New

$2,600,000

For Sale

4 days ago

140 W Park St, Butte, MT

Name: 140 W Park St, For Sale in Butte - eXp Realty
Brand: Platinum Real Estate
SKU: 413930
Price: 2600000 USD

House

MLS® 413930

0 Bed

0 Bath

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential Income

Size -

Garage

Taxes $9,955

Days Active 4

Lot Size 0.099 Acres

Approx. Age 1900

MLS® Number 413930

Property Address: 140 W Park St, Butte, MT, 59701-1716

Average square foot calculated using Size range provided by listing agent.

Description

Welcome to the historic Stephens Hotel Building, an exceptional mixed-use investment opportunity located at 140–146 W Park Street in the heart of Uptown Butte, Montana. Positioned at the highly visible corner of Park Street and Montana Street, this landmark property has been thoughtfully renovated to preserve its historic character while incorporating modern systems and finishes throughout. The building has undergone extensive improvements, including new plumbing, electrical, heating, and major infrastructure upgrades, creating a truly turn-key investment with immediate income and long-term appreciation potential. The second and third floors feature 10 beautifully renovated residential apartments, designed to appeal to today's tenants while maintaining the building's original architectural charm. Spacious layouts, abundant natural light, modern kitchens with stainless steel appliances, updated bathrooms, and restored historic woodwork create an attractive living environment. Select units offer in-unit laundry, with additional common laundry facilities available for tenant convenience. The main level consists of three commercial spaces and is currently occupied by two established restaurant tenants, with one tenant utilizing two of the commercial suites. These long-term tenants provide stable commercial income while benefiting from excellent visibility and strong foot and vehicle traffic along one of Uptown Butte's busiest corridors. Ideally located just minutes from Intermountain Health, Montana Technological University, the Silver Bow County Courthouse, NorthWestern Energy Headquarters, and numerous local shops, restaurants, breweries, pubs, and entertainment venues, the property enjoys consistent demand from both residential and commercial tenants. The Stephens Hotel Building delivers an impressive 7.4% cap rate, making it an even more compelling investment opportunity. With stable income, extensive renovations already completed, and additional upside through future rental growth, this property offers the rare combination of strong cash flow, long-term appreciation potential, and historic architectural distinction in one of Montana's most recognizable downtown districts. Whether you're looking to expand your investment portfolio with a high-performing mixed-use asset or acquire a landmark property with lasting value, the Stephens Hotel Building presents an exceptional opportunity to own one of Uptown Butte's premier income-producing properties.

MLS® Number413930

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1900

Basement

Driveway

Garage Spaces

HeatBaseboard, Electric

A/CNone

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Aug 7, 2026List Date

$2,600,000List Price

Commute

Commute

Starting Address

Destination Address

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