Opportunity is knocking in downtown Bozeman. This unique and high performing triplex offers a trifecta of built-in value: an historic footprint, a proven income stream for over 25 years, and a coveted location in the heart of historic Bozeman. Situated just blocks from Main Street shopping, dining and amenities and minutes to Montana State University, this property is the perfect blend of location and lucrative investment potential. Fully rented and priced to sell at a 5.8% cap rate, the property consists of three intentionally built units.
The front unit is a charming Queen Anne style two story home – known as the Susan Kirk Residence. It features spacious living areas and kitchen, and up to 5 bedrooms: 4 conventional bedrooms plus a walk-through bedroom (which could be used as a flex/office), and 2 baths. The home has been well maintained and includes a side driveway for parking, enclosed front and rear entryways and retains its historic charm with colorful paint and gingerbread elements including scalloped shingles and a variety of exterior siding textures.
An attached duplex features Piping Plovers from the Craigshead Institute’s Murals of threatened and Endangered Species Project, enjoyed by neighbors, tenants and passersby since 2023. The duplex consists of two side by side units, each with 5 bedrooms and 2.5 bathrooms, featuring spacious living and kitchen areas and additional flex space on the lower level. An expandable rooftop solar array is connected to the north duplex unit and features EV charging.
A concrete parking area features parking for 4 vehicles. There is a detached garage, currently used by the owners, with room for 2 cars as well as space for a shop/storage – according to sellers it could possibly accept a 2nd story. There are several communal bike storage areas on the property including a covered pavilion.
Yard spaces have been improved with thoughtful native landscaping, berms and raised garden planters for the occupants to enjoy adding interest to the neighborhood. Mature trees and shrubs allow for privacy and shade in summer.
First time on the market in over 25 years, this property is ready for its next chapter. Property may be maintained as a rental property, possibly converted to condominiums – many options exist to make the property your own in this beautiful established Southside Bozeman neighborhood.
This is a wonderfully convenient southside Bozeman location – only minutes to Montana State University, hospital, shopping, breweries, music venues, grocery stores, restaurants, services and amenities. Only 25 minutes to Bridger Bowl, 30 minutes to blue ribbon fly-fishing and river recreation, and 1 hour to Big Sky.
Please don’t disturb the tenants – shown by advanced appointment only. Don’t miss the VR Matterport Tour.
BSCMLS # 408321
MRMLS # 30064670
Unit 419 S 3rd Ave
4 bed + office, 2 bath.
Built 1897 by historic record
By cadastral sq footage – 2160 sq ft – 1394 sq ft main, 766 sq ft 2nd
Heated by gas fireplace, fan pass through to kitchen area. Electric baseboard and electric radiant heaters.
Gas and electric for utilities.
Appliances: Refrigerator (2), range, dishwasher, washer, dryer
Unit 301 W Story St N Unit
5 bed, 2.5 bath
Built 1981.
By Cadastral sq footage as ‘duplex’ – 1807 sq ft – 594 sq ft lower / 619 sq ft main /594 sq ft upper
Heated by electric baseboard heaters.
Only electric for utilities.
Solar array is connected to this unit.
Appliances: Refrigerator (2), range, dishwasher, washer, dryer
Unit 301 W Story St S Unit
5 bed, 2.5 bath
Built 1981.
By Cadastral sq footage as ‘duplex’ – 1807 sq ft – 594 sq ft lower / 619 sq ft main /594 sq ft upper
Heated by electric baseboard heaters.
Only electric for utilities.
Appliances: Refrigerator (2), range, dishwasher, washer, dryer
Common information:
Total acreage: 10575 sq ft | 0.242 acres
1 car garage. Off street concrete pad parking for 4 cars.
Covered bike storage pavilion
City of Bozeman Zoning: RA
2025 Gallatin County Taxes: $9057
Offered at $2,695,000 | Listed by Marcie Hahn-Knoff, Broker | REALTOR® Knoff Group Real Estate
