale of infrastructure already in place. In addition to the main residence, there is a fully separate cottage ready for occupancy with its own fenced private backyard and storage, creating immediate multi-unit potential. The large yard and expansive open space allow for clear separation between structures, enhancing privacy while supporting a multi-tenant or owner-occupy configuration. Multiple storage buildings throughout the property provide added value for tenants or business operations. An additional structure is ready to be built out as another cottage or bunkhouse, offering future expansion potential. Another detached building presents an ideal setup for a private office, studio, or small business headquarters on site. Three detached garage spaces — including a heated garage currently utilized as storage with baseboard heat, an insulated shop, and a covered lean-to — provide flexible use for tenants, storage, or revenue-generating purposes. The property offers abundant parking, including RV hookups, which further increase income potential and flexibility for both residential and business use. Supported by a 2,000-gallon septic system confirmed by Liberty Septic, the infrastructure is in place to accommodate a variety of multi-unit configurations (buyer to verify zoning and use allowances). Opportunities offering this level of privacy, infrastructure, expansion capability, and income potential in one cohesive package are increasingly rare.

4964 US Highway 89 S, Livingston

$895,000

407602 MLS

Units leased! Downtown mixed-use building with character, income, and flexibility in the historic district. This 8,151-square-foot property features six units of varying sizes, including two front-facing offices, plus a shared common area, kitchenette, conference rooms, A/C, and large windows that let in natural light and downtown views. An alley-accessed studio apartment creates a true live/work setup or an excellent short-term or long-term rental opportunity. Priced at a pro-forma 6.5% cap rate, the property offers an attractive investment with current cash flow and room to add value. Set in the historic downtown district with limited use restrictions and strong neighboring businesses, the building suits a range of concepts including professional services, retail, creative studios, residential, medical, or co-working. As a northern gateway to Yellowstone National Park and just a short drive from Bozeman, this location blends small town character with year-round visitor traffic. Floor plans are included in the listing photos. ASK ABOUT SELLER FINANCING OPTIONS.

124/126 S 2nd, Livingston

$995,000

406718 MLS

Home with Apartment on 16 Acres in Paradise Valley, Montana. Enjoy big Montana skies and country living in this completely remodeled home on 16 acres in Paradise Valley. The main house offers an easy, comfortable layout with plenty of natural light and space to gather, while the separate apartment is perfect for guests, family, rental income, or your Mother-In-Law. Plenty of room to garden, raise animals, or just kick back and enjoy the open space. Conveniently located between Livingston and Yellowstone National Park, this property gives panoramic mountain views with easy access to all the best local spots — from fishing on the Yellowstone River to dinner at Sage Lodge and a soak at Chico Hot Springs.

109 Run Way Lane, Livingston

$719,900

406294 MLS

Set on three commercial lots totalling .75+/- acres just minutes from downtown Livingston, 1801 Sun Ave offers versatility and elbow room with a layout designed for living, working, and creating. This unique 3,456± sq ft structure combines a well-maintained main residence, an attached studio-style ADU with a private entrance, and a heated shop with a 12’ electric door and vehicle lift (negotiable)—ideal for car enthusiasts, woodworkers, or anyone needing space to build and store. Each living unit has its own garage, ensuring you won’t have to take up shop space for vehicle storage. The main home includes two spacious bedrooms—one on each end of the home with their own en suite bathrooms— tall ceilings, abundant natural light, and thoughtful updates including new landscaping with privacy fencing and freshly sealcoated paved parking, with plenty of room for your vehicles, toys, or business traffic. The attached ADU features its own entrance, a ¾ bath, and a flexible studio layout with laminate and carpet flooring. Highly insulated with zip panel and concrete construction, this property is energy efficient and built to last. Outside, the yard is fenced and includes raised garden beds, and room to expand. The property borders additional lots (included in the sale) that offer increased privacy and development potential. The East side of the property is edged by Fleshman Creek, and mature apple trees line the western boundary. With unobstructed views of the Absaroka Mountain Range, and space for projects, guests, or business expansion, this is a rare opportunity in Livingston for those who value function, freedom, and flexibility. Residential Listing: 406178, Commercial Listing: 406291

1801 Sun Avenue, Livingston

$1,900,000

404613 MLS

Few opportunities arise to own a truly historic treasure in downtown Livingston, MT. Listed on the National Register Of Historic Places, this landmark began its story in the late 1800's, originally built as the Saint Mary's Catholic Church. Today, its distinctive brick façade, vibrant stained glass windows, and iconic bell tower preserve exceptional character and charm. This unique property includes both the original church building and parsonage, situated on 5 lots, offering expansive space and incredible potential for a variety of uses. Property highlights include: historic architecture with irreplaceable details throughout; dramatic open spaces beneath soaring ceilings; picture rails for period-appropriate art display; historic doorknobs and hinges that add authentic charm; ornate light fixtures reflecting the property's history; and a classic horse hair plaster light fixture, a mark of true vintage craftsmanship. Most recently serving as the Living Hope Church, this property has been a place of community, memories, and events since 1964 when the congregation was first founded. Zoned R2 medium density residential, it is perfect for residential or adaptive reuse (buyer to verify zoning compliance with city officials). Prime downtown location near shops, dining, and amenities. Don't miss this rare chance to claim a piece of Livingston past and shape its next chapter. Also see MLS#404522 & #404618

236 S 3rd Street, Livingston

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board logo IDX information provided courtesy of the Montana Regional MLS, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

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