New

$999,000

For Sale

4 days ago

312 E Broadway Rd, Philipsburg, MT

Name: 312 E Broadway Rd, For Sale in Philipsburg - eXp Realty
Brand: Eagen Real Estate
SKU: 412107
Price: 999000 USD

House

MLS® 412107

0 Bed

0 Bath

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential Income

Size -

Garage

Taxes $9,108

Days Active 3

Lot Size

Approx. Age 1978

MLS® Number 412107

Property Address: 312 E Broadway Rd, Philipsburg, MT, 59858

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

Description

Pioneer Apartments presents a rare opportunity to acquire a 16-unit multifamily investment property situated on approximately 4.8 acres in the historic mountain community of Philipsburg, Montana. The property consists of fourteen 1-bedroom, 1-bath units and two 2-bedroom, 1-bath units in a well-maintained campus-style setting featuring mature trees, expansive green space, and ample off-street parking. Originally developed and operated as an affordable housing project, Pioneer Apartments is no longer subject to income or rent restrictions, creating a compelling value-add opportunity for investors. Current rental rates remain below market levels, providing future ownership with the ability to gradually reposition the property toward market-rate rents while benefiting from strong demand for workforce and affordable housing alternatives in the region. The property offers an attractive combination of stable occupancy, durable improvements, and significant upside potential. In addition to rental growth opportunities, investors may be able to improve overall property performance through operational efficiencies and expense management, as historical operating expenses reflect the property's prior affordable housing structure and may not represent a fully optimized market-rate operation. The improvements feature durable construction, attractive curb appeal, and a spacious site that provides tenants with a comfortable residential environment while remaining conveniently located near downtown Philipsburg, recreational amenities, and major area employers. The unit mix is well-positioned to serve a broad tenant base, including local workforce housing demand, retirees, and smaller households seeking quality rental housing in one of Montana's most desirable small-town communities. For investors seeking a multifamily asset with immediate cash flow, long-term appreciation potential, and a clear path to increased net operating income, Pioneer Apartments represents a unique acquisition opportunity. Financial information is available to qualified buyers upon execution of a confidentiality agreement.

MLS® Number412107

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1978

Basement

Driveway

Garage Spaces

HeatBaseboard, Electric

A/CNone

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jun 10, 2026List Date

$999,000List Price

Commute

Commute

Starting Address

Destination Address

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